Click the following link to view details, map and photos of this listing: 4482 Hamilton Ct
- 05/02/1978 - Purchased for $53,500
- 05/02/2014 - Listed for $425,000
- 05/07/2014 – Went under contract
- 07/15/2014 – Sold for $419,800
There is nothing very special about this typical Martin Acres tri-level home. Built in 1960 in the William Martin Homestead subdivision of the Neighborhood this tri-level has 1,312 square feet, 4 bedrooms, 2 bathrooms and a carport. The unique aspect of this property is lot size and location.
The lot is just under a quarter acre in size (very large) and located at the back of Hamilton Court. Hamilton Court is a closed court which eliminates any through traffic. These back lots on the Courts are great because the curvature of the road allows for larger lots at the apex of the ‘u’ shape. This one in particular is interesting because it backs to the open space behind the High Mar Senior Housing development on Table Mesa Rd. There are pros and cons of this location. Pros are that the neighbor (High Mar) is further than the normal neighbor would be and that it is a very short walk to catch a bus on Table Mesa Road or walk to nearby shopping. The con would be that it backs to a commercial development which is unappealing to some folks even though it allows for a more open feeling. There is also a bit of traffic noise from Table Mesa and Highway 36.
This listing (4482 Hamilton) sold in July for $419,800.
There have been four tri-level homes (including this one) that have sold over the last 12 months. Here’s a link to the four sales: CLICK HERE
The sales ranged from 1280 to 1426 square feet and from $402,000 to $445,000. I feel that the Buyer who purchased 4482 Hamilton got a good deal on the property. Especially considering the large lot.
The house just down the road at 4457 Hamilton was much nicer on the inside but located close to a busy road and had a smaller lot. It sold for $429,500.
There was a 2800 square foot ranch house with a fully finished basement on a similarly large lot right across the street and it sold in August for $469,000. This basement did not show very well and the Buyer of this home got a very good deal. Price per square foot is about half of what it was on 4482 Hamilton. This goes in line with what we have been seeing this year which is that basements don’t currently have much value to them due to the floods and also the fact that many of the basements which have been on the market do not show very well. Here’s a link to a recent article I did on the subject: CLICK HERE
Need a market expert’s assistance? To set up a showing to see this home contact David Lorraine at: David@8z.com or call 303-502-7823.