“Not a Drive-By” Quick, test your knowledge of Twin Cities real estate, and guess how much the single family home pictured above is listed for: A. $149,000B. $249,000C. $419,900D. $599,900 Give up? Here are three more, very significant clues: 1) the home has been completely remodeled; 2) it’s located in Minneapolis’ tony Kenwood neighborhood (just...Read More
“Not a Drive-By,” IllustratedIn contrast to the Hopkins home discussed in the next post (“It’s Listed for HOW MUCH??”), there’s no hiding the garage on this Linden Hills home. Which would explain the lead shot on MLS — a pretty, azalea-framed shot of Lake Harriet — combined with this comment in both the Public and...Read More
Making Sure That “Ugly is Only Skin Deep” No matter the price bracket — OK, maybe not at $5 million-plus locally — virtually every home represents a list of trade-off’s for prospective Buyers. Better location, smaller size. More square feet, worse condition. Great condition, not as good location. And so on. So, of the various...Read More
From More Square Feet to More Volume, Cont. I’ve discussed previously the trend toward homes not necessarily with more square feet, but more “volume” (higher ceilings, more and larger windows, wider stairs and halls, etc. — see, “Not More Square Feet, More per Square Foot“; “Cranking Up the Volume“). That trend applies to the exterior...Read More
Ordering Off the Real Estate “Menu”No, it’s not what waiters in restaurants are hearing. It’s what would-be Sellers are telling their Realtors. “They,” of course, are the owners of a neighboring home that sold a year — or three — earlier. Aside from selling in similar market conditions, if you “want what they got,” you...Read More
What’s the Catch? (Hint: There’s 2) Where: 31xx East Calhoun Parkway in South Minneapolis What: 5 BR/4 BA with 4,500 FSF on .29 acre lot How Much: originally listed for $925k on 9/21; just dropped to $825k yesterday Who: Broker – Edina Realty; Agent – James Keane Even in a soft market for upper bracket...Read More
