Don’t know about the other comp? Market’s going down…we all know that much. But it hasnt fallen 75K….you missed my other point which is you are comparing a 625 sale of a Former Model with an average home priced in a Value Range of 550 to 599 (BTW, I hate Range Pricing) and are assuming its going to sell for 550. It hasnt sold and no one knows what it will sell for. It could sell for 599, it could sell for 499…no one knows.
BTW, the former model had maple cabinets (5 to 10 k upgrade), hardwood floors (easily 20K if you’ve ever put them in), a BBQ island in back (5K), high quality carpet (another 2 to 4K easy), a balcony (10 to 15K typically), real yard with real landscaping (10 to 25 K easily), leaded glass windows/mirrored closet doors (a grand or two), custom window treatments (5k easy), built-in media cabinet (2 to 4K), crown moulding (a couple grand), Central A/C (5 grand easy). If you have ever done these kinds of upgrades, you know these are very realistics costs. Whether they are worth doing and whether you will get back your money on them is another question. But this house clearly had a lot of upgrades thrown at it over the basic homes that comprise most of this community. The seller was also represented by a very good agent which no doubt helped. The buyer was also represented by a good agent. All in all, I’d say they probably both got a fair deal in today’s market.
As for the yard, I’ve seen several homes in that tract and most had about 5 feet of concrete behind them. The pictures on this one looked like it actually had a yard which most that I have seen don’t…hence a much larger than average yard. As for the privacy issue, there isnt much in this tract but I certainly would prefer a park occupied by young children during the day when I’m not there to a house 10 feet away that’s occupied at night when I am there. Just my preference. Maybe your’s are different?
As for the home backing up to the hillside being a premium location? Those homes are generally cold and dark. They are typically difficult to sell and usually sell for less.
