It took a while but it’s finally a done deal for the sellers of 5120 N Hacienda Del Sol Rd.
It started out in November 2008 at $1,995,000 and sold the other day for $1,140,000 ($224/sf) - from its most recent list price of $1,245,000. Disappointing I’m sure. And it’s such a beautiful house too, how could it take so long?
Well, aside from starting out in the fall of 08 at $1,995,000, I’m guessing that buyers were not enamored with its proximity to Hacienda del Sol Road. People who are spending that kind of money have options and, in my experience, being close to the road is not where they want to be. And while it is officially in Cat 10, it is not within the gated area of Cat 10, it’s on the periphery.
But at the right price the road and other annoying features tend to fade away. And at this price you couldn’t even come close to building this house – 2004 built, 5092 sf of masonry construction – no way.
But this is just the latest to sell for a pittance along Hacienda del Sol Rd. I called it '”the street of broken dreams” in a post a couple of years ago. During the boom there were quite a few homes built along Hacienda del Sol and not this one, but many of them were spec homes, and every one of them took forever to sell and ended up selling for a pennies on the $$, some as foreclosures and short sales. Road kill.
5120 N Hacienda Del Sol Road Tucson, AZ 85718
(Listed by Long Realty)
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