Location is key - Burns Park, still a highly desired area in the Ann Arbor Real Estate market. I held an Open House today at 1241 Olivia, a typical 1920 built house backing the Burns Park Elementary School. The house has just over 1600 square feet and is priced at $296,000.00. Last Sunday there was a large number of visitors and this week was more of the same. All of the visitors talked of the Burns Park area location. Some of those attending the Open House were neighbors who also could not say enough about what a wonderful neighborhood Burns Park is. I had a renter visit the Open House and asked if I had any rental homes available in the Burns Park neighborhood. He is on a three year work assignment and the company's temporary housing is in Burns Park. They are enjoying it so much they want to rent a house of their own in Burns Park for the remainder of the assignment.
The neighborhood is anchored by Burns Park Elementary School which also receives high marks and is highly desired by parents with elementary school age children. The school has a large park that is always filled with sledders or soccer players, basketball players and runners. The three playground areas are a favorite of youngsters. This very family oriented Burns Park neighborhood is in very close proximity to Central Campus, the Med Center and Downtown Ann Arbor. Another reason it is so highly desired.
So, even in times when market conditions are less than perfect buyers are always looking for a good house with a great location. So, always remember - location, location, location.