though not quite as good as the sellers had hoped for.
4222 N Quail Canyon Drive sold in 2004 as a brand new spec home for $655,000 ($197/sf). And two years later they sold it (and made out like bandits) for $1,125,000 ($338/sf) – apparently, a 72% increase in two years didn’t seem out of line to the buyers - though it wasn’t all pure profit, the sellers did put in a lovely pool and spa.
And having made that tidy investment, when it came time for them to sell – in October 2012 – they listed it for $1,185,000 – $60k more that they paid at the height of the market - and it sold yesterday for $844,000 ($231/sf). Which does seem about right. 4222 N Quail Canyon Drive , Tucson, AZ 85750 (listed by Long Realty) -
UPDATE; it has come to my attention that the owners who bought the house in 06 for $1,125,000 (and sold it yesterday for $844k) put more money into it by adding a casita and doing a full update of the interior, thereby justifying, they hoped, the 2012 list price of $1,185,000. Unfortunately, the market saw it differently. And Zillow, if it were up them it would have sold for $776,438
That aside, Sabino Mountain appears to be back in business > on the comeback trail
see thefoothillsToday.com
to find your Tucson Foothills home
