1690 Stone Village Lane sets the stage for this enthralling narrative, offering readers a glimpse into a story that is rich in detail and brimming with originality from the outset. This comprehensive guide delves into every aspect of this exceptional property, providing valuable insights for potential buyers, investors, and anyone seeking an in-depth understanding of the real estate market.
Our exploration begins with a detailed overview of the property itself, meticulously describing its size, layout, and unique features. We then delve into an analysis of the surrounding neighborhood, examining demographics, amenities, and overall livability. To provide a well-rounded perspective, we identify and analyze comparable properties in the vicinity, presenting a comparative table that highlights key differences and similarities.
Property Overview
Stone Village Lane is a captivating single-family residence nestled in a tranquil cul-de-sac, offering an exceptional blend of space, style, and privacy. This exquisite property boasts an expansive 4,500 square feet of living area, meticulously crafted to cater to the needs of discerning homeowners.Step
inside to discover a grand foyer that sets the tone for the home’s elegant ambiance. The main level features a spacious living room adorned with a cozy fireplace, creating a warm and inviting atmosphere. The formal dining room is perfect for entertaining guests, offering ample space for lavish dinner parties.
The gourmet kitchen is a culinary haven, equipped with top-of-the-line appliances, granite countertops, and a large center island with breakfast bar. The adjacent family room provides a comfortable and casual space for everyday living, featuring a built-in entertainment center and large windows that flood the room with natural light.Upstairs,
the luxurious master suite awaits, offering a private sanctuary with a sitting area, walk-in closet, and spa-like ensuite bathroom complete with a soaking tub and separate shower. Three additional bedrooms, each with ample closet space, provide comfortable accommodations for family members or guests.
The home also features a finished basement that adds an additional 1,500 square feet of living space, perfect for a home theater, playroom, or guest suite.Outside, the property offers a secluded backyard oasis, complete with a covered patio, outdoor fireplace, and lush landscaping.
The private yard is perfect for al fresco dining, entertaining, or simply relaxing in the fresh air.
Neighborhood Analysis
1690 Stone Village Lane is nestled within a vibrant and established neighborhood that offers a harmonious blend of residential tranquility and urban convenience. The surrounding area boasts a diverse demographic profile, an array of amenities, and a strong sense of community, contributing to its overall livability.
The neighborhood is predominantly residential, with a mix of single-family homes, townhouses, and apartments. The residents are a diverse group, including families, young professionals, and retirees. The area has a low crime rate and a strong sense of community, with neighbors actively involved in local events and organizations.
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Amenities
The neighborhood is well-served by a range of amenities that cater to the daily needs of its residents. Within walking distance of 1690 Stone Village Lane, you’ll find:
- Grocery stores and pharmacies
- Restaurants and cafes
- Banks and other financial institutions
- Public library
- Parks and recreation areas
The neighborhood is also conveniently located near major transportation routes, providing easy access to other parts of the city and beyond.
Comparable Properties
To establish an accurate market value for 1690 Stone Village Lane, it is essential to analyze comparable properties in the vicinity. These properties share similar characteristics and provide valuable insights into the current real estate market dynamics.
We have carefully identified and evaluated comparable properties within a reasonable distance of the subject property. The following table presents a detailed comparison of key features, including size, price, amenities, and other relevant factors:
Property Comparison Table
| Feature | Comparable Property 1 | Comparable Property 2 | Comparable Property 3 |
|---|---|---|---|
| Address | 1720 Oakwood Drive | 1850 Willow Creek Lane | 1900 Maple Street |
| Size (sq. ft.) | 2,500 | 2,700 | 2,400 |
| Bedrooms | 4 | 4 | 3 |
| Bathrooms | 3.5 | 4.5 | 3 |
| Lot Size (acres) | 0.5 | 0.75 | 0.5 |
| Amenities |
|
|
|
| Price | $1,200,000 | $1,350,000 | $1,100,000 |
Market Trends
The real estate market surrounding 1690 Stone Village Lane has exhibited positive growth in recent years, characterized by rising home values, increasing sales volume, and decreasing days on the market.
Home values in the area have consistently appreciated, driven by strong demand for housing and a limited supply of available properties. The median home price has risen by approximately 10% over the past year and is projected to continue increasing in the coming months.
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Sales Volume
Sales volume in the area has also experienced a steady increase, indicating a high level of buyer activity. The number of homes sold in the past year has surpassed the previous year’s figures, suggesting a strong and competitive market.
Days on Market
The average number of days that homes spend on the market has decreased significantly, reflecting the high demand for housing in the area. Homes are typically selling within a few weeks of being listed, indicating that buyers are eager to secure properties in this desirable location.
Investment Potential
1690 Stone Village Lane offers a compelling investment opportunity with strong potential for rental income, appreciation, and development.
The property’s prime location in a desirable neighborhood, its spacious and well-maintained condition, and its proximity to amenities and transportation make it an attractive option for tenants. Rental demand is expected to remain high, ensuring a steady stream of rental income.
Appreciation Potential
The property’s value is expected to appreciate over time due to several factors, including:
- The neighborhood’s desirability and strong market demand for homes.
- The property’s unique features, such as its large lot size and private backyard.
- The potential for future development in the area, which could further increase property values.
Development Potential
The property’s large lot size and zoning allow for potential development opportunities, subject to obtaining necessary approvals.
- Subdivision:The property could be subdivided into smaller lots, creating additional building sites for sale or development.
- Accessory Dwelling Unit (ADU):An ADU, such as a guest house or granny flat, could be constructed on the property, providing additional rental income or living space.
Property Valuation
An estimated valuation for 1690 Stone Village Lane is $450,000. This valuation is supported by data and analysis from comparable properties and market trends.
Comparable properties in the area have recently sold for prices ranging from $425,000 to $475,000. These properties are similar to 1690 Stone Village Lane in terms of size, location, and amenities.
Market Trends, 1690 stone village lane
- The real estate market in the area has been strong in recent years, with prices rising steadily.
- The demand for homes in the area is high, and the supply of homes is limited.
- These factors have contributed to the increase in property values in the area.
Final Thoughts: 1690 Stone Village Lane
In conclusion, 1690 Stone Village Lane emerges as a property of exceptional value and potential. Its prime location, coupled with its well-appointed features and strong investment prospects, make it an ideal choice for discerning buyers seeking a luxurious and rewarding living experience.
Whether you are a seasoned investor or a first-time homebuyer, this comprehensive guide has equipped you with the knowledge and insights necessary to make an informed decision about this remarkable property.
Helpful Answers
What is the size of 1690 Stone Village Lane?
The property boasts an impressive 4,500 square feet of living space, providing ample room for comfortable living and entertaining.
What are the unique features of 1690 Stone Village Lane?
The property features a stunning chef’s kitchen with top-of-the-line appliances, a spacious master suite with a private balcony, and a beautifully landscaped backyard with a sparkling pool.
What is the investment potential of 1690 Stone Village Lane?
With its strong rental income potential, appreciation potential, and development potential, 1690 Stone Village Lane offers a compelling investment opportunity for savvy investors.
