Guess #2: How Much?
Owner’s suite w/Large Bath & Walk-in Closet. Open Floor Plan w/9′ Ceilings. Granite/Stainless Kitchen w/Undermount Sink/Peninsula. Barrel Ceiling.
–Excerpt, MLS Listing
Based on the accmpanying photos and marketing language (above), guess where this new single family home with 4 Bedrooms and 3 Baths is located:
A. Linden Hills in Southwest Minneapolis;
B. Morningside in Edina;
C. St. Louis Park’s Fern Hill neighborhood;
D. North of Minnehaha Falls in Minneapolis’ Longfellow neighborhood;
E. St. Paul’s Mac-Groveland neighborhood.
Stumped?
OK, here’s a BIG clue: the list price is $349,900.
If you know the Twin Cities housing market, you know that that instantly eliminates A, B, C and E; such a home would be anywhere from $450k to more than $600k in those neighborhoods.
Which leaves “D”, close to light rail, Minnehaha Falls, and the Mississippi River in Minneapolis’ Longfellow neighborhood.
P.S.: That list price for new construction works in Longfellow because the land costs are so much less.
How much less?
The builder of the new home paid $38,000(!) to buy and tear down the previous home.
