After you've watched that spectacular video, here's something to bring you down to Earth: a builder built a home on the wrong lot! Two surveyors surveyed the land, and despite all the modern "gee whiz" GPS technology they both got it wrong. The builder went ahead and built a lovely home in the wrong place, and now the happiest people in the neighborhood are the lawyers. So many people to sue! So much confusion! Click here for the full story.
While this story may sound far fetched, I have actually encountered multiple errors of surveyors in my real estate career. One in particular I recall when a surveyor neglected to put on the survey that the parcel was in a FEMA (Federal Emergency Management Agency) flood zone! Something that's "slightly" important to know when building structures on a property.
While these sorts of egregious errors are rare in Paradise Valley, this serves as a reminder to (1) never choose your surveyor/inspector/engineer based on price; (2) work with an experienced agent.
Closings
This was a very interesting week in Paradise Valley real estate. Yes $14.5 million is a healthy week of closings, but that's not what really caught my eye. Rather, what's quite noteworthy is that the least expensive sale last week was over $1.4 million. Normally we will see at least a few properties on the lower end of the price range, be they teardowns, or in sub-par areas. So quite a strong week, though one has to dig a bit beneath the surface to see that. The average was just over $1.8 million and $344 per square foot. The weighted average year of construction was 1991.
Last Call!
Take advantage of this spectacular opportunity before the seasonal buyers return. I do this every day, and I know there isn't anything comparable on the market. Absolutely stunning contemporary home backing to the Phoenix Preserve. City views in front, and a tranquil mountain setting in the back. Last chance to get an advance look at this home before it goes on the MLS. Offered at just under $2.8 million.
--> Please click here for pictures
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New Listings
There were an unusually high number of new listings in this past week -- 28 -- ranging from $1 million to $16 million.
As long time readers know, I am tough to please, and don't generally recommend a lot of homes. However, there are quite a few this week that look very interesting, so I encourage you to look at the entire week's listings at the link below.
Lest I lose my reputation for being the "Simon Cowell of Paradise Valley real estate" I will highlight just a couple this week that are the best of the best:
Exceptional Mediterranean Villa On a privately gated cul-de-sac with mountain views, this 7,200+ square foot custom home was built to the highest standards. Amenities include: his & hers offices, guest house, exercise room, 5 car garage, Crestron home automation and more. Offered just under $5 million.
Modern Masterpiece Glass floored entry allows you to ''walk on water'' before entering the great room with 20' ceilings and glass walls. The backyard boasts a spectacular black granite slab, infinity pool, separate spa, streams and water features set among lush desert landscaping. Views of Camelback and Mummy Mountains. Offered at $4 million.
To see all of this week's new listings please click here.
To see everything on the MLS in Paradise Valley please click here.
That's all for this week, I'll be back next week with all the latest in Paradise Valley real estate.
Thank you,
Alex GoldsteinSearchParadiseValleyProperties.com iParadiseValley.com
(480) 442-7325
p.s. Do you know anyone who would enjoy reading this newsletter? Please reply with their email address and I will add them to the subscription list. Alternatively, you may send them to iParadiseValley.com to sign up. Thank you :)
(c) 2014 Alex Goldstein PLLC
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