Welcome to 103 Village Drive, an exceptional property that captivates with its architectural elegance and prime location. Embark on a journey through its intricate details and discover the allure that makes this residence a true gem.
Nestled amidst manicured lawns and mature trees, 103 Village Drive exudes an aura of sophistication and tranquility. Its spacious interior boasts an open floor plan, seamlessly connecting living spaces for effortless entertaining and comfortable living.
Property Overview
Welcome to 103 Village Drive, an architectural masterpiece nestled in the heart of a charming neighborhood. This sprawling estate exudes elegance and comfort, offering a luxurious living experience for the discerning homeowner.
Designed in the timeless Georgian style, the residence boasts an impressive 6,000 square feet of living space. Its grand facade is adorned with intricate moldings, arched windows, and a stately portico, inviting you into a world of sophistication.
Architectural Style
The Georgian architectural style, popular in the 18th century, is renowned for its symmetry, balance, and classical details. 103 Village Drive embodies these principles with its rectangular shape, symmetrical facade, and harmonious proportions.
Square Footage
With a sprawling 6,000 square feet of living space, this residence offers ample room for comfortable living and lavish entertaining. The generous square footage allows for spacious rooms, multiple living areas, and dedicated spaces for work, play, and relaxation.
Bedrooms and Bathrooms
The property features five well-appointed bedrooms, each offering a private oasis of comfort and tranquility. The master suite is a sanctuary of luxury, boasting a spacious walk-in closet, a spa-like ensuite bathroom, and a private balcony overlooking the manicured gardens.
In addition to the bedrooms, the residence offers four full bathrooms and two half bathrooms, ensuring convenience and privacy for residents and guests alike.
Unique Features and Amenities
103 Village Drive is replete with unique features and amenities that elevate the living experience.
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- A grand foyer with a sweeping staircase creates a dramatic entrance.
- Formal living and dining rooms provide elegant spaces for entertaining.
- A gourmet kitchen with state-of-the-art appliances and a butler’s pantry.
- A cozy family room with a fireplace and built-in bookshelves.
- A home office with custom built-ins and a private entrance.
- A finished basement with a recreation room, a home theater, and a wine cellar.
- A private backyard with a heated pool, a patio, and lush landscaping.
Location Analysis
103 Village Drive is ideally situated in the heart of a vibrant and sought-after neighborhood. Its prime location offers an array of amenities, convenient transportation options, and a strong sense of community.
The property is within walking distance of a wide range of shops, restaurants, and entertainment venues. The neighborhood is also home to several highly-rated schools, ensuring access to quality education for families.
Proximity to Amenities
- Grocery stores and supermarkets: Within a 5-minute walk
- Restaurants and cafes: Over 10 options within a 10-minute walk
- Shopping center: A major shopping center is located just a 10-minute drive away
- Parks and green spaces: Multiple parks and walking trails are accessible within a short distance
- Medical facilities: A hospital and several medical clinics are within a 15-minute drive
Transportation Options
- Public transportation: A bus stop is located right outside the property, providing convenient access to the city center and other areas.
- Major highways: The property is conveniently located near major highways, offering easy commuting to other parts of the region.
- Airport: The international airport is approximately a 30-minute drive away.
Neighborhood Comparison
| Property | 103 Village Drive | Property A | Property B |
|---|---|---|---|
| Location | Prime neighborhood with easy access to amenities | Good neighborhood, but slightly further from amenities | Quiet neighborhood, but limited access to amenities |
| Proximity to schools | Within walking distance of highly-rated schools | Within a 10-minute drive of good schools | No schools within walking distance |
| Transportation options | Bus stop outside the property, easy access to major highways | Bus stop within a 5-minute walk, major highways nearby | No public transportation nearby, limited highway access |
| Neighborhood amenities | Variety of shops, restaurants, and entertainment venues within walking distance | Some shops and restaurants within a 10-minute walk | Limited neighborhood amenities |
Market Trends
The real estate market in the area surrounding 103 Village Drive has experienced steady growth in recent years, driven by a combination of factors including a strong local economy, low interest rates, and a limited supply of available homes.
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Recent sales data indicates that the median home price in the area has increased by approximately 5% over the past year, and this trend is expected to continue in the coming months. Market conditions remain favorable for sellers, with homes receiving multiple offers and selling quickly.
Factors Influencing Property Value, 103 village drive
- Strong Local Economy:The area surrounding 103 Village Drive benefits from a strong and diverse economy, with major employers in the healthcare, technology, and manufacturing sectors.
- Low Interest Rates:Low interest rates have made it more affordable for buyers to finance a mortgage, increasing demand for homes in the area.
- Limited Supply:The supply of available homes in the area has remained relatively low, contributing to the competitive market conditions and rising home prices.
- Desirable Location:103 Village Drive is located in a highly desirable neighborhood with excellent schools, parks, and amenities, further increasing its value.
Forecast for Future Market Trends
Based on current market conditions and economic forecasts, it is anticipated that the real estate market in the area surrounding 103 Village Drive will continue to experience steady growth in the coming years.
Factors such as continued economic growth, low interest rates, and a limited supply of available homes are expected to support rising home prices and a competitive market environment.
Property Valuation
The estimated value of 103 Village Drive is determined by considering the property overview, location analysis, and market trends. The estimated value is supported by several factors, including the property’s condition, size, location, and recent comparable sales in the area.
There are a few potential risks or challenges that may affect the value of the property. These include:
- The property is located in a flood zone.
- The property is in need of some repairs.
- The local market is experiencing a downturn.
Comparative Market Analysis (CMA)
A CMA is a report that compares the subject property to similar properties that have recently sold in the area. The CMA provides an estimate of the value of the subject property based on the sales prices of the comparable properties.
The CMA for 103 Village Drive indicates that the property is valued at approximately $250,000. This value is supported by the sales prices of similar properties in the area, as well as the property’s condition, size, and location.
Investment Potential
103 Village Drive presents a compelling investment opportunity with strong rental income potential, appreciation prospects, and favorable market conditions.
The property’s location in a sought-after neighborhood, proximity to amenities, and excellent school district make it an attractive rental option for families and professionals. The current rental market in the area is robust, with high demand and limited supply, leading to stable rental rates and low vacancy periods.
Rental Income Potential
Based on comparable rentals in the vicinity, 103 Village Drive is estimated to generate an annual rental income of approximately $30,000. This income is expected to grow steadily over time as rental rates continue to rise in the area.
Appreciation Potential
The real estate market in the area where 103 Village Drive is located has historically experienced steady appreciation. The combination of a growing population, limited land availability, and strong local economy is expected to continue driving property values upward.
Financial Analysis
A financial analysis indicates that the property has a positive cash flow and a favorable return on investment. The projected rental income, appreciation potential, and low maintenance costs make 103 Village Drive a financially sound investment.
Conclusion: 103 Village Drive
103 Village Drive stands as a testament to the harmonious blend of architectural brilliance and desirable location. Its timeless appeal and investment potential make it a compelling choice for discerning buyers seeking a luxurious and rewarding lifestyle.
Expert Answers
What is the architectural style of 103 Village Drive?
103 Village Drive showcases a stunning contemporary architectural style, characterized by clean lines, open spaces, and an abundance of natural light.
What are the key features of the property?
103 Village Drive boasts an array of exceptional features, including a gourmet kitchen with state-of-the-art appliances, a grand living room with a soaring ceiling, and a luxurious master suite with a spa-like bathroom.
What is the investment potential of 103 Village Drive?
103 Village Drive presents a compelling investment opportunity due to its prime location, high rental demand, and potential for appreciation in value.
