Monday, March 1, 2010

King's Grant Closing Good for Everyone

New Benchmark Comp in King's Grant - 70 Somerton
YAY!! Every King's Grant homeowner will be happy to know about the sale of 70 Somerton Place. This awesome home will serve the the neighborhood well as it fetched a nice $$$/ft.

For a few months King's Grant had 20+/- homes on the market which was a little uncomfortable. The number has come down a good bit but in the process, the price/ft took a small dip. Not since the simultaneous sales of 460 King's Grant Dr., 600 King's Grant Dr. and the awesome home on McKay's Pt. has the neighborhood seen a comp at almost $180/ft/

70 Somerton is a former Parade of Homes participant, completely spotless and backs up to the 'woods side' of the Somerton loop.

This King's Grant beauty is boasting a sales price of $670,000 which translates to $178/ft. I'm looking forward to phone calls I'll be receiving over the next year from appraisers. Congrats to the owners of this home anyone that can use it for their next sale or appraisal.

I'm obviously proud but even happier for the neighborhood. Give me a call or shoot an email if you'd like to know more about the inventory or trends in King's Grant. Just FYI...our listing on Tombee Ct. is also Under Contract and scheduled to close at the end of this month.

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