Tag

Tear down

New Construction “Before” & “After”

Tear-Downs Spread to Less Expensive Neighborhoods, Busier Streets Literally one day after the Golden Valley home pictured above sold for $77,000 last month ($2k over ask), the new owner listed the to-be-built new construction on MLS (photo, below). Asking price:  $449,900 for 5 BR/4 Baths and almost 2,900 finished square feet. Not a bad bump,...
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Guess How Much?

Test your knowledge of the Twin Cities housing market, and guess the list price of this 3 BR/2 Bath 1955 rambler with 1,830 finished square feet (it debuted on the market this afternoon): A. $119,900 B. $179,900 C. $249,900 D. $699,900 Before I provide the answer, here’s a helpful clue:  the home sits high above...
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Twin Cities New Construction Overheating?

New Home Premium vs. Busy Street Discount Take a rejuvenated Twin Cities housing market and a dearth of buildable lots in desirable, close-in locations, and what do you get? New construction on busier streets like Xerxes (South Minneapolis/Edina), France Ave. (ditto), and Minnetonka Boulevard (St. Louis Park). New Construction Boom Are such homes a good deal? It...
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Local Builder Backlog?

“Full Plate” Syndrome (Unrelated to Thanksgiving) When a old, undersized house in a hot neighborhood for tear-downs and new construction fails to sell right away, what might be the explanation? In fact, just such a home debuted on the market near Minneapolis’ Cedar Lake this week. One possibility is that the home is overpriced. Theory...
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New Construction off Midtown Greenway: THERE it Is

In a post last Fall titled, “2nd Story Coming Soon?“, I speculated that this Dean Parkway rambler (above) just north of the Midtown Greenway would be super-sized. It turns out my timetable was premature, and that the existing home was destined to be scraped, not expanded. But my instincts were right. Here’s what the site...
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I Guess it Really Was a Tear-Down (I Mean, “New Construction Opportunity”)

Back in (snowy) March, I noted the sign (above) heralding a “new construction opportunity” in my post, “Real Estate Euphemisms — New & Improved.” Sure enough, four-plus months later, a new home is going up on the site, just south of Minneapolis’ Lake Calhoun. Or at least the beginnings of one — for now, the builder...
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