Would You Like To Be My Neighbor?

[billroper]

The just-slightly-smaller house three doors over from ours is on the market here. Apparently, he's added a bedroom and a full bath in the basement. I didn't know that it was legal to add a bedroom in the basement, but...

I'm thinking he may be a bit optimistic in his pricing. If not, then this house is worth a lot more than I thought it was.

Comments

[rmeidaking.livejournal.com]

Zillow.com thinks that house is worth $529K. It has priced all of the houses on Citadel Court between $465K and $550K.

People who are selling homes themselves are notorious for over-pricing their houses. I think this is the case here. Given that he would want some room for negotiation, $599K would probably be a better asking price, given that it's the beginning of the spring shopping season. OTOH, given what mortgage interest rates has done to housing values, who knows what the house is worth. Zillow dropped the value of our house by $75K this spring. (I am hoping I can get a drop in my assessment value, too, but first a comparable house has to sell in my neighborhood, which hasn't been happening.)

[jrittenhouse.livejournal.com]

Zillow thinks our (in Lisle) is worth $300k; we paid about $180 for it in 2002. It's probably a little high, but not much; the location is probably the big factor, as they're doing a ton of teardowns in Lisle. (The outside of the house is nothing, but we put a lot of money into redoing the inside.)