Good Stuff Just Happened @ Shandon.

WilmotFrontI have good news for Shandon sellers, and all homeowners for that matter. At 10:00 Friday morning 3230 Wilmot Avenue closed for $280,000. The house is 1,500 square feet with 3 bedrooms and 1.5 baths. What’s the good news? The property closed for $186.66/foot. That’s a big deal!

Am I asking, or do I/we deserve credit for this? Nope! Sure, we provide good photos, supplied some good finesse, and had the guts to go for it, but the real credit goes to the seller and the seller once removed. Both sellers did first class renovations to the house, and the owner that just closed on the home added a premium screened in back deck/living area. It’s an awesome addition, and likely the reason the house fetched two or more offers.

Now, to be clear, not every Shandon home will fetch such a number. Why, then, is this a big whoop for the neighborhood? Answer; Beginning last Friday, every listing that fetches an offer/contract within a like price range or similar features will be able to use this sale as a comparable sale. In short, for 12 months appraisers will be able to use this “comp” to help other sales along.

Some folks get on to me for listing a house for too much money. Well, some homeowners bought during the boom, and as their life moves along, don’t have a choice but to go for a bar raising number. Insert the theory of, “If you don’t try to raise the bar, then how can home values ever rise?” Translation – I’m not scared to ‘go for it’ (and neither was this seller). #ItSold

Congratulations to the buyer, our seller, and Shandon Neighborhood. Sporting 20 ‘Pending Contracts’ & 70ish ‘Closed’ deals in the last 12 months, Shandon is getting it done. Enter the closing of 3230 Wilmot Ave. and the bar has been raised.

If you or anyone you know would like to know more about Shandon or other downtown Columbia real estate values, please call 803-447-8683 or email fjones@cbunited.com.  We would love to speak with you.

Thank you!

Franklin Jones

Comments

  1. As someone who raised the bar back in early 2008 only to watch it go lower and lower I’m glad to see someone else raising it back up. Maybe one day I’ll have some equity in my house.

  2. Shandon Neighbor says

    Should this be $280K? I would be really disappointed if they only got $180K in Shandon.

    • admin_teamfranklin says

      Sorry about that! Had a couple of typos last night. Yes…it closed for $280,000. Thank you!

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