McCormick Ranch Real Estate & Homes

McCormick Ranch real estate news by John Wake, Associate Broker, HomeSmart

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$1,000,000 home - Now that’s more like it

November 24th, 2007 · No Comments

The most expensive home sold this week was 8025 E. Del Tesoro Dr in Los Tesoros.

I toured this home when it was for sale. The most unique feature of this home was that it was built in 2000. There are few homes in McCormick Ranch that new. It’s nice to have a newer home, however, it’s tricky to price a home when every other home on the street was built 20 years earlier.

This home has 4 bedrooms and 3 baths in 3,947 square feet with a heated lap pool, fireplaces and a 3-car garage. It’s on a corner lot.

This property was originally priced at $1,375,000 when it hit the market on August 10, 2007. The price was reduced to $1,295,00 on August 21, to $1,245,000 on September 7, and to $1,199,000 on September 19. It went under contract on October 3 and closed on November 5 for $1,000,000.

This beautiful home is not a good comp for most McCormick Ranch homes because it is so much newer.

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Tags: Home Sales

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