Cloister Homes Sales History – Last 12 months 2011


Many neighbors have asked for more information about Sales prices. Here it is…..

Sales History for Cloister Sales Over the last 12 Months

Most Cloister units have sold at below appraised value during the last year. Transaction records with a zero sales price are not included.

Sales Price Street Appraised Value Sales Price-Appraisal

105000

CANA

161400

-$56,400

120000

CANA

146300

-$26,300

140000

CANA

168700

-$28,700

128000

MARQUETTE

152600

-$24,600

126000

LOYOLA

148800

-$22,800

117000

EMMA NEUHOFF

137800

-$20,800

125000

MT CARMEL

145300

-$20,300

132000

SIENA

152900

-$20,900

134000

GLENMARY

153400

-$19,400

125000

CANA

142900

-$17,900

128000

SIENA

146200

-$18,200

125000

CANA

142100

-$17,100

129774

CANA

145900

-$16,126

130000

CLOISTER

143300

-$13,300

152000

SIENA

167100

-$15,100

143000

CANA

149400

-$6,400

137500

EMMA NEUHOFF

143400

-$5,900

167000

MARQUETTE

167000

Sold at Appraised

166500

LOYOLA

164500

+$2,000

205500

GLENMARY

170900

+$34,600

170000

SIENA

140200

+$29,800

Three things can influence selling prices……

  1. Was the home owned as Leased property or  Fee Simple property?
  2. Was the home in “Move right in” condition.
  3. Did the home have major inside improvements and appliance upgrades?
Project Avg. Cost Resale Value % Cost Recouped
Replace front entry door with steel door $1,248 $1,217 98
Vinyl siding replacement $10,908 $8,920 81
Fiber cement siding replacement $13,497 $10,710 79
Foam-backed siding replacement $13,369 $10,489 79
Vinyl replacement windows $11,408 $8,766 77
Wood replacement windows $12,410 $9,248 75
Attic bedroom addition $53,780 $39,292 73
Minor kitchen remodel $22,130 $15,973 72
Bathroom remodel $17,383 $11,817 68
Major kitchen remodel $59,905 $39,860 67
Basement remodel $67,455 $41,127 61
Master suite addition $111,857 $67,612 60
Deck addition (composite) $39,270 $22,584 58
Sunroom addition $76,580 $38,661 51

Some of the projects above do not apply to Cloister Condo properties. Others will require Variance approval. To see sample of Cloister variance request see the official Cloister at St Henry website. Contact David Floyd and Assoc., the Cloister Property Manager, for information about the Cloister website they maintain.

Before and After Bath Remodel

The costs recouped on a remodeling project depend on a variety of factors including the condition of the rest of the house, the value of similar homes nearby, and the rate at which property values are changing in the surrounding area. If resale value is a factor in your decision to remodel, consult with a local remodeler about construction costs and look closely at the comps and market conditions in your area. Did the home have major inside improvements and appliance upgrades?

Only three units were sold in Rochford Construction’s Ashley Green in Bellevue over the last 15 months:

SALE_DATE

SALE_PRICE

SUITE

PROP_ADDRESS

TOTAL_APPR

Sales-Appraised

3/23/2011

143000

BRADFORD GRN

163700

-$20,700

1/18/2011

192500

NEWSOM GRN

206200

-$13,700

5/5/2011

165000

MYHR GRN

169200

-$4,200

I have counted only properties where a selling price was recorded. There have been no sales in Ashley Green during the last 10 months since May, 2011.

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