Can Anything Overcome Location?

by Nick Molnar on March 21, 2009

1 Acre Lot
2-story Foyer
Beautiful Kitchen
Wraparound Porch
Cathedral Ceilings
Finished Lower Level
Privacy Fence
Pool 

What would it take for you to spend $379,000 here?

 
click for a larger image.


{ 4 comments… read them below or add one }

BG March 23, 2009 at 1:50 pm

Several years ago I took my wife to an open house of a builder’s spec house in Granger. We did not realize until we got there that the lot backed up to the Toll Road. The cumulative noise of all those cars and trucks was incredible. Even standing at the end of the driveway I had to raise the level of my voice dramatically.

The power station would not bother me as much. A row of tall pine trees could solve that problem.

Is that the By-Pass, or Capital Avenue? In either case, it may not be quite as loud as the Toll Road, but I don’t think there is anything they could do to get me to spend $379k to live there. (Assuming I could afford a $379k house in the first place.) Obviously there is some price where I would live there, but it would be substantially less than that.

Who knows? Maybe their target customer is out there somewhere — a rich, deaf person who loves to swim.

Reply

Nick Molnar March 23, 2009 at 2:44 pm

It’s Capital Ave.

Reply

Tracy March 23, 2009 at 3:42 pm

BG – loved your comment on the possible target customer. Very funny!

I know where this house is and it’s a shame that the developer didn’t just forgo the lot there and leave green space. A row of trees might block out the visual of Capital Ave but even trees transplanted from The Redwood Forest aren’t going to block the hideous power station.

I feel bad for the sellers. But then again, they bought it so I guess chances are that there will be another buyer out there too (perhaps the deaf swimmer).

Reply

Anon Alum March 25, 2009 at 12:38 am

The toll road noise comment is accurate. Living next to the toll road would be a 24 hour a day noise maker and deal breaker for me given all of the open land in Michiana. I think that is one of the reasons Pendle Woods did not “take off” despite being a nice community with well built homes. Locals didn’t take to Pendle Woods because of (1) price (they had many other options at lower prices) and (2) toll road noise. The only draw really was the proximity to Notre Dame which explains who bought there and why….and also that the neighborhood is a “ghost town” most of the year. The development still has about 25% of the lots remaining (12/50) according to the website…and this is about 5 years into it. Pretty slow given how nice the product is. Moreover, the most recent information I came across shows that 5 lots have builder homes on them…which means 17/50 or one third of the development remains unsold.

I’d be curious to know what’s been happening at North Douglas Condos and Keenan Court. I still feel North Douglas would have made a much better apartment complex than a condo complex. Also, any update on the student housing thing over by Little Flower Church that was to be built??? Much thanks!

Reply

Leave a Comment