McLean Hamlet Rental Market Update

Early this year there were six homes for rent in the McLean Hamlet. As of March 23, all of those homes have been rented.  1352 Snow Meadow Lane rented yesterday for $3,900 per month. The home had been on the market for 57 days.

A combination of higher than usual inventory and less demand for rental homes appears to have lowered the rental prices in the Hamlet somewhat.  For example, 8003 Falstaff Road had rented for $3,800/month in 2015, and $3,650 in 2012, but rented for $3,500 on February 27. It had been available for rent for 205 days before it was rented.

1307 Titania Rented

The home at 1307 Titania Lane in the McLean Hamlet has been rented.  This home was on the market for rent and sale for a price of $1,249,000.  It was rented for $4,050 per month for 36 months.

At this time, there is just one home for rent in the McLean Hamlet, 1352 Snow Meadow Lane for $3,900 per month.  The home at 8003 Falstaff Road rented for $3,500 per month on February 28.

 

Coming Soon in the McLean Hamlet

My neighbor Randy is putting his home on the market soon.  Randy is a jack of all trades, an exquisite landscape designer, gardener, and fix it man.  He performed various repair jobs for many of his neighbors in the McLean Hamlet.  I have a garden filled with daylilies that he gave my family many years ago. Although his home does not appear to be especially large, looks can be deceiving. A true feature of this home is the .43 acre lot, which is larger than average in the Hamlet. The lower level walks out to a rear yard with a variety of plantings. The main level has a deck off the kitchen that looks over the spacious yard.  A wide variety of plantings and trees behind this home delivery a special feeling of privacy that is very rare in this large neighborhood.

Price and details will be provided when the listing hits the market. But don’t wait until then, if you want to live in this neighborhood, call me now. This home may sell before it goes on the market.

1355 Macbeth Street Sold for $885,000

The home located at 1355 Macbeth Street has sold for $885,000.  The split foyer model has five bedrooms and three full bathrooms.  As I predicted the day this home was listed for sale, a contract was receiving a just one day on the contract.  The list price of $874,800 was well below the neighborhood average of $909,000 since 2012, and $50,000 less than the home next door at 1357 Macbeth that went under contract in two days. Thus, it is no surprise that the home sold above the list price.

1357 Macbeth under contract after two days on the market

The home at 1357 Macbeth that was listed for sale on February 24 went under contract after just two days.

The home at 1357 Macbeth that was listed for sale on February 24 went under contract after just two days. It was priced at $925,000.

There are three homes currently available for sale in the McLean Hamlet, ranging from $899,000 all the way to $1,699,000.  There are also three homes available for rent in the neighborhood, with two priced at $3,900/month, and another for $3,950.

New construction underway at 8201 Dunsinane Court

Excavation is underway for construction of a new home at 8201 Dunsinane Court in the McLean Hamlet. The owners of this property, which was purchased on February 29, 2016, for $925,000, live nearby on Dunsinane Court and purchased this lot to build a new home for their family.  The owners of this property are selling another property in the McLean Hamlet, located at 1355 Macbeth Street, which is scheduled to close tomorrow.  Look for a sale update on that property in the next few days.

Somerville Homes is the builder of the new home.  The home is not expected to be listed for sale when completed, leaving 1308 Macbeth Street as the only newly constructed home for sale in the neighborhood. This new home is the second tear down on Dunsinane Court. Coincidentally, the owners of the other new home on the street also lived previously on Dunsinane Court. It is easy to see that owners love the McLean Hamlet as they are willing to construct a new home a few doors away!