Thursday, October 8, 2009

1320 Kenwood: Price Reduced $300K. How Do You Put a Price on a Labor of Love?

1320 Kenwood Lane, Charlottesville, VA 22901 - $799K from $1.1Million
4 bedroom, 2 bath, 3170 square feet

An article about 1320 Kenwood Lane appeared in the September issue of C-VILLE's Abode.  In the article, the owners are said to want to sell so they can relocate to California.

Great news! At this point, California's housing prices have collapsed so much that these folks will get more bang for their buck there than here.  Median prices have fallen 50% from 2007 in Southern California.  Whee!  

This corruguated steel and bright blue modernist creation sits in the Greenbrier neighborhood, among ranchers that sell in the mid-200's to mid-300's.  It's a central location for the City, but as somebody mentioned over the summer,  Greenbrier is not a million dollar neighborhood....
To read the Abode article, Google "September 2009: Strong as Steel" by Erika Howsare (can't get the link to translate here). The Trulia listing is here; it will expire upon sale of the house.

A pic of house, courtesy/cophyright CAAR:
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The details, via/copyright Trulia.
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Related Reading:

Q3 2009: Dismal Sales and Falling Prices
Higher Priced Homes Sell at Snail's Pace
Case-Shiller Home Price Graph

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