The Swamplot Price Adjuster needs your nominations! Found a property you think is poorly priced? Send an email to Swamplot, and be sure to include a link to the listing or photos. Tell us about the property, and explain why you think it deserves a price adjustment. Then tell us what you think a better price would be. Unless requested otherwise, all submissions to the Swamplot Price Adjuster will be kept anonymous.
Location: 3105 Blue Bonnet Blvd., Southern Oaks
Details: 3 bedrooms, 4 baths; 4,109 sq. ft. on a 16,992-sq.-ft. lot
History: On the market since last Thanksgiving. Price reduced $100K mid-June.
Our nominator, struggling with the price tag:
Typical newer construction home in Southern Oaks. The chandelier in the foyer is way too ostentatious for my taste…but to each their own. The rest of the house shows like any other new construction mcmansion in Southern Oaks and Braes Heights that list between $1,000,000 – $1,300,000. Also, it’s sits four houses off of Buffalo Speedway in one direction and two houses down from a huge apartment complex in the other direction. The only advantage I see this house has is that it’s on a 16,000 sf lot, whereas most of the others average 9,000 sf. The house is only 4,100 sf, making it smaller than most of the new construction in the area. So, the question is, why the $3.4 million price tag?
Our nominator continues:
I’ve seen this listing for forever and for the life of me I can’t figure out how they came up with a price over $3 million. Tax records value it at a little over $1 million. Based on other listings of properties in Southern Oaks, I’d price it at $1.5 max, given the large lot.
What do you say?