My friend, who's husband owns a mortgage business, told me that Cedar Hills was just tagged as a declining market--an area where prices are on the downward slide. Apparently this means that lenders won't give you mortgage insurance, thus forcing you to put 20% down.
Matt and I want to buy an investment property. We are trying to wait until the market bottoms out so we won't lose any equity. In an effort to do this, I am going to be posting a regular evaluation of what I find on the market in Cedar Hills.
3 bedroom 2 bathroom at least 2500 square feet, 2 car garage single family homes in Cedar Hills:
1.
3 bed 3 bath upper CH, built 2007
3115 sq. ft. (1990 finished)
.07 acres
$260,000 ($83.5/sq. ft.)
2.
3 bed/3 bath upper CH built 2007
3390 sq ft (2042 finished)
.07 acres
$260,000 ($76.7/sq.ft.)
Notes: no yard
3.
4 bed/2.5 bath golf course CH built 2006
3017 sq ft (2148 finished)
.13 acres
$260,000 ($86.2/sq ft)
4.
6bed/3.5 bath lower old CH built 1977
2673 sq ft (all finished)
.23 acres
$275.000 ($102.9/sq ft)
5.
5 bed/3 bath lower CH built 1999
2668 sq ft (all finished)
.15 acres
$284,999 ($106.8/sq ft)
6.
5 bed/2.75 bath my neighborhood CH built 2000
2564 sq ft (all finished)
.22 acres
$322,900 ($125.9/sq ft)
7.
5 bed/3 bath my neighborhood CH built 1998
3079 sq ft (finished)
.29 acres
$365,900 ($118.8/sq ft)
Overall: Utah county 5141 for sale
CH 448 for sale
4 comments:
Interesting... it will be interesting to see what happens to the prices. With your tabs, maybe we'll figure out where that bottom is!
very interesting! I'm just sad I had to buy at the high point.
Ceder Hills? oh... So pretty area! :) I love it there!
Reading this post reaffirms my fear that we'll never be able to afford a house.
But these are really nice to look at.
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