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Monday, December 7, 2009

7851 Coddle Harbor Lane #19 - Inverness Knolls - $294,900


Posted Remotely from Sunny Dallas, Texas

Listed by Long and Foster

Google Map Here

Who knew there were 2 bedroom condos in Inverness Knolls? It was tough to find this unit, as it is behind and underneath town homes from the street. There is a whole line of these rear units that are set up as 2BR condos.

The walk around back to find this unit is interesting. There seems to be a lot of personality on the outside of the other units along the walk. Some over the top gardening and decor had me thinking if there was really a condo association that kept a reign on what the place looks like.

The condo has a small fenced front entry with a slate patio in front. The unit is not unattractive with a lovely brick veneer. The front door is freshly painted, foreshadowing a complete rehab inside.

This small 744 square foot unit was completely gutted. A combo Kitchen, family room and breakfast area takes up the front of the condo. New wood floors and an attractive stainless and granite kitchen look great. There is decent light, even with the dense woods in front and the unit has been professionally staged.

The 2 bedrooms are very small. I wondered if it would be better to consolidate the two rooms into one. The bathroom is small, but completely redone as well. Looks nice!

This is a nice, albeit small, two bedroom condo. I am not a fan of the physical location of the unit, but the community location is great. At $300,000 they are asking top dollar. I am wondering if it would appraise at that price. The assessment of this property is only $200,000 for 2010.

I think it makes sense for the seller to shoot high and see if he can find a buyer. If this place has not sold at this price yet, it is priced too high. I see this one selling for between $260k and $270K when the papers are signed.

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