Friday, September 14, 2007

Movement of Macomb's top homes, part II

Since my last post (nearly three months ago), two of the high-end Macomb homes I described as under contract have since closed. An update:

1915 W. Adams, originally listed for $498,750 and then reduced to $478,000, finally ended up selling for $458,000 on July 6.


The 12.8-acre property had a lot to offer, including

* A separate 2,100-square-foot building with heat and air. Though most people would probably call it a shop, it was really more like a car dealership's showroom floor. (The owner had an impressive collection of vintage vehicles -- including a red convertible that looked like it had been driven straight off the set of Ferris Bueller's Day Off.)

* A real estate tax bill (in 2005) of just $7,410.02. While that figure is high compared to the average house in McDonough County, it's far lower than some other properties that have recently sold for less money. (A house at 1349 Woodland Trail, for example, sold for $360,000 this summer but had a 2005 tax bill of $10,040.60.)

There was another big sale this summer. 1206 Stacy Lane, originally listed for $289,900, closed for $279,900 on June 25.


What will be the next big sale in Macomb for more than $250,000? Maybe it'll simply be decided by whatever house has the lowest tax bill -- even if that figure is north of $6,000 a year.

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