Click the following link to view details, map and photos of this listing: 425 S 45th St
- 06/01/2014 – Listed at $500,000
- 06/04/2014 – Went under contract
- 07/21/2014 – Sold for full price at $500,000
This home was built in 1957 in the second phase of the Martin Acres subdivision. It is one of only 31 houses of this style. A two story Cape Cod design. About half of them have basements and half of them don’t. This one is listed as having a 700 square foot finished basement. There are 2 bedrooms and a full bath on the main floor and 2 bedrooms and a full bath on the upper level. The standout feature of these Cape Cod styles is the angled ceiling which follows the roofline on the second floor. It has that cozy feeling in the bedrooms upstairs where the ceiling angles down to waist height on the side of the room. So a tall person would have to duck down along the sidewalls. Location of this one is very good. Approximately halfway between Table Mesa and Martin so traffic noise is minimal.
This is the only Cape Cod style which has sold so far in 2014 so there’s not much to compare it to. There were five however that sold in 2013. Here’s a link to those five sales: Click Here
Last year’s sales ranged in square footage from 1600 to 3200 and the price from $418,000 to $538,000. Considering the arguably 10% appreciation which happened in Martin Acres the first half of 2014 I’d say these buyers paid a price they can be happy with. At least they were one of the lucky ones who got into a house this year for what I’d guess was a low interest rate.
Need a market expert’s assistance? Contact David Lorraine at: David@8z.com or call 303-502-7823.