Deal of the Week

The bozTEAM deal of the week is carefully researched from hundreds of listings. Pains are taken to crunch numbers and single out one of the best potential bargains. It's an arduous process that pits bozTEAM members against each other - fighting it out to bring you, the consumer the best of the best.

This week...no fighting. Not a dissent among us. The choice was so crystal clear it was almost too easy.

This week's Deal of the Week is:
Good for the environment: Responsibly renovated with an eye on the Reduce, Reuse, Recycle methodology, as well as accepted standards for maximizing energy efficiency.




Innovative: Influenced by the design principles of noted modernists and 1950's mid century designers, the home uses innovative materials and style on the inside. Yet, it's modest exterior is designed to blend with nature on its large, wooded lot. It is a rare modern marvel among the conservative traditional homes of Belle Meade Highlands.

A BARGAIN!
In this case, let's see what we mean about bargain.

The home was appraised in November, 2007 for $1,125,000. The list price: $949,000. Yes, you read right. That's $176,000 of equity.



Equity like creates additional financing opportunities that might not normally be available in this current market, like low down payments, or even 0 down.
The price per square foot of $204. 31 is 12% less than the current listing average of $231.84 per square foot.

Any way you slice this one, it comes up an attractive deal. "So," You say skeptically, "It must be a dud. What's wrong with it?"

Good question. The only answers we could come up with are:

1. It's been on the market awhile. It's possible the typical buyer in the Belle Meade Highlands market may not be ready for modern or green.
2. It's consertative exterior sits on a secluded lot. While this is ideal for the residents, it is difficult to see as you drive by on the street. It's possible this is why it has been overlooked.
3. The expansive interior space of the home (4645 square feet) is also masked by the exterior colors.

The good news is - it's OPEN SUNDAY, June 21st! So, take a moment to take a look at this week's Deal of the Week and let us know what you think! We think it's a steal.