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Thursday, December 4, 2008

Gainsborough Road - Fox Hills - $699,000

Does advertising a home as the "Lowest Price in Fox Hills" constitute a bargain?
Not necessarily.

When this home was built in 1965, who could have anticipated that Gainsborough Road would be this busy? Used as a cut through, there is significant traffic on Gainsborough that passes this home. Perched up on a hill, the noise can be heard in the home.

Built by Pulte, this home has been updated, but still needs some work. The kitchen has been nicely updated, and so have the baths. The wood floors are in good shape, so most of the work needed is cosmetic. It does not show all that well, but it seems to have good bones.

The basement is finished, but chopped up. The design stinks, but redoing the space may be a great investment. The Family room is small, so investing in the basement will provide space for a TV area and some room for the kids.

The pool in the back is nice. It is small, but fits the space. The landscape and retaining walls seem to be leaning and would worry me as a buyer. The seller should get a landscaper to come in and dress things up. Clean the leaves, plant some mums, and make the yard look nice.

This home may be the least expensive in Fox Hills, but it will have to come down in price. This will be more reasonable in the $650K range and has a chance of selling quickly.

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