Friday, April 22, 2011

MLS SALE: 728 JAMES LANE - ASK: $799,000 SOLD: $750,000

This 3 bedroom, 2.5 bath, 2 car garage home is 2,451 square feet and partially remodeled.  It is located in popular Lakeview subdivision on a large site.

The sale price of $750,000 for this home is interesting when it is compared to sales of popular free standing townhomes (Incline Creek, Country Club Villas, Lake Country).  The townhome / villa style properties are approximately the same square footage, are much newer, and require less babysitting in terms of maintenance.  As a second home the villa / PUD style property trumps an older home on large, well located lot these days.