Comparison of home prices in this price range ($300 K - $700 K)
There are about 30-50 such homes on the market in this price range at the current time (July, 2009). You can obtain all the information you need to draw exactly the conclusions noted below from Stillwater's Master List (a locally published guided that appears each week), Craigslist, http://www.forsalebyowner.com, realtors.com, and other places. We have compiled a list which you can obtain from us by email request. The averages are as follows:
Price range: $350,000 - $800,000. Using the ~30 houses currently on the market in that price range as of July, 2009, the following are the averages for houses built 1994 - 2008 (parentheses are the values for 5625 N. Hunters Ridge)
| Sq.Ft. 3522 (3826) *** Land area 1.5 acres (2.99) *** Asking Price $438,129 ($479,000) Price without land $422,126 ($406,370) *** $/sq ft with land $125 ($125) *** $/sq.ft without the land included $113 ($106) *** Distance to commercial/cultural center in miles 5.1 (4.6) *** |
You can see from the items with the 3 stars *** where 5625 Hunters Ridge compares favorably to the average of all other homes in this price bracket. This does not include any allowance for the view. By looking at the construction price without the land included (we have used $27,000 per acre as the land value, although it is more likely $32,000), you can obtain a better idea of what your cost is for the actual construction. |