Two months ago two new construction TICs hit the market in Lone Mountain. The lower unit (141 Willard) was priced at $1,280,000 and offers four bedrooms, three and one half baths, and a “deck, patio, & garden” off the master suite. The upper unit (143 Willard) was priced at $1,295,000 and offers four bedrooms, three and one half bath, and a “sitting area & spectacular view deck” off master suite.
According to a “plugged-in” tipster, a bidding war erupted on the upper unit (currently in contract) and on 4/9/07 the sellers raised the asking price on the lower unit $75,000 to $1,355,000 (which might suggest a contract price of around $1,370,000 on the upper). On 5/11/07 the price on the lower unit was reduced $45,000 to $1,310,000. And as of today, it’s still available.
The question of the day: were the views of the upper unit simply undervalued relative to the garden below, or is this commentary on what happens when the bidding breaks out?
∙ Listing: 141 Willard (4/3.5) – $1,310,000 (TIC) [MLS]
∙ Listing: 143 Willard (4/3.5) – $1,295,000 (TIC) [MLS]