The Anna Maria Island Sun Newspaper

Vol. 14 No. 21 - March 19, 2014

REAL ESTATE

Everything old is new again

 

I’ve always enjoyed the song “Everything Old is New Again,” written by the great Australian entertainer Peter Allen. I think what I like best about it is the basic message of the song that if you wait long enough, everything comes back in style, and housing is certainly no exception.

According to a recent story in the Wall Street Journal one of the biggest trends for housing in 2014 is the “new old house.” The new old house movement is a sudden desire for homeowners to live in authentic traditional homes, new houses that replicate homes from the 19th and early 20th centuries.

According to the Journal, the new old house is a residence that is historically accurate on the outside, but built for the needs of modern Americans on the inside.

And some of those needs include top of the line kitchens and baths and open floor plans; large entries, closets, and master bedrooms; lots of kitchen counter space and smaller formal dining rooms. Buyers may be looking for the iconic wraparound front porch, but they still want their outside kitchens and hot tubs.

In addition, even though the square feet of homes were scaled back during the recession, the age of big houses has definitely returned. As reported by the Census Bureau, during the third quarter of 2013, the average size of new houses increased to a record 2,642 square feet. That being said, the new wave of home buyers may want space, but they still don’t want the McMansions popular before the financial downturn.

What this new crop of buyers are looking for are homes that are historically accurate on the outside with roof lines, windows and garages that are consistent and authentic to the era of the house. Getting the details right is important to the new old house buyer because it represents the very essence of why they want a vintage house even it it’s only a reproduction of one. These buyers feel that it’s time to get back to basics and recreate the family life that some of them grew up with or have at least heard about, like families gathering on the porch, big family dinners with multiple generations and the cozy comfortable feeling that older homes invoke.

So, if this generation of buyers want the old home feeling, why don’t they just buy one? Well many do and undertake years of renovations trying to get those 7-foot ceilings higher, and still never really get what they want. But one of the main reasons buyers are going for a new old home is location. Older homes tended to be built on main roads, close to town and on small lots, considered an advantage in the 19th century, but very far from what today’s families want.

Manatee County and the cities of Bradenton and Palmetto are offering incentives to potential buyers of historic homes if they will move them to another location in an effort to save the historic value of the homes and the history of the county. It’s a nice idea, but the average buyer will find the problems associated with saving these homes insurmountable. Never-the-less, one of the builders of new old homes said a house should be built to last at least 100 years, and a beautiful house will stay on the landscape and will be loved and taken care of.

I love the trend of new old homes and the lifestyle that I hope it encourages. When I first read about the new old house revival I had a little bit of a laugh, since a friend of mine a few years ago got back together with a college boyfriend who I instantly dubbed “the new old guy.” Who knew I was on to something then?

Real Estate Transactions
Real estate transfers as of October 1-31, 2013
Sponsored by Alan Galletto Island Real Estate

Sold Date | List Price | Sold Price | Address | Provision | Property Style

Anna Maria

01/03/2014 1,400,000 1,400,000 107 Beach Ave. 2789 150x100 4 Br/3 Ba SFR
01/06/2014 895,000 800,000 806 Gladiolus St. 2250 69x100 3 Br/3 Ba SFR
01/06/2014 317,000 470,549 205 Elm Ave. 1203 52x110 2 Br/2 Ba SFR Reo
01/06/2014 749,000 683,000 517 Magnolia Ave. 2219 75x115 4 Br/2.5 Ba SFR
01/10/2014 989,000 910,000 213 Spruce Ave. 937 105x100 2 Br/2 Ba SFR
01/22/2014 1,495,000 1,450,000 203 Spruce Ave. 696 2 Br/1 Ba SFR
01/24/2014 850,000 849,900 113 Gull Dr. 2447 91x100 3 Br/2 Ba SFR
01/29/2014 522,000 465,000 8806 Gulf Dr. 936 50x100 2 Br/2 Ba SFR
01/30/2014 510,000 502,000 524 Blue Heron Dr. 1653 3 Br/2 Ba SFR
01/30/2014 1,345,000 1,325,000 214 Spring Ave. 3189 52x145 6 Br/5.5 Ba SFR

Bradenton Beach

01/31/2014 425,000 385,000 252 17th St # 252 1268 2 Br/2 Ba Condo
01/02/2014 289,000 282,000 1801 Gulf Dr N # 238 1080 2 Br/2 Ba Condo
01/31/2014 635,000 617,500 2300 Avenue B 2832 50x100 4 Br/4 Ba SFR
01/16/2014 259,900 259,900 2515 Avenue C # A 1584 50x100 Inc.
01/31/2014 635,000 617,500 2300 Avenue B 2832 50x100 Inc.
01/10/2014 297,777 290,000 200 22nd St . 50x100 Vac.

Cortez

01/13/2014 439,000 400,000 4207 126th St. W. 3412 100x100 4 Br/3 Ba SFR

Holmes Beach

01/02/2014 330,000 315,000 5808 Gulf Dr. # 206 912 2 Br/2 Ba Condo
01/08/2014 375,000 330,000 6250 Holmes Blvd. # 65 1206 3 Br/2 Ba Condo
01/14/2014 392,900 366,250 6400 Flotilla Dr. # 96 985 2 Br/2 Ba Condo
01/16/2014 359,900 347,000 600 Manatee Ave. # 136 1179 2 Br/2 Ba Condo
01/23/2014 318,000 283,000 201 35th St .# 5 630 1 Br/1 Ba Condo
01/27/2014 279,000 265,000 3801 E Bay Dr. # 108 1121 2 Br/2 Ba Condo
01/27/2014 379,000 370,000 6200 Flotilla Dr. # 262 1266 2 Br/2 Ba Condo
01/29/2014 219,900 208,000 3000 Gulf Dr. # 6 756 1 Br/1 Ba Condo
01/03/2014 689,000 671,750 117 51st St. 1536 3 Br/2.5 Ba SFR
01/09/2014 565,000 535,000 502 83rd St. 1728 3 Br/3 Ba SFR
01/10/2014 1,049,000 950,000 509 68th St. 2546 80x102 3 Br/2 Ba SFR
01/10/2014 896,000 725,000 313 61st St. 2374 4 Br/3.5 Ba SFR
01/10/2014 799,000 772,000 213 65th St. 2184 3 Br/2.5 Ba SFR
01/23/2014 399,000 390,000 2819 Avenue B 2332 3 Br/2 Ba SFR
01/24/2014 450,000 450,000 113 31st St. 1682 50x105 3 Br/2 Ba SFR, Reo
01/24/2014 350,000 325,000 502 Bayview Dr. 1214 75x120 3 Br/2 Ba SFR
01/29/2014 598,000 565,000 5606 Holmes Blvd. 1040 3 Br/2 Ba SFR
01/29/2014 775,000 775,000 4118 5th Ave. 2786 6 Br/3.5 Ba SFR
01/31/2014 974,900 907,930 637 Key Royale Dr. 2422 100x151 4 Br/3 Ba SFR
01/13/2014 339,900 275,000 4501 Gulf Dr. # A 1325 1554x800 Inc.
01/21/2014 500,000 450,000 212 Haverkos Ct. 108x110 Vac.

Source: Manatee County Property Appraiser’s Office


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