3425 Arthur

[DCRogers]

Hey, I must defend this neighborhood of modest homes, which now look ever-more-modest in this super-sized era of McMansions. I live in an 1100-SF home, and think about the horror of having to clean a home twice as big! Small sizes mean you got more neighbors out walking around; too many modern neighborhoods sprawl too much for the old walk-to-the-store to be enjoyable (or even possible). And don’t get me going on the modern “snout” garage look… yuck yuck yuck.

(Also, it does give one discipline about not collecting too much “stuff”… including kids! The previous owners had one kid, and had to move when #2 approached…)

As for what these homes are worth (other than what someone will pay for them! ;-), if you assume a conservative 1% appreciation over inflation to be the “natural” rate of growth, then 4%/year of 200K since 2000 would be (7x$8K) and the “true” value around $256K. Assume 2% appreciation and you get $270K. (That’s assuming 2000 was a neutral year price-wise.) I doubt it will get that low, but heck, who knows. I certainly think it will drop below $400K; with a bit more meltdown, perhaps even to $300-350K.

[DCRogers]

Hey, I must defend this neighborhood of modest homes, which now look ever-more-modest in this super-sized era of McMansions. I live in an 1100-SF home, and think about the horror of having to clean a home twice as big! Small sizes mean you got more neighbors out walking around; too many modern neighborhoods sprawl too much for the old walk-to-the-store to be enjoyable (or even possible). And don’t get me going on the modern “snout” garage look… yuck yuck yuck.

(Also, it does give one discipline about not collecting too much “stuff”… including kids! The previous owners had one kid, and had to move when #2 approached…)

As for what these homes are worth (other than what someone will pay for them! ;-), if you assume a conservative 1% appreciation over inflation to be the “natural” rate of growth, then 4%/year of 200K since 2000 would be (7x$8K) and the “true” value around $256K. Assume 2% appreciation and you get $270K. (That’s assuming 2000 was a neutral year price-wise.) I doubt it will get that low, but heck, who knows. I certainly think it will drop below $400K; with a bit more meltdown, perhaps even to $300-350K.

[Ricechex]

Cute house, but I think you could do better. This is a nice neighborhood though, not too close to Adams Avenue, and it is mostly residential. I bet this stays listed for awhile. Also, not crazy about the laundry in the kitchen, but you could always wire the garage for washer and dryer.

[Ricechex]

Cute house, but I think you could do better. This is a nice neighborhood though, not too close to Adams Avenue, and it is mostly residential. I bet this stays listed for awhile. Also, not crazy about the laundry in the kitchen, but you could always wire the garage for washer and dryer.

[bsrsharma]

DCR – I have nothing against these small homes. I agree with all your sentiments. I think, though, they are good for singles, couples and retired folks who can enjoy city life. But, I wish it was priced with those folks in mind – 100K for example. Putting a family home pricetag on a studio/suite is beyond irrational.

[bsrsharma]

DCR – I have nothing against these small homes. I agree with all your sentiments. I think, though, they are good for singles, couples and retired folks who can enjoy city life. But, I wish it was priced with those folks in mind – 100K for example. Putting a family home pricetag on a studio/suite is beyond irrational.

[VoZangre]

McMedium….

hey, I am, in no way, shape or formula, into stuccobox McMansions ( wouldnt be even if i could afford one, which i caint )

the BTB and I are gonna be scouting 3/2 prolly in the 1500 sq/ft range… she’s got a bee in her bonnet about a nice size yard…

am not against CUTE… but in excess of $500 sq/ft and less than 800 sq/ft…?

I guess I’m spoiled…am 6′ 1″ and like to be able to do yoga on my floor without knockin’ over lamps and rearranging furniture…

[VoZangre]

McMedium….

hey, I am, in no way, shape or formula, into stuccobox McMansions ( wouldnt be even if i could afford one, which i caint )

the BTB and I are gonna be scouting 3/2 prolly in the 1500 sq/ft range… she’s got a bee in her bonnet about a nice size yard…

am not against CUTE… but in excess of $500 sq/ft and less than 800 sq/ft…?

I guess I’m spoiled…am 6′ 1″ and like to be able to do yoga on my floor without knockin’ over lamps and rearranging furniture…

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