Type:   Traditional

Age:   New Construction

Location:   161^st Street and Carey Road

Neighborhood:   Oak Manor offers a community pool and clubhouse.

Square footage:  5065 including 1720 in the finished basement

Rooms:  This four bedroom home has a main floor office, upstairs bonus room, finished walk-out basement with a full bath and room for a home theater, master suite with sitting room, pond views, and a three-car side-load garage.

Strengths:  This is a builder’s spec home that has never been lived in.  It is an attractive value and could not be rebuilt for the same price.  In my opinion, the property tax cap will help these suburban neighborhoods immensely and may improve the monthly payment by as much as $500. 

Challenges:  There are vacant lots in the neighborhood so a potential buyer will have to deal with future construction traffic.  The supply of area homes in this value range has forced builders to price homes aggressively.  Home resellers need to keep close tabs on the builder market to price their home competitively. 

WHAT’S IT WORTH?    $495,000

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