Residential Real Estate in your city - Page 76

jmecklenborg · #**1501** Posted **Jan 7, 2024, 5:41 PM**

Zillow generates some self-serving clickbait...

Realtors only make money when there is a transaction. Zillow links people to realtors. Therefore it's in Zillow's self-interest to motivate people to sell their homes by making them believe that "now is a good time to sell".

sopas ej · #**1502** Posted **Jan 15, 2024, 10:29 PM**

Emma Stone's house is for sale.

From the Hollywood Reporter:

Emma Stone Is Selling Her Charming L.A. Home for $4M – Inside the Property

The Golden Globe-winning 'Poor Things' actress purchased the 1920s Spanish-style house in Westwood in 2019 for $2.3 million.

BY DEGEN PENER

JANUARY 13, 2024 8:50AM

Emma Stone, who just picked up a Golden Globes win for her performance in Yorgos Lanthimos’ Poor Things, is parting ways with her Spanish-style house in Los Angeles.

The actress has listed the charm-filled, two-story residence — located in the Comstock Hills area of Westwood — for $3.995 million.

[...]

Link: Emma Stone Is Selling Her Charming L.A. Home for $4M – Inside the Property

Here's the Zillow listing: https://www.zillow.com/homes/1711-Ensley...ewS3DhOJfWox-DL5U0iPsVWvKBAt-bOie3gqLkgw

Zillow

Crawford · #**1503** Posted **Jan 15, 2024, 10:37 PM**

That is a charming house. I'd much rather live there than in one of those oversized nouveau riche palaces in the hills. Give me a house like this, maybe in Pacific Palisades, and I'd be very happy.

Steely Dan · #**1504** Posted **Jan 16, 2024, 5:07 AM**

$2.5M gets you this Albert Kahn masterpiece in Detroit's historic Boston-Edison district.

Source: https://www.detroitnews.com/picture-gall...,is%20on%20sale%20for%20%242%2C500%2C000.

This week’s Michigan Dream Home is located at 150 W. Boston Blvd. The two-story house was designed by Albert Kahn and built in 1915. The more than 11,000-square-foot mansion has three floors, seven bedrooms, six fireplaces, four bathrooms, and two half baths and is on sale for $2,500,000.

Crawford · #**1505** Posted **Jan 16, 2024, 12:49 PM**

That house is where that prominent neurosurgeon was murdered. Killer hasn't been found. No thank you.

Steely Dan · #**1506** Posted **Jan 16, 2024, 1:25 PM**

^ oh, I didn't know any of that backstory, the house just popped up in my news feed, and I was like, "damn, that is one hell of an attractive palace".

And it sits on like 2 acres of land. In the city!!

iheartthed · #**1507** Posted **Jan 16, 2024, 4:46 PM**

Even without the backstory, $2.5 million seems extremely ambitious for the Boston-Edison house. They must be marketing it to an audience outside of the Detroit area.

Crawford · #**1508** Posted **Jan 16, 2024, 4:51 PM**

Yeah, that sounds really high. $2.5 million is a pretty high price for Metro Detroit.

And the upkeep on these kinds of historic homes is pretty crazy. I have a friend with a home in Rosedale Park, which is kind of a more middle class version of Boston Edison. In his case, replacing all the historic casement windows would amount to half the value of the property. You can forget Home Depot runs; everything is custom.

SteveD · #**1509** Posted **Jan 16, 2024, 5:04 PM**

This is around the corner from me. When we moved into East Atlanta 17 years ago sales in the 5's and 6's were eye-openers. It stayed that way for a while. Then in the last say 5 to 10 years we started seeing 7's, 8's. We're jumping the shark now with stuff like below. $1.3 million. This is a second story addition renovation. It was a one story brick ranch last year. Absurd. A post about this house on a FB neighborhood page has hundreds of comments.

https://www.redfin.com/GA/Atlanta/1439-Van-Vleck-Ave-SE-30316/home/23798798

iheartthed · #**1510** Posted **Jan 16, 2024, 5:07 PM**

Quote:

Originally Posted by Crawford

Yeah, that sounds really high. $2.5 million is a pretty high price for Metro Detroit.

And the upkeep on these kinds of historic homes is pretty crazy. I have a friend with a home in Rosedale Park, which is kind of a more middle class version of Boston Edison. In his case, replacing all the historic casement windows would amount to half the value of the property. You can forget Home Depot runs; everything is custom.

Yeah, those old houses in Detroit cost just as much to maintain as Brooklyn brownstones, but are worth a fraction of what a typical brownstone is worth. It isn't sustainable. This is why I've long said that Metro Detroit needs a green belt or development freeze in order to stabilize land values. Otherwise they'll continue to lose historic architecture in the core because the ownership math doesn't make sense.

dimondpark · #**1511** Posted **Jan 17, 2024, 5:59 PM**

Quote:

Originally Posted by sopas ej

Emma Stone's house is for sale.

From the Hollywood Reporter:

Emma Stone Is Selling Her Charming L.A. Home for $4M – Inside the Property

The Golden Globe-winning 'Poor Things' actress purchased the 1920s Spanish-style house in Westwood in 2019 for $2.3 million.

BY DEGEN PENER

JANUARY 13, 2024 8:50AM

Emma Stone, who just picked up a Golden Globes win for her performance in Yorgos Lanthimos’ Poor Things, is parting ways with her Spanish-style house in Los Angeles.

The actress has listed the charm-filled, two-story residence — located in the Comstock Hills area of Westwood — for $3.995 million.

[...]

Link: Emma Stone Is Selling Her Charming L.A. Home for $4M – Inside the Property

Here's the Zillow listing: https://www.zillow.com/homes/1711-Ensley...ewS3DhOJfWox-DL5U0iPsVWvKBAt-bOie3gqLkgw

Zillow

Westwood is too busy for me but I love this house.

benp · #**1512** Posted **Jan 17, 2024, 6:48 PM**

Fully renovated mid-century modern home tucked away in the heart of the city on Soldier's Circle, part of Frederick Olmstead's parkway system. This home was meticulously redone inside and out. $1.35M in Buffalo is the highest I have seen listed for any mid-century home in the city of Buffalo.
https://www.realtor.com/realestateandhom...NY_14222_M49435-73413?from=srp-list-card

The home has a simple frontage, but is over 4000 sf on 1/3 acre. The art work in the listing is stunning, and there is an impressive wine cellar.

FYI on the opposite side of Soldiers Circle from this home is Frank Lloyd Wright's Heath House, built 50 years earlier.

3rd&Brown · #**1513** Posted **Jan 19, 2024, 2:36 PM**

Quote:

Originally Posted by benp

Fully renovated mid-century modern home tucked away in the heart of the city on Soldier's Circle, part of Frederick Olmstead's parkway system. This home was meticulously redone inside and out. $1.35M in Buffalo is the highest I have seen listed for any mid-century home in the city of Buffalo.
https://www.realtor.com/realestateandhom...NY_14222_M49435-73413?from=srp-list-card

The home has a simple frontage, but is over 4000 sf on 1/3 acre. The art work in the listing is stunning, and there is an impressive wine cellar.

FYI on the opposite side of Soldiers Circle from this home is Frank Lloyd Wright's Heath House, built 50 years earlier.

The house is not midcentury (is a cape style house) and the inside is dated. The interior choices would make sense perhaps in a true midcentury house but even then they'd still be dated.

cabasse · #**1514** Posted **Jan 19, 2024, 8:17 PM**

Quote:

Originally Posted by SteveD

This is around the corner from me. When we moved into East Atlanta 17 years ago sales in the 5's and 6's were eye-openers. It stayed that way for a while. Then in the last say 5 to 10 years we started seeing 7's, 8's. We're jumping the shark now with stuff like below. $1.3 million. This is a second story addition renovation. It was a one story brick ranch last year. Absurd. A post about this house on a FB neighborhood page has hundreds of comments.

https://www.redfin.com/GA/Atlanta/1439-Van-Vleck-Ave-SE-30316/home/23798798

oof, they kinda ruined the proportions of that one. have been seeing more and more of these kinds of renos that would look better if they just built from scratch...

https://www.google.com/maps/@33.7363497,...KEnEk05BB7A!2e0!7i16384!8i8192?entry=ttu

The North One · #**1515** Posted **Jan 21, 2024, 7:24 PM**

Quote:

Originally Posted by iheartthed

Yeah, those old houses in Detroit cost just as much to maintain as Brooklyn brownstones, but are worth a fraction of what a typical brownstone is worth. It isn't sustainable. This is why I've long said that Metro Detroit needs a green belt or development freeze in order to stabilize land values. Otherwise they'll continue to lose historic architecture in the core because the ownership math doesn't make sense.

lmao what are you talking about? Home prices in Metro Detroit have continued to soar. So, no. Your narrative is wrong.

Boston Edison is one of the most immaculate parts of the city and always has been, so clearly it's sustainable.

iheartthed · #**1516** Posted **Jan 22, 2024, 8:07 PM**

Quote:

Originally Posted by The North One

lmao what are you talking about? Home prices in Metro Detroit have continued to soar. So, no. Your narrative is wrong.

Boston Edison is one of the most immaculate parts of the city and always has been, so clearly it's sustainable.

I don't get what you don't get about what I wrote. It's not that confusing.

sopas ej · #**1517** Posted **Jan 23, 2024, 8:41 PM**

Wow.

Emma Stone’s Los Angeles Home Finds a Buyer in Less Than Two Weeks

Quote:

In addition to Stone’s celebrity status, the home generated buzz because houses in this neighborhood trade infrequently, he said. The renovated property also resonated with buyers who want move-in ready conditions. “To be honest, people were just really enthralled with the property,” he said. “I just think the property spoke.”

sopas ej · #**1518** Posted **Jan 28, 2024, 2:42 AM**

Very apropos---I'm seeing Chaka Khan in concert tonight!

From Mansion Global:

California Estate Chaka Khan and the Eagles Once Called Home Selling for $6.35 Million

Link: https://www.mansionglobal.com/articles/c...d-home-selling-for-6-35-million-ab9daf12

eschaton · #**1519** Posted **Feb 9, 2024, 8:07 PM**

If anyone wants to move to Pittsburgh, and is independently wealthy, this is available.

I live about a 15-minute walk from here, BTW.

Velvet_Highground · #**1520** Posted **Feb 13, 2024, 1:27 AM**

House prices in metro Detroit rising the most in the country

Quote:

Detroit posted the highest year-over-year home price increase among the nation's top 20 markets with a 9.2% gain, beating Miami's 8.3% rise, according to property data provider CoreLogic.

https://www.crainsdetroit.com/real-estat...20property%20data%20provider%20CoreLogic.

A bit more insight into greater trends.

Quote:

“This continued strength remains remarkable amid the nation’s affordability crunch but speaks to the pent-up demand that is driving home prices higher,” Hepp said. “Markets where the prolonged inventory shortage has been exacerbated by the lack of new homes for sale recorded notable price gains over the course of 2023.” CoreLogic credits these gains in home values to job gains thanks to the Inflation Reduction Act and the CHIPs Act “helping to spur housing demand.”

https://fortune.com/2024/01/09/corelogic...rket-miami-florida-outlook-forecast/amp/

———

It surprised me to hear that Metro Detroit beat out Miami because of the popularity of the market with wealthy individuals from across the county. That aside Detroit Region certainly has seen prices rise across the board with some of the highest rates in the most depressed areas like Flint at 27.5%.

There a factor playing in is a rebound from prices depressed during the lost decade of economic development. Strong regional and city economic fundamentals including the high percentage and number of STEM workers that helped soak up white collar auto losses into tech. There’s also the general auto rebound of the 2010’s & the current investment the city, state & region have receiving in battery, chip and traditional manufacturing shows that there’s a strong base for the recovery.

Violent crime seeing a historic drop is not likely playing much into this years value rise but the over all trend of hitting the least number of homicides since 1966 has likely played into the longer term. The trend started in 2016 and went through the 2018 year. 2023-2024 have had the lowest numbers yet as well as the lowest number of carjackings on record.

———

That said there are some crazy drops in home sale value in Bloomfield Hills while the twp has an increase same with some of the Pointes. Home price increases are a great metic to judge an overall economic situation because you get data points like +75% Grosse Pointe Shores but it’s an interesting situation non the less. Smaller cities can get their numbers skewed, if many people who made big investments while interest rates were low it could account for it.

For the argument that the area is overvalued I would point to relatively as long as the regions economy is doing well and the home prices are significantly less than the rest of the country it will likely rise. Perhaps not as fast & if there is a national recession I expect the area to lose value how much who knows if I did I wouldn’t say it here id sell my advice lol.

—————

Detroit property values climb 23% in 2023, marking seventh straight year of growth, officials say

Homes on the 500 block of Woodland in The North End, 2-1-24.

Quote:

Detroit — Residential property values in the city climbed an average of 23% last year, marking the seventh straight year of growth, Mayor Mike Duggan announced Monday.

The increased values are reflected in the city's latest assessments, which are based on a review of the last two years of property and land sales as well as land improvement and appreciation. In comparison, Detroit's values rose 31% in 2022, and 8% per neighborhood from in 2021.

All 208 of the city's neighborhoods saw an increase in property values, Duggan said, though some saw bigger increases than others. The values of homes have tripled in seven years, he said, touting the "best investment in America."