There is a house kitty corner across the street from my parent's house that just sold for $738,000! This is NOT a $738,000 neighborhood. This is a $250,000 to $450,000 neighborhood. We always called this house The Castle, yes in capitals. It had a turret in the middle for the front door area and it went up two stories. The bottom story was done all in brick and the second story looked more like a Swiss Chateau. It's on 3/4 of an acre.
It is a gorgeous house on the outside, but it is not a nicer house on the inside than other neighborhood homes and I don't get why it would sell for such an outrageous amount of money. Most homes in the neighborhood were selling for around $350,000.
It is on the busline, 1/2 mile from the nearest grocery store, 2 blocks from the elementary school and 2 blocks from the hospital, all which raise value a fair bit, but also 2 blocks from the domestic violence shelter which lowers it. So for the most part it is very well located. But still, it seems whoever bought it paid twice what is worth.
My husband's uncle was the realtor on this one. He makes a 6% commission. Not bad for two months of work!
I just hope this ridiculous sale price doesn't cause property taxes to rise in the neighborhood. They're already too high there.
Who Bought This?
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