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Friday, April 24, 2009

7 Enid Court - Regency Estates - $724,990

Listed by Long and Foster

Google Map Here

I was curious to see what I would find when I saw this home come on the market in Regency Estates. Not much sells in this community above $625K, and to see a price $100K above this level intrigued me.

This home is a large split level on a small private cul-de-sac. It has great curb appeal and has been well maintained. The landscaping is impeccable, and in a few days the yard will be in full color with blooming azaleas.

The entry has a nice tile foyer. You progress straight ahead to a step down dining room with some elaborate mouldings. The kitchen is in the front of the home and has been completely remodeled. Granite, nice appliances and plenty of light. There is a large addition on the back of the home that is stunning. Lots of windows, a big fireplace, access to the back yard and a full bath. Beautifully constructed, it was no surprise the owner is a parent to one of the larger remodelers in the county.

The back yard is lovely. A big pool, great landscaping and well tended grounds make this a showplace. The full bath in the addition can double as a cabana for a quick change into a suit and a swim in the pool.

It is obvious I think this property is fabulous. Let's talk about some of the challanges. First, the property backs to high tension power lines. Although the data proves there are no ill effects from this lines, it is problem. This will be a major turn off for some people. Secondly, it is going to have a hard time appraising at full price. I am not saying the home is not WORTH full price, but finding comps will be tough.

This one is certainly worth seeing if you are in this price range. I hope to see this one fetch $699K when all is said and done. A good appraiser should be able to support the value.

2 comments:

  1. I SAW IT AND I THOUGHT TOO MUCH FOR THIS LOCATION. I WONDER IS FOX HILLS CONSIDERED A BETTER NEIGHBORHOOD TO PAY THAT PRICE? (FOR A LESS NICE AND SMALLER HOUSE??)

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  2. This home is certainly at the very high end of the range for this community. This will appeal to a family that wants to move in and have everything already done. No upgrading or renovation will be necessary.

    This home is small, but very nicely renovated with lots of nice features. The pool and addition are nicely done, and the kitchen has been beautifully updated.

    I suspect they will have to lower this price a bit, but I think there is a buyer out there that will see this home as a good value.

    Thanks for the comment! Please continue to contribute.

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