Although situated in the secluded, and highly desirable, cul-de-sac of South Marion Way, this home sold for quite a bit less than the original asking price. It was simply overpriced from the outset and in this type of market (one that is fast-moving), homes that are substantially overpriced tend to stagnate, which is exactly what occurred in this instance.
The final sales price of $560k is on point with the rest of the neighborhood. At $160.41 per finished square foot, this home is a bit above the average in Broadway Estates, which is expected based on the lot location and size of the home.
This sale certainly won’t hinder home values in the neighborhood, but will most likely serve to continue their upward trend. Continued redevelopment in nearby areas, great schools, and fantastic amenities will keep this trend in a similar direction for the next while.
This property is Listed by Your Castle Real Estate Inc