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Archive for June, 2010
We recently closed on a home in the Murray Hill neighborhood for a young lady who was a first time homebuyer. The home she bought is a darling 3BR/1BA bungalow in the desirable neighborhood of Murray Hill. It was purchased by the seller in the high 100’s. After living there a few years, she tried to sell it amidst the rapidly falling real estate market and the house fell into short sale.
There was one very low offer on the home that did not get accepted by the bank but when the bank “countered” the low offer, they established a price that they would accept. This was put into the Multiple Listing Service (MLS) as a bank approved price and the young lady we were representing quickly wrote an offer on it.
After jumping through a few hoops and encountering a few stumbling blocks along the way, the sale closed in relatively quickly (about 3 months-which is for a short sale) on Friday of last week for $120K — one more property off the market, a great buy for our buyer and a happy ending to a short sale.
It’s rare that one of the crown jewels of Ortega Blvd. becomes available and we are proud to be the listing agents for one of the best homes on “the Blvd” (as it’s called by the locals).
Just listed at 3915 Ortega Blvd, this 4BR/3.5BA home is the epitome of classic elegance. Among it’s wonderful features are a grand entrance foyer, tall ceilings, formal living room with carved stone mantle, cozy library, slate patio, riverfront dining room, an incredible “river room” with walls of windows and fireplace, large kitchen, renovated master bathroom and professionally landscaped gardens. It’s situated on a high bluff with incredible vistas of the St. John’s river.
There aren’t many opportunities like this and we look forward to introducing this property to qualified buyers. If you’re considering a move to Jacksonville or looking to “trade up”, we’re standing by to be of assistance. Thanks for reading and we look forward to hearing from you.
Great News! We just listed a fantastic house on Elizabeth Place in Avondale that will knock your socks off. It’s a 3BR/2.5BA that’s been magnificently renovated including an incredible new kitchen and master bathroom. It’s got soaring ceilings in the great room, fireplace, walls of built in bookshelves, Pella windows, wonderful storage, professionally landscaped courtyard garden and more!
In additon, the house is located on a dead end street (no through traffic) and there’s a waterfront park at the end of the street — enjoy the river without paying riverfront prices! Priced at only $550K with absolutely nothing to do — a true turn key home, this one is likely to go fast. Please call me at 252-5181 or Caroline at 463-1898 for an appointment to see this very special home.
After a VERY quiet year in home sales over $500K in Avondale, there have FINALLY been a few sales in this price range. In the last couple of weeks, 1913 Greenwood closed for $ 586,750K and 3585 Richmond Street closed for $576K. The Richmond Street listing was with Ellen Walters of the Fred Miller Group and David Butler of Watson brought the buyers. With these two sales, the neighborhood will now have some “comps” (comparable sales) that appraisers can use and we hope that the landslide in prices has stopped. The price per square foot for these two sales was $232 and $229 respectively. The lot size of the two properties was similar.
Both of these homes were 3br/2.5ba homes with approx. 2,500 square feet. Both had garages and both had guest houses above the garage. The guest house on Greenwood was apparently in orginal condition and the one on Richmond street had some minor upgrades.
We’ve got a fantastic listing on Ingleside Avenue that has 3br/2.5ba with lots of upgrades – so if you happen to have “missed out” on either one of the houses mentioned above and are still looking, please give us a call. At $644K and 2,940 square feet, our asking price is $219psf AND our guest house and garage are NEW! The two most recent sales were at $229 and $232 per square foot.
Thanks for reading! If you’d like to get the latest and greatest about what’s going on in with real estate in Avondale, Ortega and Riverside, please give us a call! We’d love to help you find or sell a home in the neighborhood!
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