Discounting for an Achilles Heel

Normally, homes in Edina’s tony Country Club neighborhood fetch anywhere from $300 – $400-plus per square feet.

The home pictured above, located at 49xx Sunnyside, is selling for $200 a square foot (divide the $850k asking price by 4,233 square feet).

What gives?
It’s located just east of Highway 100, and has a highway sound barrier wall running the length of the (back of the) lot.

Enticing Discount

While that’s certainly a drawback, the 40% discount also represents an opportunity for the right Buyer (I was just in the home, and the freeway actually isn’t much of a factor).
The fact is, every home is a trade-off between multiple, competing factors: price, location, size, condition, and floor plan.

Someone who wants a bigger home in Country Club — on a cul-de-sac yet! — but doesn’t have $1.5M just might find it intriguing.
Amy Deckas and MaryBeth Goulett of Edina Realty have the listing.
About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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