In 2002 I listed the lot down there, X, on Kolb Rd for $120,000. Back then it was just a vacant lot, no house. And the address isn’t Kolb Rd, it’s Foothills View Ct. Much nicer sounding than Kolb Rd, it conjures up quiet, charming and tucked away.
But the showings were few and far between. And when there was a showing, the buyers and their agents sneered at me when they saw it was next to Kolb Rd. Because the image of what a Foothills View Ct should be and the reality of Kolb Rd didn’t mesh. And back then there were no Google maps to check it out before you traipsed over there. So there were a lot of disappointed lookers and a lot of time wasted.
This went on from 02 well into 2003. But then in very late 03 things started to perk up a little bit and I was getting more showings and not getting sneered at quite as much.
And by 04, it was like night and day. No one seemed to care that it was next to Kolb Rd. And buyers and their agents were positively friendly and interested and talkative and nice. And before I knew it, I had two offers in one day, and one of them was for slightly over list price. And the guy that didn’t get it, kept calling me, hoping the deal was going to fall through. It didn’t, and lucky for him.
I was reminded of all this because a house was built on that lot, a spec house, and it went on the market in June 06 for $900,000.Then it was $849,000, then $759,000, and so on and so forth. And it never sold.
And today, 3+ years later, it turned up as a foreclosure listed for $557,000. There’s always a right price, and who knows, maybe this is the one that’ll make the road go away.
see thefoothillsToday.com
to find your Foothills home