My blog has moved! Redirecting...

You should be automatically redirected. If not, visit and update your bookmarks.

Monday, October 25, 2010

What's Selling: Cedar Lake

Acing the "Ooh!" and "Aaah!" Factor

: 2700 Chowen Ave. South in Minneapolis' Sunset Gables subdivision (just south of Cedar Lake)
What: Moderne-style Art Deco with 5 Bedrooms and 5 Baths, and 3,800 finished square feet
How much: listed for $875,000; sold for $823,050 (94% of asking price, and more than $35,000 over the tax assessed value).
When: less than 3 months on the market; closed Friday (Oct. 22).
Who: listed by Ross Kaplan, Edina Realty City Lakes; selling agent Paul Larson, Coldwell Banker Burnet

What's selling in a tough market, especially for upper bracket homes?

Trophy properties like 2700 Chowen Ave. South, just south of Cedar Lake in Minneapolis.

This historically designated home probably generated more "ooh's" and "aaah's" than any other home I've listed, for good reason: prospective Buyers salivated over the original fresco above the Fireplace, the custom millwork and period Art Deco light fixtures, and all the space and light.

The clincher?

A $200k-plus first-floor addition (2004) complete with its own washer dryer and private, courtyard entrance.

No comments: