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 Posted: Wed, Feb 3 2010, 10:48 am EST Post subject: Cranbury home $1,580,000 (Petty Rd.; gone?) |
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$1,580,000
4 Bed, 5 Bath
3.1 Acres
MLS #9938
* Single Family Property
* Status: Active
* Area: Cranbury
* Year Built: 2001
* Age: 9 year(s) old
* 4 total bedroom(s)
* 5 total bath(s)
* 4 total full bath(s)
* 1 total half bath(s)
* 17 total rooms
* Four or more stories
* Master bedroom
* Dining room
* Basement
* Master bedroom is 20X17
* Living room is 22X15
* Dining room is 18X17
* Family room is 22X19
* Kitchen is 18X17
* Den is 17X12
* 3 or more fireplaces
* Fireplace features: Gas Fireplace
* 3 car garage
* Attached parking
* Parking features: Entrance Faces Side
* Heating features: Gas WaterHeater
* Forced air heat
* Central air conditioning
* Inclusions: Dryer, Washer
* Approximately 3.1 acre(s)
http://www.realtor.com/realestateandhomes-detail/85-Petty-Rd_Cranbury_NJ_08512_1115652119 |
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| Posted: Wed, Feb 3 2010, 11:17 am EST Post subject: Re: Cranbury home $1,580,000 (Petty Rd.) |
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LOL!
It never ceases to amaze how some people still live in a protective little bubble in their own minds when they value their houses for sale. And there is never any shortage of agent enablers willing to entertain their fantasies.
This house is wildly over its current market value. I predict either it gets pulled from the market (if the sellers aren't serious) or it ends up selling for at LEAST $300-400K less.
People, just because you spend hundreds-of-thousands on upgrades doesn't mean you can add that to the sale price. It doesn't work that way in th real world. When the market was soaring it may have seemed like it, but sorry, no... Okay, so you wastefully added a finished basement and jacked up your square footage to an already large house. Expect to get 10 cents on the dollar for your investment in that in this market. And all that lawn. That's nice but it doesn't add to your value either.
Isn't there a home with the same number of usable rooms or more also for sale on Petty for like half this price? And it has a pool. Why would anyone in a down market where homes are selling for at least 10% below their asessments now pay way above market peak price to get the same number of bedrooms on the same straight that they can get for half as much? And when was the last time you actually saw a house over $1M sell locally. There's at least 5 that have been sitting on the market, all for less than this one.
You really have to wonder what goes through people's heads. |
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Guest
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| Posted: Wed, Feb 3 2010, 11:38 am EST Post subject: Re: Cranbury home $1,580,000 (Petty Rd.) |
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| Guest wrote: |
You really have to wonder what goes through people's heads. |
Agreed. I am wondering how this affects you, in any way, and what compelled you to rant about this homeowner's right to list his/her property for whatever they want. |
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Guest
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| Posted: Wed, Feb 3 2010, 12:59 pm EST Post subject: Re: Cranbury home $1,580,000 (Petty Rd.) |
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| Guest wrote: | | Guest wrote: |
You really have to wonder what goes through people's heads. |
Agreed. I am wondering how this affects you, in any way, and what compelled you to rant about this homeowner's right to list his/her property for whatever they want. |
Please. The homeowner chose to put their house up for sale. That is a public act and a matter of public record. And local home sales has been a traditional topic of public gossip for centuries, whispered in parties and around BBQ's, etc. All that is new is the Internet as an outlet for the natural curiosity people have about local real estate values. It’s no different than the curious but true fact that when people hold open houses to sell their home a decent percentage of the people who walk through are neighbors with no interest in buying but curiosity about self-assessing it relative to their own homes.
No one has suggested the homeowners don’t have the “right” to list their home for whatever they want. Just as others have the right to express their disagreement with it. So you seem to have read something that wasn’t there – it was a rant alright, but about the listing price, not the “right to list it.” Different things.
And, by the way, this does affect people. Homes like this sit unsold on the market for months or years, increasing the available inventory to buyer ratio which increases the average time to sale in the market which put downward pressure on appraisal values for other people’s homes. So this homeowner, like all others, has the god-given right to list their home for sale for whatever fantasy they have in their head. But anyone else who chooses has an equal right to disagree with it and call people out when they are adding to the market glut with a house they either aren’t serious about selling. |
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Guest
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| Posted: Wed, Feb 17 2010, 6:00 pm EST Post subject: Re: Cranbury home $1,580,000 (Petty Rd.) |
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Agree entirely on this one. This home was originally listed for 1.9m? It's been a laughing matter ever since.
| Guest wrote: | | Guest wrote: | | Guest wrote: |
You really have to wonder what goes through people's heads. |
Agreed. I am wondering how this affects you, in any way, and what compelled you to rant about this homeowner's right to list his/her property for whatever they want. |
Please. The homeowner chose to put their house up for sale. That is a public act and a matter of public record. And local home sales has been a traditional topic of public gossip for centuries, whispered in parties and around BBQ's, etc. All that is new is the Internet as an outlet for the natural curiosity people have about local real estate values. It’s no different than the curious but true fact that when people hold open houses to sell their home a decent percentage of the people who walk through are neighbors with no interest in buying but curiosity about self-assessing it relative to their own homes.
No one has suggested the homeowners don’t have the “right” to list their home for whatever they want. Just as others have the right to express their disagreement with it. So you seem to have read something that wasn’t there – it was a rant alright, but about the listing price, not the “right to list it.” Different things.
And, by the way, this does affect people. Homes like this sit unsold on the market for months or years, increasing the available inventory to buyer ratio which increases the average time to sale in the market which put downward pressure on appraisal values for other people’s homes. So this homeowner, like all others, has the god-given right to list their home for sale for whatever fantasy they have in their head. But anyone else who chooses has an equal right to disagree with it and call people out when they are adding to the market glut with a house they either aren’t serious about selling. |
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