Worry pulls tomorrow’s cloud over the sunshine of today.
Today’s HOT LIST Link ( click the pretty gold link below to see today’s picks ):
$2,995,000
15523 E FIREROCK COUNTRY CLUB DR, Fountain Hills, AZ
“Sellers have made key upgrades most important to the home’s value “
Key Upgrades? Well that’s a waste, since we’re changing the locks as soon as we move in. Aside from those upgraded keys, this home has a new roof, new HVAC system, new water heaters, new water filtration system, new outside and inside paint, new front door, and all new appliances. What the caterpillar calls the end, the rest of the world calls a butterfly.
Let’s talk a moment about style vs. substance.
We were at a Home Inspection yesterday where it was revealed the corporate owned property our clients were purchasing has a new roof, new HVAC’s, new water heater, and new appliances. BIG APPLAUSE! We suspected as much, but to see it written official for a first-time home buyer is a blessing. New mechanicals aren’t the Sex Sells components that attract instant eyeballs like Eva Mendes eating a corndog while riding a horse topless in her undies. However, they are the backbone of the home. The substance. Notice how this listing does not show a single picture of the FIVE new A/C units installed here. All too often we get preoccupied with the sprig of parsley and the frilly toothpick decorating the meal, the style, yet fail to see the steak is thinner and greener than Keith Richards. Style over substance is substance abuse.
So the next time you’re buying a home, with me of course, don’t be afraid to ask about the roof felt, or the foundation’s condition, or how many showers ago the water heater was birthed. Those details are far more important than which shade of granite the countertops enjoy. Substance is the support beam, a home’s style is the disco ball hanging from it.
$482,000
5810 W MONTE CRISTO AVE, Glendale, AZ
“remodeled home on over 1/3 acre with so much character”
Now back to our regularly scheduled style programming…we ran across this Sunburst Farms gem in our travels last week. It went Under Contract before we could rush our Buyer to it. That Buyer is now in escrow elsewhere, as this home is falling out of escrow right here, while RAISING ITS PRICE. $475k is now $482K, which is likely a reflection of the foot and boot traffic it generated upon debut. Don’t expect this house to last the day without going under contract again.
Why?
Style and substance. Third of an Acre lot, horse privileges, no HOA, and a single level 3/2 house that fell out of a spaghetti western. This won’t attract the people who use more than six words to order a coffee, but for veterans of the Mardi Gras bead exchange program, this is like marrying the spawn of Ben Cartwright and Pinky Tuscadero. This is a man’s world, but it wouldn’t be nothing, without its clear and present appearance that it can attract girls. Style, done correctly, means not noticing the Canadian bed sheet couch cover, the creeping vine Scotch taped to the overhead beam, or the world’s largest collection of dachshund décor.
Bravo!
$800,000
7934 W ORANGEWOOD AVE, Glendale, AZ
“Seller can leave exiting buildings or have them removed”
“Seller can leave exiting buildings”.
That’s normally the manner by which one leaves a building right?. The exits?
“…or have them removed.”
Brutal. We just met!
(maybe they meant “existing buildings”…hmmm)
We’re here for the dirt. This former farm is sitting on 5.14 Acres of the stuff, which is zoned R-6. R-6 means we can split this property into much smaller lots, as small as 6,000 square feet each. Be warned, only 3.357 Acres of that dirt is useable, as the property has an acne outbreak of easements and deed restrictions, likely deals done with neighbors that cannot be undone. For instance, the sat photo shows the neighbors parking their vehicles on the eastern portion of this lot. We call that a clue. Zoinks Scoob!
3.357 Acres of “useable dirt” equates to 146,230 sq ft. In subdivision math, we assume 20% of the land is needed for streets and utilities.
146,230 x .80 = 116,985 sq ft
116,985 divided by 6,000 =
Roughly 19 homes can be built here, for $42k per lot. $7 per ft.
Nearby neighborhoods like Meadows, Orangewood, and Cobblefield, where 6,000 sq ft lots are the norm, are selling for $200-$220 per ft. Those are 25 year old homes. This is a popular area, less than 2 miles from Cardinals stadium, with only three new home communities nearby (Cadence, Positano, Northern Ridge Estates) that would compete.
They say the meek shall inherit the earth. In the meantime, the bold could make some profit off of it here.
Now back to your regularly scheduled madness.
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