Shawn Riley Real Estate

"We choose to go to the Moon in this decade and do the other things, not because they are easy, but because they are hard...". President John F. Kennedy made that proclamation in 1962 during a speech at Rice University.

Some times residential real estate is easy. However, many times it's not. Thursday, I had two closings. One with a young couple starting their life together and purchasing a great home in South Lyon. I actually started searching for houses for the young man long before their engagement about 4 years ago. At that point, there was no interest in paying above asking price for a house. We finally won out by beating our 3 other offers, had the ability to close quickly, and went well above asking price. The house appraised at the elevated sale price which now is built into the mortgage payment and keeps the cash in pocket to use for future improvements.

The second closing unfortunately went to the other end of the spectrum. The Sellers together own 9 investment homes. They started divorce proceedings well over a year ago. Attorneys, mediation, and a lot of frustration.

If it was easy, everyone would be in the business. In the 30+ years that I've been in the ring, I've learned a many key skills.

While I wish every deal was easy, the reality is it's not. The difficult ones, or the ones that take a long time are very rewarding as the original mission was accomplished.

Thanks to both my buyers in scenario #1 and to my sellers in scenario #2.

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Real Estate Perspective:

To get a vacant lot on Thayer Boulevard with walkout potential in the City of Northville just under .6 acres would cost about $600,000.

To build a 5,000 sf Colonial house with average finishes (not including the lot) would cost a minimum of $400 per square foot.

Finishing the basement would add a minimum of $150,000.

Upgraded finishes would easily add $250,000.

Just taking these basic figures, you are at $3,000,000

We didn't even look at the costs of the exterior landscaping, 15,000 sf salt water pool, a very private location two doors away from Our Lady of Victory Church & School, and a just over a 1/2 mile stroll to Downtown Northville.

Facts on this listing:

TOTAL FINISHED SQUARE FOOTAGE: 7,125 (5,125 above grade)

5 full an 2 half baths

Upscale Old World finishes and craftsmanship

4 spacious bedrooms which includes a fantastic Primary Suite with 2 enormous walk-in closets

Multiple balconies, porches, 3-car garage, theater, fantastic wine cellar and so much more.

Mike Miller who built this home is happy to meet you to discuss any questions regarding the construction and/or to talk about making this home your own.

For a Private Showing or more info, PM me.