When considering any home you should decide if the home fits your needs and lifestyle first and most importantly budget. When a home meets your criteria, then one must decide the value that you place on a home. How value is decided from one buyer to another is very different. Custom homes like these are often made to a owner's specific needs. If they fit yours, great! An easy way to come up with value, is 1) take a look at the comparable sales in the neighborhood 2) compare the home to others listed in the same neighborhood, if many for sale, subtract value, if only home for sale add value. Also, Ranches garner a special premium, as they are much more expensive to build. As well as King elementary school, right now there are only 28 homes available in the whole district. When you compare that to other school districts within AA, it is very low, thus showing a high demand for the school.
The seller's paid $779,000 in 2000, not including landscaping etc. Right now we are at prices hovering around 1999. The only way to know if the seller is firm about the price is to make an offer. Maybe you have already done this.... If you have, then you must decide if the home is what you are looking for and willing to spend the money. Ultimately you are going to be paying the mortgage and the home better be great!
I would be happy to speak to you further regarding this home or others.
Jackie@bouma.com or 734-761-3060