1308 Macbeth Under Contract

The new home constructed by Sekas Homes at 1308 Macbeth Street is under contract. The home, listed for $1,669,900, is scheduled to close at the end of May.

The home was on the market for 381 days, which is not an unusually high number of days considering that the home was listed for sale well before the existing home was torn down.  Demolition of the existing home at 1308 Macbeth took place in October, and the construction was completed a little over a month ago.  Below are photos of the home during the construction process.

1316-macbeth-tear-down
1308 Macbeth pre-demolition
2016-10-20 1308 Macbeth demolished
1308 Macbeth Demolished
2016-10-28 1308 Macbeth foundation pour
October 28 – Foundation being poured
1308 macbeth 2017-2-2
1308 Macbeth – February 2, 2017

7723 Timon Under Contract

 

The home at 7723 Timon Drive has an “Under Contract” sign in the yard. Observant readers will note that this home was not mentioned in a previous post on this site. The reason is that it was not listed in the multiple listing service. A local real estate agent who lives in the McLean Hamlet was contacted by another agent representing  buyers who sought to live in the Hamlet. The agent who lives in the Hamlet knew the family who inherited 7723 Timon wanted to sell their parents estate home, and she was able to work out a contract between the heirs and the buyers. Because the home needed to be updated in the kitchen and baths, it will sell below the market value, but the buyers will be able to select their updates, and they eliminated competition in a very hot market. Congrats to both agents for making this transaction happen.

Situations like this one are somewhat common. Earlier this year I sold a home nearby in Vienna before it was listed for sale in the multiple listing service.  There are often advantages for sellers to sell before going on the market.  In the case of the home I sold in Vienna, where I represented the buyers, the seller did not have to perform the many needed renovations that would bring the home up to ready to sell condition.  Thus, the seller was saved the headaches of dealing with contractors, as well as expenses of approximately $20,000. The buyers, in return, purchased a home under the market price, and were able to update the home in the manner they desired. Most importantly for my buyer clients, we eliminated the competition and a potential bidding war by purchasing the home off market, and well below the appraised value of the home. I learned about the availability of this home through another Keller Williams agent in my office. Transactions like these are just another reason why buyers still need great representation when looking for a home. If you are looking to buy or sell a home, please contact me.

1329 Portia Place Coming Soon

1329 Portia Pl

The home at 1329 Portia Place in the McLean Hamlet will be listed for sale around May 7, according to the listing agent, Tom Millar with Century 21.  The home will be priced at $1,039,000 when it hits the market. It is located on a cul-de-sac with three other homes, and is undergoing some renovations at this time.

If you want to purchase a home in the McLean Hamlet, and don’t have representation, don’t wait for a home to hit the market. Last week I received a call from an agent who was actively searching for her clients to find homes that have not yet been listed. The listing agent of 1329 Portia told me that she and her clients are scheduled to see this home. In markets like this, when there are limited homes for sale, buyers need representation from experienced agents to get them a home before the competition. Contact me for a consultation to discuss your needs.

7728 Falstaff Road Listed for $1,075,000

7728 Falstaff Road available for $1,075,000.

The home at 7728 Falstaff Road in the McLean Hamlet is now active on the multiple listing system.  I toured the home during the Broker Open house last week.   It is a colonial model common in the eastern side of the McLean Hamlet, which is also the “newer” side, built mostly between 1970 and 1975.  The home is similar to 1400 Romeo Court, which I listed and sold in 2016 for $1,037,000.  It has four bedrooms upstairs, a large living room, separate dining room, and family room off the kitchen.

 

There is no open house advertised as of Saturday, April 22.  If you want to see this home, call your agent, or call me if you do not have a buyer representative yet.

McLean Hamlet Sales Update-1357 Macbeth Street Sold

The home at 1357 Macbeth sold on April 6 for full list price – $935,000.  This home was listed on February 24 and was on the market just 2 days.  According to the listing agent there were multiple offers on this home.  The sale price is $40,000 more than the home next door that has more taxable living area than 1357 Macbeth.  1355 Macbeth was listed on February 11, and closed on March 3 for $885,000.

Both of these homes are evidence that the 2017 market is favoring sellers as inventory remains low at this price range in the Spring Hill area. The market to purchase a home in the McLean Hamlet the market moves fast.  Be prepared before a home is listed. If you do not have a buyer representative searching for homes before they are listed, you will likely be late to the action.  Contact me to get an edge on the market.