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SunCrest Appraisals
“The appraisal came in low.” Those are five words you never want to hear in a real estate transaction. Basically, it means that a transaction was based on a home being worth a certain amount of money, but certified appraisers have evaluated the home and in their estimation, determine it’s just not worth that much. It affects sellers, buyers, and may unravel a mortgage company’s ability to lend money.
In SunCrest, as well as the market as a whole, we’re seeing more “low appraisals” in 2016 than we’ve seen in nearly a decade. Why? The law of supply and demand. When demand is high and supply is low, it creates a challenge for appraisers, homeowners, and realtors. Certified appraisers look backward to see what comparable homes have sold for in the past, and when prices are increasing as they have been this year, it can become difficult for appraisers to find adequate, recent comparable sales to defend the current sale price of a home. Although upticks and trends in the market can be considered, appraisals are really rooted in homes sold in the recent past.
If your appraisal comes in low, are you prepared to dispute the value? How about a second opinion? Can you support your value? Were the comparable sales the appraiser used accurate? What about things like view, upgrades, condition, and location?
Our take:
We often tell our clients their house has to be sold twice: first to a prospective buyer who makes an offer, and second to the appraiser who must agree that it’s worth what a buyer is offering. With rising prices, the second sale can be more difficult than the first. Systems, data, and algorithms account for quantifiable data. Having a professional on your team who is able to defend, educate, and most importantly communicate the contract value may save you thousands in the event of a low appraisal.
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$465,000 | 4,308 sq. ft. | 5 beds | 3 baths
Ever find yourself feeling cooped up and cramped in? You know the feeling: elevators, checkout lines, airplanes. Sometimes you just need to spread out a little and exhale. That’s what we did when we saw this SunCrest rambler.
We’re talking sprawling spaces to entertain, gigantic common areas, and bedrooms that ditch the small room trend you’ve been running into. One foot inside, you’ll see what we mean. The large family room and kitchen means meals, homework, or cartwheel competitions can all be done in one place.
The five bedroom, three bathroom rambler style floorplan keeps all your daily necessities on one floor, and plenty of space downstairs for whatever you need.
With over 4300 sq. ft, the floor plan is laid out so well that you can hop from streaming a movie in the theater room, to pumping iron in the workout room, and relaxing on the deck or hot tub as quick as you’d like. Room to roam, as it were.
The whole house has been freshly restyled and updated with trendy gray tones that are oh-so-hot in magazines, tv shows, and home improvement stores. Our favorite update? The main floor master with the spa like retreat and cobble stone walk-in shower, heated quartz floors, and granite counters with vessel sinks.
Although, the kitchen with quartz tile flooring, one of kind Brazilian granite countertops, high-end five-burner gas range, and professionally stained cabinets is a close second.
Need to decide which for yourself which stunning update you like more? We thought so. Reach us here for private tour on this or any other SunCrest home for sale.
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Read MoreHidden Canyon Estates
Recently, Draper City held a public hearing to discuss the preliminary plat for the Hidden Canyon Estates subdivision. We were there and below is a summary of the comments we made.
City council will vote on this matter at their next meeting. PLEASE voice any questions, comments or concerns you have directly to the City Council by emailing them here.
REALTOR® Magazine’s 30 Under 30
This week, I was recognized by REALTOR magazine as a “30 under 30” honoree. This national recognition is given to 30 REALTORS under the age of 30 who “exemplify ingenuity, involvement, dedication, and prowess in the real estate industry.” Wow. I’m blushing.
SunCrest has given me so much, so really this is about giving credit where credit is due. Truly, this recognition would not have been possible without you. From swapping cat videos, chit-chatting at the summer BBQ or new neighbor meet and greet, or rallying together for our winter warm clothes drive, I genuinely recognize that you are what makes this such a noteworthy and special place. SunCrest, and more importantly our people, together have provided me with many opportunities and I am honored to call it home. Thank you for your passion, personality, and your pride. It’s your ingenuity, your involvement, and your dedication that deserve top honors.
Cheers to you, SunCrest. This recognition isn’t about me, it’s about what we’re building together here in our community.
Photo by Ken Hoglund
Read MoreHidden Canyon Estates – Coming Soon!
Get ready for some new neighbors in our mountaintop community — Hidden Canyon Estates is coming soon (Don’t miss a beat— sign up for development updates here). This development sits on approximately 103 acres located east of SunCrest Drive.
What To Expect
Currently, the development is approved for a maximum of 300 single-family homes, each with a minimum 7,500sq/ft (.17-acre) lot. Since there is only one access point off of SunCrest Drive right now, they will be limited to 50 homes until a second access point is built.
This parcel and 2 other parcels were part of a settlement agreement between the existing property owner and Edge homes in 2014. The preliminary plat passed the Draper City Planning Commission is headed to City Council for approval. Upon approval from the Council, the subdivision will include nine phases—the first eight by Edge Homes, and the final phase by the original property owner. View the full plats below.
And What About…?
SunCrest HOA: As of this writing, it’s unclear if they will join the SunCrest HOA.
Open Space: The plat includes two parcels of open space. A .31 acre parcel in Phase 1, and a second .18 parcel next to the city’s existing detention basin.
Parks and Trails: $500,000 will be given to Draper City and be used in the first or second phase trail and trailhead improvements
Traverse Ridge Special Service District: Any subdivision on the property will be a part the Traverse Ridge Special Service District.
Our take:
You may be wondering, “How will new construction impact my home’s value?” New development in any community presents more choices for buyers and sellers. Depending on the size, style, and lot size, new homes can bring new competition to finished homes when it comes time to sell, but they will also bring a lot more people up the hill who are interested in buying in SunCrest. Buyers and sellers all have different goals, timing, and lifestyles that make each experience unique. Finished basements, full mature landscaping, established neighborhoods, and different scenery are all strong features of homes already built, so we expect to see existing home sales remain strong, even with new development looming. Working with a team to help position yourself to stand out in a bigger (and newer) crowd, however, will become even more important for any SunCrest homeowner looking to sell.
Read MoreI don’t typically post this kind of stuff, but I’m so excited and grateful that I can’t keep it in. I am currently among 50 finalists vying to be named “30 under 30” by REALTOR magazine, the official magazine of the National Association of Realtors. This national recognition is only given to 30 rising young stars in the real estate industry under the age of 30.
From the bottom of my heart, thank you! Without SunCrest, this recognition wouldn’t be possible—this community, this lifestyle, and most importantly, your support. I am extremely grateful to be among the final 50 and wouldn’t be here without SunCrest. THANK YOU!
Now from 10AM MST March 25th I could use your vote! One “30 under 30” honoree will be selected by the public as a “web choice winner” while the other 29 by a panel of judges. You can vote once daily per IP address (think: phone, desktop, and/or tablet!)
Click here to vote!
Read More$235,000 | 2,002 sq. ft. | 3 beds | 3.5 baths
March is well known for all sortsa’ madness but we’ll be having none of that here -this tidy townhome is all about eliminating it. Keep your pom poms in the car when you roll up and realize that this is a highly desirable end unit.
That means a 2-car garage, extra windows on your non-shared wall for more natural light, and a little more legroom in the yard for little mister, misses, and your four-legged friend. See if you can keep from cheering.
The inside will test your temperance when the starting lineup is announced: Granite counters, laminate floors, stainless appliances, fireplace, plantation shutters, half bath and a Trex deck to literally scream from the mountaintops, if you wish.
Oh, that was just the main floor. Upstairs has two bedrooms, laundry (washer & dryer included), a master bedroom (3 total rooms) complete with a walk (or dance) in closet and a master bath that will make you want to do the wave.
Downstairs is light and bright with a walkout basement. The room is set up for, well, whatever you want it to be; you pick. Bonus, there’s another full bathroom downstairs.
The Stoneleigh Heights market odds show that this tidy townhome won’t last ’til the final four. Reach us today to get in on the action!
PROPERTY FLYER | FULL LISTING | SCHEDULE A TOUR
Read More$350,000 | 3,632 sq. ft. | 4 beds | 2.5 baths
Is it just us, or do you also think an Adirondack chair fits perfectly on that front porch?
If you can make it past the urge to sit and sip a beverage, step inside to find a fluid floor plan that just, well, makes sense. The generous flex room on the front of the house is perfect for the telecommuter, bookworm, or your great great grandparents’ antique furniture-you know, that “too heavy to move” piano?
Nine-foot ceilings (yep…9) on the main are a terrific match for the wide open family room and kitchen. Oh, and that kitchen? Double ovens, a 5-burner gas cooktop, granite ‘tops, and a perfectly placed prep space that makes serving buffet style easy-peasy.
The upstairs has 4 large bedrooms, a master suite (and grand master bath) with peek-a-boo views of Utah Lake and a bonus loft that is a great space for [insert: family room, play area, or hobby room]. Neutral paint tones on the walls present a clean slate that are ready for your own splash of color.
Downstairs, the unfinished basement is awaiting your crafty customization. A wet bar, perhaps? Game room? More rooms for a growing family? You pick. That stamped concrete out back would look nice with Jack or Jill’s chalk drawing or that smoker you’ve been waiting to fire up. Dinner at 6?
PROPERTY FLYER | FULL LISTING | SCHEDULE A TOUR
Read MoreHidden Canyon Estates
Public hearing for the Hidden Canyon Estates development to be held before the Draper City Planning Commission on March 24th at 6:30. Steve Maddox is the applicant.
Click here to view the full application that will be presented to the city on March 24th.
This particular parcel, along with 20 acres surplussed in 2014 was included to help facilitate a settlement between David Mast and Draper City. Read about it here.
Read more about future SunCrest developments here or the latest with the Draper City Open Space here.
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$500,000 | 3,879 sq. ft. | 5 beds | 3.5 baths
For those who like to be just a hop, skip, and jump from the action, you’re in luck. At the heart of SunCrest (think: green space, clubhouse, exercise room, pool & hot tubs, and The Ridge Market and Cafe) this home is situated beautifully.
And while you’re just a beat away from the hubbub, you’re tucked quietly away in a nifty little neighborhood dotted with custom homes and punctuated with otherworldly views overlooking Salt Lake County.
If by chance you find yourself needing a break from the sunrises or sunsets from the home’s many windows, the plantation shutters help provide a little alone time in this former model home.
The main floor, complete with airy vaults and open spaces, provides ample room for socialites who love to entertain or families that love to get together.
Check that covered Trex deck, it’s the sellers favorite spot to unwind.
The upstairs was designed with comfort in mind and each room is open and spacious. The master…wow. Functional, elegant (note that fireplace), and just look at those views!
The bottom level is the complete package. Flooded with light, walkout, full kitchen, and is the perfect place to plot your next SunCrest adventure or just stay inside and soak up the scenery.
PROPERTY FLYER | FULL LISTING | SCHEDULE A TOUR
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