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Wednesday, May 13, 2009

8705 Hidden Hill Lane - East Gate - $869,000


Listed by Weichert

Google Map Here


There has been a surge of listings in this neighborhood. I recently reviewed the 8702 Hidden Hill, which is across the street. The neighborhood is a popular. When priced right homes move quickly. A home at 8814 Hidden Hill just went under contract. It was priced aggressively and was on the market for less then 30 days.

This home is an expanded contemporary built in 1972. The kitchen and dining room have been bumped out to allow for a large sky lit breakfast area and a larger then normal formal dining room. A sliding glass door leads you to a large deck that provides a vista of a private wooded back yard.

This home has been completely renovated over the last few years. All the hardwood in the home is in good condition. The baths are upgraded, walls tastefully painted and kitchen large and modern. So, why hasn't it sold?

The home is empty except for a small bedroom in the basement. There is someone living down there as the door to this bedroom is dead bolted. There is food in the fridge and clutter in the butler pantry desk. The home needs to be thoroughly cleaned. The granite counters need washing the floors swept and the bathroom (Especially downstairs) cleaned. The home could be best described as "sloppy" with a lot of potential.

This home has been on the market for some time. The price is too high at $869,000. It needs to be reduced by $30,000 to bring it in line with its competition.

If the sellers are proactive and have the home thoroughly cleaned they stand a chance of getting a decent offer. If they do nothing they are inviting low offers.

The market is already competitive. With all of the additional homes that have come to market in this neighborhood, it is VERY competitive. Only those homes that are looking their best and priced properly are going to get offers. Based upon what I have seen with this home, it should sell around $820K when all is said and done.

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