I love open houses. I don’t get as much time as I used to, to drive around and check things out every Saturday/Sunday. I find it interesting to see what people did to their house, and in addition to see what people think their home is worth. Numerous things I’ve got in my current house are a direct reflection of things I’ve seen at other open houses.
The above picture intrigues me. Its of a new listing for 30932 Via Serenidad, which came on the market asking $4.4mil. Why does it intrigue me? First off, until a few years ago I would have never realized I needed a chandelier in my bathroom. This picture should hopefully explain how a properly done chandelier definitely make a nice touch, nay, a must have. Next, its got a fairly large TV. Again, until recently this was just a luxury item. Now its more common.
This house kicks it up to 11 though. It adds a chaise lounge. Now while the lounge cannot watch the TV, it still makes perfect sense to me. I’m guessing those bottles on the towel rack are not adult beverages. But if I were to move in…
More importantly, the thing I notice on this house… you look at the above $2mil market in Coto and there are alot of homes which, quite honestly, have a price which is not in touch with reality. You go above $3mil and above $4mil and you see more of this. I know, because there are few sales, its very hard to figure out what these homes are worth. You also have few buyers, so the homes are expected to sit on the market for a while. Many of the higher priced homes in Coto are older and need some TLC. But this house I look at, and at least on the MLS pictures you start to see that this home appears to be very well thought out. The detail (as far as I can tell on MLS) is there. The yard looks nice, the house looks nice, its decorated very well. It has a chaise lounge in the bathroom.
While $4.4mil is more than I can ever fathom, given some of the other prices in Coto, it doesn’t seem like it might be that out of touch. Granted, from a spec standpoint its competing with homes like 6 Fresian and 8 Hunter… homes which appear very nice and are priced significantly less… but I’m not sure that comparison is apples to apples.
30932 Via Serenidad had an open house yesterday from 4pm-6pm. Unfortunately, I pulled into Coto at 6pm and missed it. Did anyone check it out? If so, any comments?
cdcrez
July 30th, 2010
Ta, ta, so little experience. You watch the tv in the miror from the chaise lounge. That is how I watch Bloomberg in the morning, but not from a chaise lounge. It can be a bit of a fright reading the numbers backward and every now and then I have an instant anxiety attack.
Stuck
July 30th, 2010
This chaise does require mirror viewing to the TV, but in this high end price range, they recognize that you will sometimes be tempted to turn around and see the Bloomberg figures in a more readable fashion. This will cause physical stress and sweating in larger rich guys, so next to the chaise, you have a large assortment of towels. When the towels run out and the tension remains high, there is apparently a little bar counter on top of the towels so you can whip up a drink. THIS is why this house is worth so much more….it’s the little touches that add the big bucks in value.
C Delroy Spuckler
July 30th, 2010
Stuck, I would be honored if you would be my interior decorator on my next home.
Maybe I should buy that lot on Apuesto and build a big Hillhurst replica. You could be my Kato Kaelin if you want.
Off to go buy some lottery tickets.