The Anti-Rambler Where: 3504 W. 22nd St, just west of Cedar Lake How much: $799,000 What: 4 BR/2 Bath Contemporary with 2,433 FSF Listed by: Cotty Lowry (broker: Keller Williams) When: on market since June 18 Frequently, the best way to market a home is to visualize who the likely Buyer is — then market...Read More
How Close is Too Close? I expected the question sooner or later, but I officially received my first, “how is the [Southwest] light rail line going to affect my property value?” inquiry from a Cedar Lake-area homeowner this week. No doubt, the impetus was a series of public hearings the last few weeks that seemingly...Read More
Exactly Where Are All Those $206k New Homes?? As [new home] sales rose, median prices . . . continued to fall, slipping to $206,200 from $232,100 in June a year ago. –Jack Healy, “New U.S. Home Sales Rise Sharply as Prices Fall“; The New York Times (7/27/09) The big financial headline today is an unexpected...Read More
A Tale of Two Homes Where: 29xx Benton Blvd, just southwest of Minneapolis’ Cedar Lake What: 4 BR/4 BA; 3,100 FSF Colonial built in 1939 How much: sold for $641k (July ’09); originally listed for $925k (April, ’08). Tax assessed value: $849k. Not convinced that overshooting on asking price can boomerang on a Seller (especially...Read More
Submit Your Offer . . . Then Wait (and Wait)Where: 29xx Ewing Ave. South, in Minneapolis’ Sunset Gables neighborhood (just southwest of of Cedar Lake)What: 1932 Tudor with 4 BR/4BA and 3,400 FSFHow much: $425k list priceTax assessed value: $547.5kWhen: went pending 7/21/09 Yes, the Kitchen was a bit dated and the home had some...Read More
Get Out the Binoculars This $1.495M home just west of Minneapolis’ Cedar Lake has lots to recommend it: five bedrooms and baths, over 6,000 FSF, a deluxe Kitchen, and heated pool — all on a double lot. However, “spectacular views of the Minneapolis skyline” — the caption accompanying the photo above — certainly seems to...Read More
