Real Estate Information

Ann Arbor Real Estate and Area Info Blog

Tom Stachler,ABR,CDPE - Group One Realty Team

Blog

Displaying blog entries 281-290 of 564

Study Reveals Best Technique for Pricing a Home

by Tom Stachler,ABR,CDPE - Group One Realty Team

The best technique for pricing a home when listing it for sale is setting the asking price just below a round number, according to recent research published by the Journal of Housing Research – an official publication of the American Real Estate Society (ARES).

“These findings will help real estate brokers and sellers of homes develop more informed listing and marketing strategies to better suit sellers’ needs,” said Ken Johnson, Ph.D., ARES publication director, real estate economist at Florida Atlantic University’s College of Business and co-developer of the Beracha, Hardin and Johnson Buy vs. Rent Index. “The results of this study take a lot of guess work out of the marketing of homes for real estate brokers.”

The study looked at 1,000 buyers in Virginia considering a pool of more than 370,000 listings. The researchers were able to determine the impact of “rounded pricing” listing strategies versus “just below pricing” listing strategies.

 

“Our study suggests that by using the just below pricing strategy sellers can price their home slightly higher without driving away potential buyers,” says Eli Beracha, Ph.D., of Florida International University, who conducted the study with Michael J. Seiler, Ph.D., of The College of William & Mary. “As a result, they end up selling their house for more.”

How does dropping your asking price ever so slightly impact the final outcome?

“On average, buyers are more attracted to a house priced at $199,000 than to a house priced at $200,000 and it appears that ‘just below’ pricing works out favorably for sellers in terms of their bottom line,” Beracha explains. “Based on our research, the ‘just below’ pricing strategy yields a selling price that is, on average, roughly 2.5 to 3 percent higher, $5,000 to $6,000 on a $200,000 house, compared with a rounded pricing listing strategy.”

While residential real estate agents widely disagree on the appropriate pricing strategy to use when listing residential real estate for sale, the researchers found that homebuyers more often prefer homes priced using a “just below” pricing strategy. This preference allows sellers to list their home for a higher initial listing price.

On the other hand, due to the demand effect, rounded priced homes typically have shorter time on the market and a lower discount relative to listing price. Their findings suggest that sellers’ ability to set higher listing prices for properties using a “just below” pricing strategy outweighs the lower discount and shorter time on the market associated with similar rounded priced strategy homes.

“We tested the age-old debate concerning the best technique to price a home when listing it for sale,” Seiler says. “We find that using a price just below a round number works best, particularly in connection to the left-most digit in the price. So, $199,000 works better than $200,000.”

Want to get a ball park price on your home?  Used this automated website at www.RealtyQuest.info if you are curious.  

Also, if you are first looking to purchase a home,  you might like a inventory list of homes in a certain area, having a certain size and price point.  Click here to get a list of homes currently for sale.  

 

tom stachler, real, estate, one, house, condo, homes, for, sale, best pricing strategy, saline, ann arbor, michigan, dexter, ypsilanti, sold, selling, agent, broker, get the best pricing model to market your home

How Many Hours Do You Have to Work to Afford Your Mortgage?

by Tom Stachler,ABR,CDPE - Group One Realty Team

How Many Hours Do You Have to Work? 

When you take your monthly mortgage payment, utility bills and other expenditures into consideration, it’s no surprise that owning a Home is an expensive proposition. But have you ever considered just how many hours you have to work to afford your home? Or how many hours you’d have to work to afford your dream home in Hawaii? (Spoiler alert: don’t buy your plane ticket quite yet!).
 

n fact, if you’re looking to leave the hustle and bustle of city life behind and hang 10 in Hawaii, you better be prepared to put in some long hours.

According to a study conducted by GOBankingRates—which looked at home listing prices, mortgage rates and household incomes—Hawaii tops the list of states where you’ll have to work the most to afford a mortgage, coming in at 88.13 hours a month.

On the same side of the coin are the District of Columbia (83.29 hours a month), California (78.13 hours a month) and Colorado (67.02 hours a month).

For those who can’t get enough of the great state of Ohio, you may just be in luck. The Buckeye State tops the list of places where you need to  work the least to afford a mortgage at 30.76 hours a month. Next on the list is Michigan at 32.44 hours a month, Indiana at 32.72 hours a month and Iowa at 33.81 hours a month.

If you have moving on the mind, be sure to check out the infographic below before you make your decision!  

For refinancing and home mortgage pre-qualification options, go to www.LendAnnArbor.com for contact information and a LIST for the area's best lenders  

mortgage afford

 

 

tom stacher, real estate, one, lowest mortgage rates, souce, financing, home, house, get the area's best lenders list, ann arbor, michigan, dexter, saline, ypsilanti, financing, condo

Why You Should Own a Home in an A+ School District

by Tom Stachler,ABR,CDPE - Group One Realty Team

Whether you have children or not, it pays to buy in an area with great schools. Realtor.com® recently released a new study that identifies the price premium to buy a home in a strong public school district, as well as the top 10 districts garnering the highest home prices and demand from buyers.

School districts rising to the top are: Beverly Hills Unified in Los Angeles; Highland Park Independent School District in Dallas; Kenilworth School District No. 38 in Kenilworth, Ill.; Rocky River City School District in Cuyahoga, Ohio; Clear Creek Independent School District in Harris, Texas; and School Town Of Munster School District in Lake, Ind.

Realtor.com® compared homes located in school districts rated 9 or 10 on the GreatSchools.org 10 point scale to homes situated in districts rated six or less. The analysis shows homes within the boundaries of the higher rated public school districts are, one average, 49 percent more expensive – at $400,000 – than the national median of $269,000 and 77 percent more expensive than schools located within the boundaries of the lower ranked districts with a median of $225,000.

Houses located in these areas, on average, also move eight days faster than homes in below average school districts and sell four days faster – at 58 days – than the national average of 62 days. Additionally, properties within the boundaries of higher-rated school districts are viewed 26 percent more, on average, than the average home on realtor.com® (an indicator of buyer demand) and 42 percent more than homes in areas with below average schools. “It’s common knowledge that buyers are often willing to pay a premium for a home in a strong school district,” says Javier Vivas, research analyst for realtor.com®. “Our analysis quantifies just how good it is to be a seller in these areas. On average, homes in top-rated districts attract a price premium of almost 50 percent and sell more than a week faster than those located in neighboring lower ranked school districts.”

A look at the top school districts

The district with the second highest Home Price premium is Highland Park Independent School District in Dallas where homes are 632 percent more expensive at $1.8 million than the median home in Dallas County at $277,000. Homes in Highland Park are 3.7 times and 4.4 times more expensive, respectively, than neighboring districts of Coppell Independent School District in Coppell, Texas – rated 9 – with a median of $470,000 and Dallas Independent School District in Dallas – rated  5 – with a median of $400,000, respectively.Highest Price Premiums

In top-ranked Beverly Hills Unified School District, homes sell for 689 percent more, at $3.8 million, than other homes in Los Angeles County, at $550,000. That’s 1.6 times the premium of homes located in the Santa Monica-Malibu Unified School District – rated 9 – that covers Santa Monica, Calif. and Malibu, Calif. and has a median list price of $2.5 million. Beverly Hills’s price premium is 3.9 times more than Culver City Unified School District in Culver City, Calif. that has a rating of 8 and a median list price of $975,000.

Kenilworth School District No. 38 in Kenilworth, Ill., where homes carry a median sales price of $1.6 million, ranked third in the nation with its home price premium of 606 percent compared to Cook County. That’s 2.1 times more than the neighboring district of Wilmette Public Schools District 39 in Wilmette, Ill., rated 10 by GreatSchools, with a median list price of $780,000, and 1.2 times more than Winnetka School District 36  in Winnetka, Ill., rated 10, with a median list price of $1.4 million. Winnetka School District 36 is also ranked fifth in the nation for its home price premium.

Highest Demand from Home BuyersRounding out the Top 10 school districts with the highest price premiums are: Indian Hill Exempted Village School District – Hamilton, Ohio; Winnetka School District 36 – Winnetka, Ill.; Manhattan Beach Unified School District – Los Angeles; Scarsdale Union Free School District – Westchester, N.Y.; Saddle River School District – Bergen, N.J.; San Marino Unified School District – Los Angeles; and Mariemont City School District – Hamilton, Ohio. See chart below for additional detail.

The district with the highest home buyer demand – as measured by realtor.com® listing views compared to the surrounding county – is Rocky River City School District in Cuyahoga, Ohio, rated 10, where listings within district boundaries receive 2.8 times more views than other areas in Cuyahoga County. Homes in the Rocky River District also receive 1.7 and 1.5 times more listing views, respectively, than Westlake City School District in Westlake, Ohio ranked 9 by GreatSchools and Lakewood City School District in Lakewood, Ohio with a GreatSchools rating of 6.

Vivas adds, “While highly ranked school districts in these markets have pushed home prices higher than their surrounding areas, the majority of these high demand markets are relatively affordable when compared to the national median, which is a big factor contributing to their popularity.”

The second most popular school district in the nation for home buyers is Clear Creek Independent School District in Harris, Texas. It garners 2.2 times the listing views of Harris County and 1.2 and 1.0 times as many views, respectively, as nearby districts of Pasadena in Pasadena, Texas (rated 5) and La Porte Independent School District in La Porte, Texas.

Coming in as the third most viewed school district for home buyers,  School Town of Munster School District in Lake, Ind., has a GreatSchools rating of 9 and receives nearly 2.2 more listings views than other homes in the county. That’s 1.36 more views than neighboring district of School Town Of Highland Independent School District, rated 6, in Highland, Ind.

Completing the Top 10 list are Orange School District – New Haven, Conn.; Etiwanda Elementary School District – San Bernardino, Calif.; Longmeadow School District – Hampden, Mass.; Strongsville City School District – Cuyahoga, Ohio; Plymouth-Canton Community School – District Wayne, Mich.; and Regional School District 05 School – District New Haven, Conn.

For more School information and District Maps, please click here and look at the bottom of the realty resources page you will be directed to.  Its important to keep in mind that the most popular districts may not always be the state's top rated scholastically due to inventory supply and demand, but its generally safe to assume a "popular district" will be one providing superior results or resident satisfaction. 

 

tom, stachler, real estate, one, ann arbor, schools, saline, district, dexter, chelsea, ratings, best, ranked, ranking, high school, college, middle, elementary, education, rating, get the best schools as ranked by the experts

Drinking Wine is Key to Happy Marriage and Life

by Tom Stachler,ABR,CDPE - Group One Realty Team

The researchers focused on heterosexual couples in the US and measured responses by 2,767 married couples as part of a long-term health survey. Marriages had already lasted for 33 years on average, with approximately two-thirds in their first marriage, Decanter.com reported.

“We’re not sure why this is happening,” said practitioners, who studies relationships across adulthood. Drinking may not be the only reason they’re getting along, she said.“We’re not suggesting that people should drink more or change the way they drink,” study author Dr. Kira practitioners, of the University of Michigan in Ann Arbor, told Reuters Health.

This isn’t the first time research has found wine to have beneficial properties. Food and Wine took a look at a number of studies that suggest wine’s key ingredient, resveratrol, is beneficial. Those studies indicated resveratrol promotes longevity, reduces risks of heart attacks, stroke and Type 2 diabetes.

Good news for those that don’t want to imbibe but still want the health benefits: Resveratrol may soon be available in pill form.There was one study that, sadly, didn’t pan out according to Snopes.com: Drinking wine before bed will not make you skinny.

What do you think?  Do we Have any practitioners out there?  

Ann Arbor Area Home Prices continue to Rise along with the Rest of the country

by Tom Stachler,ABR,CDPE - Group One Realty Team

Home prices maintained their robust, upward trajectory in a vast majority of metro areas during the second quarter, causing affordability to slightly decline despite mortgage rates hovering at lows not seen in over three years, according to the latest quarterly report by the National Association of REALTORS. The report also revealed that for the first time ever, a metro area – San Jose, California – had a median single-family Home Price above $1 million.

The median existing single-family home price increased in 83 percent of measured markets, with 148 out of 178 metropolitan statistical areas (MSAs) showing gains based on closed sales in the second quarter compared with the second quarter of 2015. Twenty-nine areas (16 percent) recorded lower median prices from a year earlier.

There were slightly fewer rising markets in the second quarter compared to the first three months of this year, when price gains were recorded in 87 percent of metro areas. Twenty-five metro areas in the second quarter (14 percent) experienced double-digit increases – a small decrease from the 28 metro areas in the first quarter. A year ago, 34 metro areas (19 percent) experienced double-digit price gains.


The national median existing single-family home price in the second quarter was $240,700, up 4.9 percent from the second quarter of 2015 ($229,400), which was previously the peak quarterly median sales price. The median price during the first quarter of this year increased 6.1 percent from the first quarter of 2015.Lawrence Yun, NAR chief economist, says a faster pace of home sales amidst languishing inventory levels pushed home prices higher in most metro areas during the second quarter. “Steadily improving local job markets and mortgage rates teetering close to all-time lows brought buyers out in force in many large and middle-tier cities,” he says. “However, with homebuilding activity still failing to keep up with demand and not enough current homeowners putting their home up for sale, prices continued their strong ascent – and in many markets at a rate well above income growth.”

Total existing-home sales,including single family and condos, rose 3.8 percent to a seasonally adjusted annual rate of 5.50 million in the second quarter from 5.30 million in the first quarter of this year, and are 4.2 percent higher than the 5.28 million pace during the second quarter of 2015.

At the end of the second quarter, there were 2.12 million existing homes available for sale, which was below the 2.25 million homes for sale at the end of the second quarter in 2015. The average supply during the second quarter was 4.7 months – down from 5.1 months a year ago.“Primarily from repeat buyers moving up or trading down, existing sales increased each month last quarter and could’ve been even higher if not for a few speedbumps,” explains Yun. “Closings were slowed a bit by meager supply levels and home prices in many areas that are still rising too fast.”

According to Yun, without enough new construction being built, existing inventory seriously failed to keep up with the growing demand for Buying. As a result, homes typically stayed on the market for around a month throughout the second quarter, and over 40 percent of listings sold at or above list price, with June being the highest share since NAR began tracking in December 2012 (43 percent).


Despite falling mortgage rates and a small increase in the national family median income ($68,774), swiftly rising home prices caused affordability to decline in the second quarter compared to a year ago. To purchase a single-family home at the national median price, a buyer making a 5 percent down payment would need an income of $52,255, a 10 percent down payment would require an income of $49,504, and $44,004 would be needed for a 20 percent down payment.“Many listings in a majority of markets – and especially those in lower price ranges – had multiple offers and went under contract quickly because of severely inadequate supply,” adds Yun. “This in turn dented affordability and without a doubt priced out a segment of buyers attempting to seek relief from fast-growing rents.”

The five most expensive housing markets in the second quarter were the San Jose, California, metro area, where the median existing single-family price was $1,085,000; San Francisco, $885,600; Anaheim-Santa Ana, California, $742,200; urban Honolulu, $725,200; and San Diego, $589,900.

The five lowest-cost metro areas in the second quarter were Youngstown-Warren-Boardman, Ohio, $85,400; Cumberland, Maryland, $94,900; Decatur, Illinois, $95,600; Binghamton, New York, $105,500; and Rockford, Illinois, $109,000.

Metro area condominium and cooperative prices – covering changes in 59 metro areas – showed the national median existing-condo price was $227,200 in the second quarter, up 4.8 percent from the second quarter of 2015 ($216,700). Forty-four metro areas (75 percent) showed gains in their median condo price from a year ago; 14 areas had declines.

NAR President Tom Salomone says REALTORS® in most areas say market conditions have remained competitive well into the summer. “The further decline in mortgage rates in recent months is bringing new buyers into the mix on top of the pool of those who have yet to close on a home because of insufficient supply,” he says. “With the large number of homes selling at or above listing price, buyers should work with a REALTOR® to ensure they’re only searching for and making offers on a home that fits within their budget.”

Regional Breakdown

Total existing-home sales in the Northeast jumped 7.6 percent in the second quarter and are 11.3 percent above the second quarter of 2015. The median existing single-family home price in the Northeast was $273,600 in the second quarter, up 1.6 percent from a year ago.

In the Midwest, existing-home sales leaped 10.4 percent in the second quarter and are 6.6 percent higher than a year ago. The median existing single-family home price in the Midwest increased 5.1 percent to $191,300 in the second quarter from the same quarter a year ago.

Existing-home sales in the South inched forward 0.3 percent in the second quarter and are 4.2 percent higher than the second quarter of 2015. The median existing single-family home price in the South was $214,900 in the second quarter, 5.9 percent above a year earlier.

In the West, existing-home sales climbed 1.4 percent in the second quarter but are 2.2 percent below a year ago. The median existing single-family home price in the West increased 6.5 percent to $346,500 in the second quarter from the second quarter of 2015.

ann arbor home prices continue to rise in michigan.  

DIYpsi Summer Festival 2016

by Tom Stachler,ABR,CDPE - Group One Realty Team

 

DIYpsi Summer Festival 2016

  • Over 80 handmade vendors representing the best of the midwest
  • Live music and our region’s best indie bands
  • handcrafted eats + specialty craft brews

August 27: 11am-8pm (bands til 11)
August 28: 12pm-6pm

ABC Microbrewery
(Corner Brewery)
720 Norris St.
Ypsilanti

Admission: $1 Suggested Donation
21+ unless accompanied by a parent or guardian

http://www.diypsi.com/Click Here for more Information


 

Check Out and Ogle the Priciest Homes in the Country

by Tom Stachler,ABR,CDPE - Group One Realty Team

Do you ever dream of living in a mega mansion with a swimming pool-sized bathtub and a guest house that can fit a football team? Of course you do. Whether you want to walk the halls where celebs once clicked their heels, or prep a meal in a gourmet kitchen ripe for a Cooking Channel reality show, we've all day dreamed about what we would do with an epic living situation.

Unfortunately, most of us won't ever have a few mill to drop on housing.  But for the sake of playing pretend, we've got a list of the top 10 most expensive homes on the market in the U.S., courtesy of Point2Homes.

2000 S Ocean Boulevard, Manalapan, Fla., $195,000,000

SOceanBlvd

This is a once-in-a-lifetime opportunity to get your hands on one of the greatest estates in the world. It covers a total of 15.65 acres on the exclusive Barrier Island just south of Palm Beach and it shares a 1,200-foot border with the Atlantic Ocean. It has a staggering 33 bedrooms and 47 bathrooms – more than enough for you to host legendary parties! The setting is a breathtaking botanical oasis which opens out onto a wide sandy beach. And if that doesn’t provide enough recreational opportunities, there’s always the tennis court, the swimming pool and the PGA-standard golf practice area!

301 N Carolwood Dr., Los Angeles, Calif., $150,000,000

N_Carolwood_Dr

This Holmby Hills estate is in an area known as the "Platinum Triangle" which has been Home to Hollywood royalty for decades, and the Carolwood Dr. address is particularly prestigious – it was home to Barbra Streisand once upon a time. The estate truly is an immense – and immensely stylish – development, with buildings covering 38,000 sq ft. It has 10 beds and 20 baths, a lounge, a wine room and a theater complex, so luxury is never in question. There is also a spa which boasts an indoor waterfall and a lap pool along with steam and massage rooms.

Palazzo di Amore Lania Lane, Beverly Hills, Calif., $149,000,000

palazzo

As you might expect from the name and the address of this estate, it is a fusion of Beverley Hills good living and Mediterranean beauty. For example, there is not only a state-of-the-art theater and a discotheque, but also a formal garden and a wine producing vineyard. As you would expect, a pool, a spa and sports facilities are available to residents. The architecture encourages both a feeling of opulence and a family vibe which ensures that everybody feels at home. Literally thousands of guests can be accommodated and they will certainly be made to feel very special!

90 Briar Patch Road, East Hampton, New York, $140,000,000

Briar

This superb 11-acre estate with its quarter-of-a-mile waterfront is without a doubt one of the most beautiful properties in the Hamptons. It sits on a knoll looking out over Georgica Pond – the coastal lagoon where Bill Clinton had his Summer White House for two years – and there are splendid views of the Atlantic Ocean. The grounds contain century-old trees, a pond and elevated lawns, and they even provide a sanctuary for some rare bird species. There are 2 residences, both designed by renowned architect Peter Marino, and having a total of 10 bedrooms and 9.5 bathrooms.

1187 North Hillcrest Road, Beverly Hills, Calif., $135,000,000

North Hillcrest

Back in Beverly Hills we have this exquisite estate beautifully located on a 2.5 acre promontory. The buildings cover 18,000 sq ft and feature opulent dining and living rooms, 7 bedrooms and 10 bathrooms, all built with the finest materials and capped off with designer touches such as gold leaf crown moldings and hand woven carpets. The grounds hold a swimming pool and pavilions that are ideal for entertaining and relaxing, and as you would expect from such a location, the views are superlative.

2500 E Valley Rd, Santa Barbara, Calif., $125,000,000

east valley

This magnificent property, known as the Rancho San Carlos, covers no fewer than 237 acres and lies near the town of Montecito. The large manor house was designed by renowned architect Reginald Davis Johnson utilizing two natural terraces and locating the living spaces around a gracious central courtyard. Construction has been achieved with brick and pale stones. Needless to say, most of the rooms are palatial and the kitchens are large and well equipped. The grounds include productive orchards and extensive equestrian facilities, and if this wasn’t enough, there are also 10 residential cottages here.

834 5th Ave # 78A, New York, N.Y., $120,000,000

NYC

This is the largest original apartment on New York‘s Fifth Avenue and the listing represents a rare opportunity. It is a front corner duplex which is situated on the 7th and 8th floors – which are linked by a grand staircase – and comprises no fewer than 20 rooms that have hardwood flooring, 12.5 ft. ceilings, and original moldings. One thing that shouldn’t be forgotten is the superb view over Central Park. The apartment is considered to be one of the finest works of renowned Manhattan architect Rosario Candela and is part of a cooperative which offers residents a high level of service.

5225 Figueroa Mountain Rd., Los Olivos, Calif., $100,000,000

Figueroa

This estate near the town of Los Olivos is now called the Sycamore Valley Ranch, but it used to be known as "Neverland" when it was the residence of singer Michael Jackson. Built in 1982 in a French Normandy style, meticulous attention to detail is in evidence throughout. The gardens have been extensively landscaped and include a large lake with a waterfall, a swimming pool with an adjacent pool house, and a large covered barbecue area for entertaining. The grounds also contain other buildings including three separate guest homes, a large movie theater, barns, corrals and animal shelter facilities.

26 Pond Road, Great Neck, N.Y., $100,000,000

26_Pond_Road

Imagine eight acres of stunningly landscaped grounds which include fountains, elegantly tiled pathways and a private yacht pier. Imagine living somewhere where you have views of both the New York skyline and the Long Island Sound. And we haven’t yet mentioned the interiors of the three palatial residences at this Great Neck estate, interiors which feature Smart Home global technology and which are replete with top quality natural materials and exquisite finishes. There are also outdoor and indoor pools, health complexes, games rooms, a bowling alley and even a casino.

10 Cannon Point, Key Largo, Monroe County, Fla., $95,000,000

key largo

This listing is special – it’s an entire island! Situated in Card Bay Sound in the Florida Keys, Pumpkin Key covers an area of 26 acres and certainly offers privacy, but with Miami’s South Beach a 10-minute helicopter ride and Ocean Reef a 10-minute boat journey away, you won’t feel isolated. There is one main home with three bedrooms, two caretaker’s cottages and a dock master’s apartment. For sailors there is a 20-slip marina that’s big enough for a mega-yacht, and offshore, there is North America’s only living coral barrier reef and some quite phenomenal fishing opportunities.

10250 West Sunset Blvd, Holmby Hills, Calif., $88,000,000

SunsetBlvd

Back in California’s Holmby Hills we have this magnificent 3-acre estate, claimed to be the "crown jewel" of LA’s "Platinum Triangle." It was designed in the 1930s by renowned local architect Paul Williams and luxury is always at the forefront. There are 22 bathrooms to complement the 17 bedrooms, plus a sophisticated bath house and a large movie theater. No fewer than five beautiful gardens surround the residence, and each room gives exquisite views of these. But perhaps best of all, the residence manages to combine two important functions, being both a great place for entertaining guests and a retreat for enjoying family life.

Saline Summerfest 2016

by Tom Stachler,ABR,CDPE - Group One Realty Team

GREAT FUN FOR THE LOCAL COMMUNITY

On a fine summer weekend, along the streets of Downtown Saline, a wonderful assortment of activities, attractions, and amusements will bring together people of all ages and interests. It’s a super hometown celebration – Saline’s Summerfest 2016!

​Click here for more information. 

EAGLE SPRINGS SUBDIVISION IN MILAN MICHIGAN

by Tom Stachler,ABR,CDPE - Group One Realty Team

NEW CONSTRUCTION IN MILAN MICHIGAN - HOMES FOR SALE

google map to eagle springs milan miWelcome to the Eagle Springs located just 3 minutes from Downtown Milan Michigan and only a 15 minute commute to Ann Arbor.  All our new construction Home listings have many standard features that many other builders only offer as options. Each model below is available in 3 different front elevations each and the standard features can be viewed by clicking on their respective Links below.   Click here for mapping directions or the map to the right for a larger aerial image of the surrounding community.   

Eagles Springs is a 158 lot subdivision including our 49 lots now available for your new construction model home.  Lots range up to 1/2 acre with sidewalks and parks and are serviced by the City of Milan for utilities, care of the public streets and trash removal.  Contact Tom Stachler for a list of available the lots and or spec homes.  We are happy to build a home to your specifications as well and the project would be builder funded and not require you to obtain a construction loan.  

Useful Information and Downloads

If you wish to pick out and Reserve a Lot then you can do that risk free while waiting for the builder to provide you with a final price on the home style with options of your choice.  Just complete this Lot Reservation Agreement and give us a call and we can setup a meeting to price out a home for custom designed for you.  If you decide to move forward you will generally need a 5% down payment and then the balance once the home is completed via cash or an end loan from your lender.  If you do not like the price and decide not to move forward together, then your small $500. reservation fee is fully refundable.

We look forward to working with you !

Home Models Offered for Sale

Ashwood 1457' Ranch

Heron 1360' Ranch

Pinehurst 1935' Ranch

 

Stonecrest 1757' 2Story

Cypress 2028' 2Story

Currently Available

STANDARD FEATURES INCLUDE

  • Brick on Four Sides of the house!
  • Cable Jacks and and Ethernet jack for your wireless access point
  • Prep for Flat Panel Above Fireplace
  • Hardwood or Ceramic Floors in Foyer, Hall, Powder Room, Kitchen/Nook
  • Ceramic Floors in Baths Standard
  • Thicker 2 x 6" Walls for Higher Energy Savings & R-21 rating
  • Oak Raised Panel Cabinets with Dove Tailed Construction
  • Granite Kitchen Island or countertop breakfast bar
  • Concrete Driveway and Sidewalks
  • MB Ceramic Tile Tub & Shower Surround
  • Electric Garage Door opener
  • Granite Counters Throughout with Under mount sinks
  • 9 ft Extra High-Full Basements
  • Basement Rim joist Insulation
  • One Egress Window & two Ventilated Glass Block Windows in Basement
  • Garbage Disposal Standard
  • Central Air Conditioning and High Efficiency Furnaces - Standard
  • 8 Recessed Lights at no charge

OUR STANDARD FEATURES EXCEED THOSE OF ANY OTHER BUILDER

More About Milan Michigan

If you are thinking that Milan, Michigan, is named after that city across the Atlantic Ocean in Italy, you are correct. The Milan here in the states is located partially in Monroe County (about 40 percent of the its total area and 25 percent of its citizens) and partially in Washtenaw County (about 60 percent of the its total area and 75 percent of its citizens).

The City of Milan resides about 50 miles southwest of Detroit, 40 miles northwest of Toledo, Ohio, and 15 miles southeast of Ann Arbor, and is home to nearly 6,000 residents. It is able to boast an impressive population increase of more than 16 percent since the year 2000.

The myriad of homes for sale in Milan include some spectacularly beautiful and devotedly maintained 19th century Victorian, Italianate, Art Modern and International architecture, for which the city's downtown was rewarded with a highly coveted spot on the National Register of Historic Places.  Many are quaint, lovely, charming and unique.

According to Sperling's Best Places, the median cost for one of the homes for sale in Milan was an amazingly affordable $83,300 in 2012. Milan's average home appreciation was nearly 3 percent last year. But just in case you need more reasons to love Milan, it contains approximately 200 acres of magnificently maintained parkland and, in comparison to the rest of the United States, offers a cost of living that is more than 14 percent lower than the national average.

Established in 1831, and named Tolanville by founder John Marvin after his son-in-law, the area of land remained officially classified as a village until 1967, when it gained cityhood as Milan.

Some of Milan's Most Popular Attractions Include:

Watch this Video for some more information about the subdivision and the surrounding community. Its a great place to live for those looking for that small town feeling and friendly neighbors.  Click the 4 arrows bottom right corner for a larger HD image.  

 

 

 

 

tom stachler, broker, real estate, homes, houses, new, construction, milan, michigan, for, sale, property, vacant, land, available, ann arbor, saline, purchase, city, of, village, subdivision

3500' Home on 12.75 Acres 20468 PLEASANT LAKE RD, MANCHESTER, MICHIGAN

by Tom Stachler,ABR,CDPE - Group One Realty Team

NEW LISTING - EASY ACCESS TO CHELSEA AND ANN ARBOR

GREAT Home on over 12 acres packed with features including high efficiency mechanicals, in ground pool, large out building and every bedroom has a bath.  Located just 10 minutes from Ann Arbor

  • Corian counters
  • ​Dove tailed cabinet drawers
  • Huge pantry room
  • Anderson Windows
  • Large Laundry and Mud Rooms
  • First Floor Master Bedroom
  • Jack n Jill Bedrooms with Bath
  • Low maintenance brick on 4 sides
  • 9.5' high walk out basement partially finished
  • 4.5 baths / 4 Bedrooms
  • ​Soaring Ceilings throughout
  • In Ground Pool
  • Paver patios
  • 12.75 Acres
  • Large Out building

Call for a Showing appointment today

20468 PLEASANT LAKE RD, MANCHESTER, MICHIGAN​

Displaying blog entries 281-290 of 564

Syndication

Categories

Archives