I stopped into Legends at Parkview recently to find out how the new project was coming.  They didn’t have a model ready to go yet, but should have one built out completely soon.  And I’ll be back to visit when it is ready to go.  But, in the mean time…

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Image by lane.bailey via Flickr

If you haven’t been following along, DR Horton picked up the remaining lots after another local home builder went belly-up on the project.  Previously, homes had been marketed for as much as $700,000 in the development, with most of the homes they sold selling in the $500K range.

DR Horton was shooting considerably lower… currently starting in the $290Ks.  But there is even a little more to it than that.  When they picked up the project they were advertising in the $260Ks.

It has been kind of interesting.  Every few weeks, while driving by, I would notice that the prices had edged up a little.  First was the $260s, then the $270s, then $280s… and now it is from the $290s. (expect to add about $35k for a basement).

On the good side, these are reasonably comparable.  They are generally slightly smaller than the existing homes.  But they are 4 sides brick with interesting elevations. But they aren’t a custom home builder.  While buyers will have their choice of finishes and colors, they won’t be able to make major changes.

While the previous builder was primarily building with 3 car garages, the DR Horton homes are almost exclusively 2 car garages… but almost all will be side entry.  One of the plans actually calls for a three car front entry garage… but it has been converted to two car side entry.  But it is deep enough for a nice project space at the back of the garage…

Stay tuned, and I’ll be happy to post up when I make it into a few of their homes.

If you just can’t wait, give me a call and we can visit together. They have managed to put more than 20 homes under contract.  When they start getting sales closed, they will have one of the hottest properties in the area.  And who can blame the buyers… these homes seem to have built in equity…

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