The value of location in real estate

We’ve all have heard the expression “when buying real estate its location, location, location.” Intuitively we get a sense of what makes a good neighborhood,  well keep streets and homes, low crime rates, good schools and close to shopping.

I tend to look at neighborhoods  and communities in a circular or radius patterns.  A good example of this is with my new listing in Magnolia, 1911 31st Avenue W.  I tend to look at the location of the home in terms of how close are the  community resources, transit, open spaces and how walkable is the neighborhood.

When I asked the sellers what attracted them to this house, they previously lived just north of Dravus, and they mentioned that “a larger home was needed but the main attraction was its location.”  The 4 bedroom, 3 baths home is a five minute walk to “Magnolia Village” home to many specialty stores and professional services, some of Seattle’s top restaurants, and industrial and marine services. The amenity rich community also has strong connectivity to schools, parks, churches and public transportation.

Homes in this sought after  “walkable” area of Magnolia are blessed with many tree lined boulevards, open green spaces and fresh salt air breezes coming off Elliot Bay and Puget Sound.

Currently they’re 21 homes for sale with ½ mile radius of Magnolia Village prices range from $519,000-$5m.

New Listing

911 31th Avenue West, this 1950s home has its roots deeply embedded in a “new urbanism” theme, built in an extremely walkable community. The architecture design offers some subtle features from its counterparts, large inviting covered entry, natural daylighting from well thought out window placement, “BIG” rooms and an abundance of storage.  Extremely well maintained with some updating, a rare 2-car garage and 3 bathroom daylight-rambler located just east of Carlton Park in South Magnolia. Open Sunday May 20th from 1-3pm. Offered at $639,950.

 

Related posts:

  1. Street Smart Green Builder Selects Queen Anne Hill Location
  2. Seattle s intercity real estate activity proves location is once again a key price driver
  3. Sunday’s Home Tour in Magnolia
  4. Stager Down
  5. 1911 31th Avenue W Seattle, Wa. 98199

Copyright 2009 Coldwell Banker Real Estate LLC each office is independently owned and operated