Monday, January 19, 2009
Part I: What You Get for the Money: $500,000-$550,000
I am always browsing real estate blogs. Yesterday I was browsing and stumbled across Anne Rain’s blog series "What You Get for the Money". I loved the idea and thought that I too would try this type of series, which she based off the HGTV's show, "What You Get for the Money". Maybe you’re familiar with it. If not, it compares three different cities across the nation and shows what type of home you can get in various price points. It's a great way to show different property values.
I will not be comparing different cities, rather this series will compare property values in Pinecrest.
I'll start with one of the least expensive price ranges in Pinecrest. Here's what you can get for the price range of $500,000 - $550,000.
This house was in foreclosure. It had 4 bedrooms, 2 baths, updated kitchen with granite counters, new flooring, paint and more. The home sits on a 15, 480 square foot yard.
It sold in November of 2008 for $529,000. The last sale was in April 2006 for $720,000 which signifies a 27% price drop. It was on the market for 63 days.
I'll be back in the next day or two with the $600,000 to $650,000 price range.
If you are wondering what your Pinecrest home would sell for in today's market, either email me at Lynn@LynnCromer.com or click here for to find out What Your Home is Worth.
Information is based on information provided to and compiled by NADR, RAGFL, RAMB, RAMDC, SBBOR. Information is believed to be accurate but is not warranted.
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