one of a kind show home in prime main st. location. this effectively new, contemporary home was designed by renowned architect d’arcy jones. the home was lifted and entirely rebuilt including all 4 outer walls. the ceiling was raised exposing the 110 year old wood beams which were sandblasted and incorporated into the design. features include all new foundation, plumbing & electrical, windows, rainscreening, exterior cladding & roof. radiant heat concrete floors, on demand hot water system, full size laundry room, wolfe & sub zero appl. & custom cabinetry. due to its modern design & tall ceilings, this home feels much larger than its sq ft suggests. house has 3 bedrooms, and den, 2 1/2 baths and clever built-in storage. sunny south facing patio.
the listing states that this house is not yet completed. please mr. builder, think twice before building this house. Just look at how ridiculously busy the facade(s) are. why do we need all those gables? it seems that all designers around town do is draw a plan and not even think about the outside of the house. oh, and putting gables and box windows everywhere does not make the building look more attractive. now for the buyer who is going to buy this house, let’s do the math: listing price $ 3.9 million! i just fell off my chair.
property value is $ 1,311,000 (from vanmap) – $ 3,985,000 listing price = $2,674,000
do you really think the builder is going to spend anywhere near even $2,000,000 on building this thing?
the listing states that the house will be 4475 sq.ft., so even generously at $250 per square foot construction cost comes out to only $1,118,750.
that means someone is still pocketing about $1.5 million. i should be a builder / developer!