A survey of Lilburn Area Deals, part IV
November 20th, 2008 Categories: For Buyers, Lilburn
This is the final part of this grouping. We started with an entry level fixer-upper, priced at just under $100k. We moved up a little to a property in the mid-high $100s. The third property was priced in the low $200s. This final property is the one that may actually be the best deal… and it is the most expensive, listed in the low $300s.
Butler
The reason it is the best deal comes down to the numbers. It is priced at least easily $50k below the current market. How can I say that? There is a house with a very similar floor plan that sold in the last two weeks for $40k more. Except that house didn’t have the basement. Basement lots add around $25k-$35k to these house. So, even with a distressed sale, this house is well below market. Other homes in the subdivision have sold in the high $300k to the low-mid $400s. In fact, this very home sold for $410k just 18 months ago. Now it is almost $100k less!
This house is just about ready to go. It does need paint in some places (entry area and upstairs bedrooms). The carpet looks excellent (it is only 2years old!). The appliances are VERY nice… except for the fridge which isn’t in the house. Granite counter tops, beautiful cabinetry, tile backsplashes, wood flooring… These are the right upgrades, and they are there and in great shape.
Hall area needs paint
The back yard is a little smaller than I’d like, but it isn’t terrible. At least there is a privacy fence at the back property line.
The final little extra here that I really like (being a garage guy) is that the garage is HUGE. It is listed as a two car, but it is seriously deep. At the very least, a car could be turned sideways in the rear of the garage and there would still be storage for tools and two other cars. It is possible that the carage could hold four cars (2 wide by 2 deep) depending on the cars.
If the real estate market was more solid right now (in the sales realm) I would buy this house myself. I see it as an EXCELLENT deal even at full list price.
Under Contract now… The good ones ARE selling…
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