4118 N Sunset Cliff Place, a model-perfect 2,904 sq ft two story home with swimming pool, closed escrow yesterday. Final sales prices was 425K. It goes to show that if you price your home right and assure it truly sparkles, it will sell fairly quickly. This one only took 2 1/2 months to sell.
Today Luxe Magazine arrived through the mail and after dinner, I took at look-see. And low and behold on page 206 was the “Glass House” which is located on the corner of North Quail Canyon and North Boulder Canyon. I’ve been dying to go in this house and know the owners from London are quite nice. The home is amazing and is 7,310 square feet to boot! I would never have thought a home that large could fit on that homesite which has gorgeous Sonoran mountain, desert and city views. And of course, the architect is Tucson’s finest in contemporary design: Kevin Howard, and the home took almost two years building time by McCleary Homes. Open your magazine and be awed! I know the views are even better than the pictures reveal.
It is a great time to buy in beautiful, gated Sabino Mountain. Interest rates for conforming, 30 year fixed rate loans are at near the bottom of an all-time low at 5% with 0 points. Conforming loans are those for loans up to 417K. Jumbo loans are less than 6% for loans from 417K – 650K, which is the lowest it has been in the last few years.
Coupled with the tax credit of $6,500 for couples with incomes of less than 220K who have lived in their present residence for 5 out of the last 8 years and who are purchasing a primary residence, this is a great opportunity that goes beyond the 8K credit that is only for first- time home buyers (who have not owned a house in the past 3 years).
If you would like to explore the Tucson housing market, give me a call at 520-918-2410. There are a lot of good housing opportunities out there.
4338 N Sabino Mountain Drive is no longer for sale. This ridgetop home was priced at $1,295,000. Now there are three homes priced over a million that are for sale in our neighborhood.
Although the number of homes priced over a million in the Catalina Foothills remains about the same is a year ago, final sales prices are definitely lower. Only the most competitively priced homes are selling.
I find it remarkable that there are so many homes for sale in Sabino Mountain that are not priced competitively. If your home is for sale and you have any doubts whether the price is right, have your agent take you out to preview homes that are in competition with your home. There is no doubt about it, if it is overpriced the chance of it selling is almost nil, and as time goes on the listing gets stale, and even if you do reduce the price, you will net less than if you price it right to begin with. The present market conditions are such that if you are serious about selling and you can not price it competitively, you need to take your house off the market until prices appreciate (could be a few years) or rent it out.
I will be holding my new listing at 4128 N Sunset Cliff Place ($459,000) open this Sunday. This 2,965 square foot, two-story Monterey-built home has a sparkling, pebbletech, heated pool with waterfalls and in-ground cleaning system. The outdoors is majestic with custom BBQ and tranquil English-Desert Garden. The home is very upgraded by the original owner. The first floor master suite is luxurious and overlooks the garden. Come see Sabino Mountains’ best home in the price range. Call 603-8622 to get the gate code. To view photos, more information and the brochure of this beautiful home, go to my website at the bottom of the first page– www.DonnaAnderson.com.
Another two-story Sabino Mountain, Monetery -built, 2904 square foot home was just listed for sale for $439,000 at 4221 N Sunset Cliff Drive.
4318 N Ocotillo Canyon Drive, a Pepper-Viner-built one-story home was reduced down to 435K; it is 2,379 square feet.
The most expensive home on the market is located at 7605 E Crested Saguaro, in “The Retreat”, an exclusive enclave in Sabino Mountain, has been reduced to $1,695,000; it started on the market at $2,195,000 in October 2007. This home was built by Outpost Builders, that built all the houses at “The Retreat” and also built many other custom and semi-custom homes scattered throughout Sabino Mountain.
If you do not list your home at the right price-point, it simply will not sell. Unfortunately more than half of the houses on the market at Sabino Mountain are over-priced.