Home Buying in Rotonda West>Question Details

Norma Bertuz…, Home Buyer in Outside U.S.

why did 178 broadmoor lane in rotonda increase in price from 300,000 to 350,000? it seems strange

Asked by Norma Bertuzzi, Outside U.S. Wed May 13, 2009

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3
According To Hoyle Group’s answer
My guess is that it may have been a short sale and the lender did not approve the original asking price so they raised it based on current market value.
If you would like me to research this in depth, call me, Bill Hoyle of The According To Hoyle Group at: 941-235-3528
Regards,
Bill
0 votes Thank Flag Link Thu Nov 5, 2009
Hi Norma. It looks like the price was raised to be more in line with the comparables in the Rotonda area. There are 3 other similar homes - 3 beds, 2 baths, Pool, 2500+ square feet, on a canal in that area listed for $330,000 to $360,000. This home was built in 2006 and the others in 1998 and 2000. The one for $360,000 is on a double lot. Homes in this area with similar characteristics built between 1996 and 2006 have sold this year have for between $200,000 and $360,000. This home appears (from available data) to be very nicely built and is the newest one available. It could easily be price anywhere between $300,000 and $350,000. In this market at this time considering that it was already priced at $300,000 you could make making an offer between $275,000 and $300,000 and nobody's feelings should get hurt. I hope you will call me when you are ready to buy. I can help you get the right home at the best price.

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Bill Arther
Keller Williams Realty
941.661.3643

Check out my website at http://www.BillArther.com
0 votes Thank Flag Link Mon Jun 29, 2009
It was listed on 5/5 for $300k then on the 8th changed to $350k. May have been entered wrong then corrected. If you need additional information on this or any other homes in the area feel free to contact me.
0 votes Thank Flag Link Wed May 13, 2009
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