New construction a bright spot?
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This Ryan home in the new Crozet-area Westhall neighborhood was offered at $279,900 and sold for $317,458. Though the local market is still seeing a number of short sales and foreclosures, the listing agent notes that new construction sales seem relatively strong.Samantha Masone
Lillie P. & Edward L. Early II to Bank of America, 1538 Broad Crossing Road, $199,800 (foreclosure)
Alf H. & Evelyn G. Hendricksen to Bank Of New York Mellon, 2975 White Oak Lane, $392,936 (foreclosure)
Kaissar S. & Anita M. Ibrahim to Paul H. & Anne Y. Sartori, 435 White Gables Lane, Unit 202, $490,000
Brandi R. & Larry R. Kirby, Jr. to Federal National Mortgage Association, 1167 Blue Ridge Avenue, $169,983 (foreclosure)
Alexander E. & Ruth Annick S. Salomon to Federal National Mortgage Association, 4567 Blenheim Road, $243,157 (foreclosure)
Faye S. Wojdylak & Nelson C. Shifflett to Curtis C. & Stephanie Shifflett, 3102 Burnley Station Road, $112,800
Robert F. Burgess, Jr. to Beneficial Financial I, Inc., 1745 Grapenut Lane, $123,700
2/6/2012
Albemarle
Carriage Hill I Condominiums LLC to Edward A. & Patricia M. Defeitas, 830 Beverley Drive, Unit 103, $204,000
Citimortgage Inc. to Susan Taylor, 4330 Presidents Road, $55,000
Federal National Mortgage Association to Jose A. Torres, 141 Hessian Hills Circle, Unit 3, $68,000
2/7/2012
Albemarle
Ronald P. Gibson to Nathan & Emma Katherine Campbell, 11 Langford Place, $385,000
2/8/2012
Albemarle
Albemarle One LLC to Brandon J. & Anna L. Flasco, 838 Roberts Lane, $93,960
Federal Home Loan Mortgage Corporation to Andrey A. Kulygin, 3351 Worth Xing, $157,000
Jeffrey T. & Kimberly S. Maples to Diane H. Fletcher, 1141 Arden Drive, $300,000
2/9/2012
Albemarle
Nelson J. Kane to Katherine A. Kirshberger, 682 Lockesley Terrace, $105,000
NVR Inc. to Eric Michael & Amy Renee Husted, 5517 Summerdean Road, $317,458
2/10/2012
Albemarle
Sunny Hill Land Trust, Carolyn C. Musselman & Frank K. Birckhead Trustees, to Virginia National Bank, 1580 Seminole Trail, $1,200,000
Old Trail Creekside III LLC to Peak Builders LLC, .461 Acres, Lot 17, Phase 2 Creekside, $160,000
John T. & Susan M. Steedman to John Peyton Martin & John M.D. Martin, 307 Gloucester Road, $202,768
2/13/2012
Albemarle
Melinda H. Cardell to Ruth G. Fogelgren, 315 Eastbrook Drive, $226,000
HSB Bank USA to Carey F. & Robert R. Bailey, Jr., 390 Wildwood Court, $170,000
2/14/2012
Albemarle
Craig D. & Barbara B. Williamson to Bradley C. Savage, 272 Lakeview Drive, $230,000
Deep Acres LLC to Cynthia A. Cass, 2.304 Acres, Lot 2 Old Ballard Farm, $200,000
2/15/2012
Albemarle
NVR Inc. to James F. Paradis & Kimberly Paige, 1467 Wickham Pond Drive, $246,469
Michael A. Toth & Phoebe Allen-Toth to Daniel Eugene Newton & Virginia Page Chichester, 2021 Locke Lane, $265,000
Weather Hill Homes Ltd. to NVR Inc., 304 Patriot Way, $78,000
2/16/2012
Albemarle
Kyle N. Miller to Robert A. Barrett, 141 Scarborough Place, $149,500
Loretta G. & Arthur L. Starkes to Deutsche Bank National Trust Company, 2426 Huntington Road, $254,000 (foreclosure)
Belvedere Station Land Trust to Warren T. & Chloe L. Leback, .095 Acres, TM 62G-1-5A-136, $110,000
Belvedere Station Land Trust to SHR9 LLC, 1085 Farrow Drive, $110,000
2/17/2012
Albemarle
Ruth Stephenson, Trustee of the Ruth Stephenson Living Trust, to Talia Jade Nowicki, 1218 Clifden Green, $120,000
NVR Inc. to Lora D. Baver, 1471 Wickham Pond Drive, $239,595
Sanjiv Bhatia to Federal Home Loan Mortgage Corporation, 1421 Darley Row, $417,958 (foreclosure)
William L. & Catherine S. Gibson to Sarah W. Tayloe, 3282 Sandridge Drive, $32,000
Nadine P. Ellero to Elsie V. Hopkins, 3400 Moubry Lane, $205,000
13 comments
Geez that's an ugly house!
$279K ask and they paid $317?
I can't beleive a lender would sign off on that. And anyone with that in cash wouldn't be so stupid.
Why now just wait a week and Ryan can press another one out of the cookie-cutter?
A dealership in Fredericksburg has a nice 3/4 ton Suburban I am looking at. The price is $53,000 out the door right now. I think I will just go back tomorrow and give them $60,000. Makes about as much sense. What am I missing here? Pay more for a house than the asking price?
Makes no sense--can only assume they loaded it up with a bunch of higher end furnishings not reflected in the original ask, right? Or maybe Ryan Homes just sold a home to the world's worst negotiators.
There are people around who think the appreciation fairy still comes around.
Given that Ryan and other "glue, chipboard, and vinyl" builders are still building despite the enormous glut of unsold houses in this area, tomorrow's buyer will buy another new one and this one will join the foreclosure parade when selling at a loss is the best the new owner can do.
Today's article has some interesting items pertaining to foreclosures. You have one in Glenmore back to the bank for $440 some odd down from prior assessments in the mid $500s. Then you have 141 Hessian Hills Cir., unit 3, sold by the bank this month for $68K after being taken back for $126K owed last November, having sold to the last sucker for $143K in 2007.
With many owners unable or unwilling to take a beating and hanging on, some of whom have gone over to renting their places, you'd imagine new construction would lag more than it has, but housing is one area of the economy whose market is driven by emotion, not reason. 1/3 of a million dollars for a piece of dreck like that house in Crozet is insane...
It's insane to plan on living in it for 30 years until it's paid off, and insane to buy it with the idea of moving on in 4 years...
I love when real-estate people pander to the public thinking someone actually believes what they say. "Strong"? compared to what ? 1930? So some fool pays more for a house than what its worth and the market is strong. Don't ya just love the desperation?
Fortunately or unfortunately there are some people with money right now, and they might not be those who have as much sense because they didn't have to earn it all. Right now what I see is a market for properties that are turnkey. Time counts, and folks just don't want to deal with their busy lives at the moment.
Ryan typically "offers" a house shell and then racks up the price when the buyers decide that a vanilla shell is not quite what they're looking for. Gets folks in the door and into the big sell. Seems to work like a charm. It's surprising that the reporter didn't understand this or didn't consider it worthy of a comment.
Behindtheheadlines is correct. The base price of a Ryan Home is just the starting point. Many upgrades are offered (hardwood floors, upgraded kitchen appliances, countertops & cabinets, a finished basement, etc.) and each additional selection increases the price. To get what you really want, you'll pay more than list price. It is startling that this story is offered as an example of an improving real estate market. The reporter should know better.
boooooorrrrrrrrrrrrrrrrriiiiiiiiiinnnnnnngggggggggg...
Snooze:
Instead of wasting your excessive spare time responding mindlessly to something of no interest to you, why don't you regale us with some fascinating titbit from your own experiences. We are all agog......
zzzzzzzzzzzzzzzzzzzzzzzzzz....
either the numbers were a typo, or two people bid for the same house and had escalation clauses...remember those from five or six years ago when the market was white hot? Hard to believe, though, that there could have been a bidding war for this type of property. Not like its scarce or unique.