Archives: September 6, 2017

6 Questions to Ask When Considering a Neighborhood with an HOA

community pool with inflatable innertubeLet’s say you have your heart set on buying a home in a community with a swimming pool, a clubhouse, and maybe even a playground or trails. Having access to these amenities often means living in a community with a homeowners association, or HOA.

Generally, an HOA is responsible for keeping the neighborhood looking beautiful — and as a result, keeping property values high. But since no two neighborhoods are the same, no two HOAs will be the same, either.

What You Should Know About the Homeowners Association

Doing your research on homes and communities means finding the answers to dozens of questions. As a savvy home buyer, you’ve probably already considered some of the most important topics early on in your home search, such as the local property taxes and whether the neighborhood is appreciating in value.

But if you’re considering a neighborhood with an HOA, there are a few additional things that you should know. Here are the essential questions you should ask. Continue reading

The Arboretum, Saline Real Estate Update

The Arboretum Real Estate Report – September 2017The Arboretum subdivision, Saline MI neighborhood

The Arboretum is a sophisticated Saline neighborhood, the custom homes have the highest quality craftsmanship and residents enjoy the Wetland and Wilderness Parks, along with a Mill Pond. There is currently 1 home listed for sale and so far this year, 2 have sold.

Homes for Sale:

  • $549,900. 867 Arboretum Dr., Saline. 3072 sq. ft., + 1300 in finished lower level, 5 bedrooms and 2.1 baths.

Sold Homes:

  • $660,000. 908 Arboretum Dr., Saline. 3788 sq. ft., + 2000 in finished lower level, 4 bedrooms and 3.2 baths. Listed by The Bouma Group
  • $329,000. 767 Arboretum, Saline. 3300 square feet with 4 bedrooms and 3.1 baths.

Last year, 3 homes sold with an average sale price of $484,741 and an average price per square foot of $198.00. The 2 homes sold this year have an ASP of $494,500, up slightly, and an A$/SF of $137.00, down 31%. To learn more about home values at this Saline neighborhood, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com.

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Glennborough, Ann Arbor Real Estate Report

Glennborough Real Estate Report – September 2017Glennborough subdivision, Ann Arbor MI Neighborhood

Glennborough is a luxury Ann Arbor neighborhood, these grand homes are built by several different high caliber builders and are situated within a serene nature setting which includes slopes, wetlands, woods and plains. There are currently 4 homes listed for sale and so far this year, 2 have sold.

Homes for Sale:

  • $1,299,000. 3022 Andora Dr., Ann Arbor. 4920 sq. ft., + 2590 in finished lower level, 5 bedrooms and 4.3 baths.
  • $1,195,000. 3110 Andora, Ann Arbor. 4635 square feet with 5 bedrooms and 3.1 baths.
  • $945,000. 3400 Woodhill Cir., Ann Arbor 4766 sq. ft., + 2500 in finished lower level, 6 bedrooms and 5.1 baths. Listed by The Bouma Group
  • $829,900. 3302 Woodhill Cir. Ann Arbor. 4427 square feet with 4 bedrooms and 3.1 baths.

Sold Homes:

  • $900,000. 3140 Andora Dr., Ann Arbor. 4413 sq. ft., + 1800 in finished lower level, 4 bedrooms and 4.0 baths. Listed by The Bouma Group
  • $820,000. 3223 Creston Cir., Ann Arbor. 4035 sq. ft., + 1700 in finished lower level, 4 bedrooms and 3.1 baths. Listed by The Bouma Group

Last year at Glennborough, 6 homes sold with an average sale price of $779,553 and an average price per square foot of $175.00. The 2 homes sold this year have an ASP of $860,000, up 10%, and an A$/SF of $204.00, up 17%. To learn more about home values at Glennborough, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

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Island Hills Estates Subdivision, Dexter Real Estate Report

Island Hills Estates Real Estate Report – September 2017

Island Hills Estates is a Dexter neighborhood that offers sizable homes on 1+ acre lots, the secluded neighborhood features conservation areas, paved sidewalks and more. There is currently 1 home listed for sale and so far this year, 1 has sold.Island Hills Estates Subdivision, Dexter MI Neighborhoos

Homes for Sale:

  • $340,000. 2815 Sandhill Dr., Dexter. 1888 square feet with 3 bedrooms and 2.1 baths. Sale Pending

Sold Homes:

  • $450,000. 2730 Island Hills Dr., Dexter. 3003 square feet with 4 bedrooms and 3.1 baths.

Last year at Island Hills Estates, 3 homes sold with an average sale price of $361,333 and an average price per square foot of $160.00. The 1 home sold this year has a sale price of $450,000, up 25%, and the price per square foot is $150, down 6%. The home sold this year has 425 square feet less than the average of the 3 homes sold last year. To learn more about home values at Island Hills Estates, contact the real estate specialists with The Bouma Group at (734)761-3040 or email info@bouma.com. View more Dexter neighborhoods here!

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