More Overpriced Mid-County Homes! It Ain't 2005 No More!

A new house nearby popped on the market in the last couple weeks and this one was of particular interest to me, since it stands on the lot where our old former house stood! The address now is 9125 Pine Avenue in Brentwood, but when we lived there it was 9121 Pine, a 1950's 1800 square foot 3 bedroom brick ranch, much like the one we live in now just a mile or so away in Richmond Heights. After we sold that house in the mid 1990's, it was purchased by a couple who then sold it several years later to Kingbridge Homes who was building a bunch of "teardowns" or "fill-ins" in western Brentwood in the early to mid 2000's. Our old house sat on a double lot in Parkridge, so when it sold they demolished the house, split the lot in half and built two large blocky homes in its place. 

So when we drove by the other day and I saw a "For Sale" sign pop up in front of it, I had to see what they were asking for it. I was rather surprised to see it listed at $774,700 which seems rather high, but when I checked its sales record on the County web site, I see it sold for $815K in January 2005 back at the peak of the housing bubble. They must not have checked the sale price on the Kingbridge built home on the corner of Lawn and High School (9102 Lawn) that was for sale forever. That one sold at an incredible $921K in July 2005, and they had been listing it for sale forever the last couple years until it finally sold June 2011 for $560K. Its listing price went from $849K to $795K to $599K. If they can sell that house on Pine for over $600K I will truly be shocked. It is a nice, newer house in a fantastic Brentwood location and close to the very highly rated Brentwood schools, but there are some very nice $300 to $400K homes nearby that would also put you in that same great location and school district. Or for under $400K you can live in our neighborhood a mile north in the Ladue School district. Hey, I can find two different homes in the $700K range in Ladue Schools in Richmond Heights selling for less than that house on Pine that I would rather have.


I also need to take a camera with me when we walk around our our abode to take a shot of the new teardown being slowly finished in our neighborhood. That is one weird looking house with some bizarre brickwork! All we need is another beautiful evening here in St. Louis now that the time has changed!

Comments

glen allen va homes for sale said…
Wow! Looks really good property for sale. I hope it would be affordable. I think this is great chance by real estate. It is nice to see this blog about the real estate property.
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