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<Back to Page			Property 13 of 65 Selections

Feature Property - Corrales Road Frontage

$375,000 In Commercial Core

View from Corrales Rd

Address: 4206 Corrales Rd	City/ST: Corrales, NM	Zip Code: 87048
Location: Corrales	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 900	Bedrooms: 2	Bathrooms: 1
MLS# 663177	Property Tax: 683

Endless possibilities for this great property east of Corrales Road in the commercial core of the village. Lot stretches from Corrales Road to Lindero del Drenaje. Trees and great mountain view. 138' Corrales road frontage.

Last Updated: 11/17/2009 4:04:12 PM

Listing Agent and Office: Linda Carroll, Signature Southwest Properties

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Pricing >Value Added Features

A recent study conducted by the National Center for Real Estate Research evaluated the features of a home based on what each contributes to the selling price.

According to the study, the feature that can most dramatically increase the value of a home is an additional full bathroom, upping the selling price by a remarkable 24 percent. Installing an extra half-bath can add 15 percent to the selling price. A garage, a fireplace and a central air conditioning unit each add a little more than 12 percent to the home's market value. A laundry room located on the main floor of the home increases its value by 15 percent, while a basement laundry room can potentially reduce the home's overall value. Homes with raised or vaulted ceilings sell for 6.2 percent more than identical homes with standard ceilings. Each extra bedroom increases the price by 4.1 percent. A family room adds 7.3 percent, and a dining room is worth 6.2 percent. A view of the water adds 7.8 percent, but a golf course view is better at 8.1 percent. A home built on the waterfront is worth 18 percent more than the same home in a landlocked location.

Every real estate market is different, so consult your real estate agent regarding the resale value of your home's special features.

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Q	According to Feng Shui, the art of home placement, what five elements are needed in a harmonious environment?
A	Wood, fire, earth, metal and water must be balanced to create a happy, prosperous home.
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