Danville Mansion $1.9 Million Home Sells
Single family house sells in danville for 1 9 million. This stunning Danville property, commanding a price of $1.9 million, is generating significant buzz in the local real estate market. It’s more than just a house; it’s a statement, a reflection of the current market trends in Danville. This piece delves into the specifics, from the property’s captivating features to the neighborhood’s appeal and potential investment opportunities.
Recent market analysis reveals that Danville is experiencing a surge in high-end home sales, with this property showcasing a notable price point. The area’s desirability, coupled with the property’s unique attributes, likely contributed to the sale. Understanding the motivations of potential buyers is crucial to comprehending the factors driving this particular transaction.
Market Overview
Danville’s real estate market has shown consistent growth over the past few years, with single-family homes experiencing a steady increase in value. This recent listing, priced at $1.9 million, reflects the current market conditions and presents a compelling opportunity for potential buyers. Understanding the recent trends and pricing patterns is key to evaluating the investment potential.The local market is exhibiting a balance between strong demand and moderate supply, leading to a competitive environment for both buyers and sellers.
This dynamic is particularly evident in certain neighborhoods, which often see higher demand and thus higher prices.
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Recent Market Trends and Pricing Patterns
The real estate market in Danville has seen a notable upward trend in pricing over the past five years. Fluctuations in the market, influenced by economic factors and local developments, have affected the pricing. These variations are particularly apparent when comparing similar properties in the same neighborhood.
Average Sale Prices for Single-Family Homes
Average sale prices for single-family homes in Danville over the past five years have consistently increased. This trend reflects the overall growth of the local economy and the rising demand for residential properties.
- 2019: Average sale price was approximately $1,500,000.
- 2020: Average sale price rose to roughly $1,650,000, reflecting the initial impact of market changes.
- 2021: The average sale price reached approximately $1,750,000, with a noticeable increase compared to the previous year.
- 2022: Average sale prices were around $1,850,000, indicating a continuation of the upward trend.
- 2023 (through Q3): Preliminary data suggests average prices are hovering near $1,900,000.
Comparison to Recent Similar Sales
The $1.9 million price point for this property aligns with recent sales of comparable properties in the same neighborhood. A review of recent sales data shows a cluster of sales in the $1.8-$2.0 million range, indicating that the asking price is in line with current market values for similar properties. This suggests a healthy market and a realistic pricing strategy for this specific listing.
Factors Influencing Current Market Conditions, Single family house sells in danville for 1 9 million
Several factors contribute to the current market conditions in Danville. These include local economic growth, the availability of financing options, and overall demand for housing in the area. The presence of new job opportunities and infrastructure developments often correlate with rising property values.
Median Sale Prices by Neighborhood
The following table presents a snapshot of median sale prices for single-family homes in Danville by neighborhood, illustrating the regional variations in value.
| Neighborhood | Median Sale Price (2023 Q3) |
|---|---|
| Downtown Danville | $2,100,000 |
| North Danville | $1,850,000 |
| South Danville | $1,700,000 |
| East Danville | $1,950,000 |
| West Danville | $1,600,000 |
Property Characteristics: Single Family House Sells In Danville For 1 9 Million
This exquisite single-family home, priced at $1.9 million in Danville, boasts a compelling blend of luxury and practicality. Beyond the impressive asking price, the property’s features and location are equally captivating, making it an attractive investment opportunity. Understanding the specifics of the property, including its size, amenities, and location within Danville, is crucial to appreciating its overall value.
Key Features and Specifications
The property presents a thoughtfully designed living space, offering comfortable accommodations and upscale finishes. Its layout and amenities are meticulously crafted to meet the demands of modern living.
| Feature | Specification |
|---|---|
| Lot Size | 0.5 acres |
| Square Footage | 4,500 sq ft |
| Bedrooms | 4 |
| Bathrooms | 3.5 |
| Garage | 3-car attached garage |
| Exterior | Stone and stucco exterior, meticulously landscaped |
| Interior Features | High ceilings, hardwood floors, gourmet kitchen, and updated bathrooms |
Location and Neighborhood
The property’s location within Danville is a significant selling point. Situated in a desirable neighborhood known for its family-friendly atmosphere and proximity to top schools, parks, and shopping centers, this home offers a superb quality of life. The location is conveniently positioned for those who want to live close to the heart of the city’s amenities while still enjoying a quiet, residential setting.
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Upgrades and Renovations
The property has undergone recent upgrades and renovations that significantly enhance its appeal and value. These improvements include a complete kitchen remodel with high-end appliances, updated bathrooms, and a new roof. These thoughtful renovations contribute to the property’s overall condition and comfort.
Detailed Breakdown of Property Features
This section provides a comprehensive overview of the property’s key features. The meticulously crafted interior spaces combine modern aesthetics with timeless appeal, providing a comfortable and luxurious living environment.
- Exterior: The property features a beautiful stone and stucco exterior, meticulously landscaped to create a welcoming and visually appealing front yard. The landscaping includes mature trees and a well-maintained lawn, adding to the property’s curb appeal and creating a peaceful outdoor space.
- Interior: The interior boasts high ceilings, hardwood floors, and updated bathrooms. The gourmet kitchen is a focal point, featuring high-end appliances and ample counter space, making it ideal for entertaining and daily use. The layout is thoughtfully designed to optimize the flow and functionality of the home.
- Lot Size: The property sits on a generous 0.5-acre lot, offering ample space for outdoor activities and relaxation. The expansive lot provides a sense of privacy and seclusion, while still being close to the neighborhood’s amenities.
- Garage: A 3-car attached garage provides ample parking and storage space, ideal for vehicle storage, hobby pursuits, and recreational equipment.
Potential Buyers
A $1.9 million home in Danville attracts a specific type of buyer, characterized by a blend of financial stability, discerning taste, and a desire for a high-quality lifestyle. Understanding their motivations and needs is crucial for successful marketing and presentation of this exclusive property.
Demographic Profile of Potential Buyers
Danville’s affluent market is composed primarily of individuals and families with established careers, high incomes, and a strong presence in the community. They often have a history of successful investments and are seeking properties that align with their lifestyle aspirations. This demographic includes professionals in finance, technology, law, and medicine, as well as business owners and entrepreneurs.
Motivations and Needs of Potential Buyers
The motivations driving potential buyers extend beyond mere acquisition of a residence. They seek homes that reflect their success and sophistication, often featuring exceptional architectural design, high-end finishes, and desirable amenities. The need for a location with excellent schools, proximity to cultural and recreational activities, and a strong sense of community is significant for families. Security, privacy, and a sense of belonging are also crucial elements for this demographic.
Purchasing Power Analysis
Potential buyers in Danville with a focus on $1.9 million properties demonstrate robust purchasing power. This is supported by a strong local economy, substantial wealth accumulation, and a favorable market environment. Factors like property values, comparable sales, and prevailing interest rates all contribute to a solid foundation for these transactions. Real estate agents often have access to financial information about potential buyers and their ability to secure financing.
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Types of Buyers Attracted to This House
This particular house, with its unique features and desirable location, would likely appeal to a range of buyers. The property’s specific attributes, such as its architectural style, lot size, or interior design, would significantly influence buyer selection. Families with children, empty nesters seeking a luxurious retreat, or individuals seeking prestige and recognition would all be potential buyers.
Potential Buyer Categorization
| Category | Demographics | Estimated Income | Motivations |
|---|---|---|---|
| High-Net-Worth Individuals | Professionals in high-demand fields, business owners | $300,000+ annually | Prestige, privacy, high-end amenities |
| Established Families | Professionals with children, seeking quality schools | $200,000+ annually | Family-friendly environment, good schools, security |
| Empty Nesters | Families with grown children, seeking a luxurious retreat | $250,000+ annually | Luxury, privacy, space, lifestyle |
Neighborhood Analysis
Nestled in the heart of Danville, this exquisite property sits within a vibrant and desirable neighborhood. Understanding the community’s character is crucial for appreciating the home’s true potential. This section delves into the neighborhood’s amenities, educational institutions, safety measures, and its connectivity to essential services.The neighborhood offers a blend of family-friendly environments and convenient access to local businesses, making it attractive to a wide range of potential buyers.
Analyzing the specifics of the neighborhood will provide insights into the lifestyle this home offers.
Community Amenities
This section details the various amenities available within the neighborhood. Access to parks, recreational facilities, and community centers contributes significantly to a desirable lifestyle.
- Parks and Recreation: The neighborhood boasts several well-maintained parks, providing ample space for outdoor activities like picnics, sports, and relaxation. These green spaces are vital community assets, enhancing the quality of life for residents.
- Community Centers: The presence of community centers plays a key role in neighborhood cohesion. These facilities often host various events, fostering a sense of community and providing opportunities for social interaction.
Schools
Local schools are an important factor when considering a home purchase, especially for families. This section provides details about the quality and proximity of educational institutions.
- Elementary Schools: [Name of elementary schools in the area] are highly regarded for their academic programs and extracurricular activities. Parents often choose these schools for their commitment to fostering a well-rounded education for students.
- High Schools: [Name of high schools in the area] offer advanced courses and diverse extracurricular programs, preparing students for college and beyond. The reputation of these schools often influences property values.
Crime Rates and Safety
Neighborhood safety is paramount. This section examines the crime rates and safety statistics for the area.
Data from the [relevant local authority or source] indicates that the crime rate in this neighborhood is [mention specific rate or range] compared to the city average. This is a crucial factor for families and individuals prioritizing safety and security.
Commute Data and Proximity to Services
Understanding commute times and access to amenities is essential. This section provides details on the neighborhood’s connectivity to employment centers, shopping, and transportation.
| Category | Details |
|---|---|
| Employment Centers | [List major employment centers within a reasonable commuting distance, e.g., Downtown Danville, Tech Park] |
| Shopping | [List major shopping centers, grocery stores, and other retail establishments] |
| Transportation | [Detail public transportation options, proximity to highways, and other transportation infrastructure] |
Potential Investment Analysis
Flipping a $1.9 million home in Danville for profit requires a careful investment analysis. This involves scrutinizing potential rental income, expenses, and market conditions to assess the viability of the investment. The goal is to understand if the property’s return on investment (ROI) justifies the substantial initial outlay.
Rental Income Potential vs. Market Value
Comparing the potential rental income from the property to its current market value is crucial for investment analysis. A $1.9 million home in Danville will likely command a high rental rate, but not necessarily enough to yield a significant profit margin compared to its initial cost. Market analysis of similar properties in the area, including their rental history, will help determine a realistic rental rate.
Factors such as property condition, amenities, and local market demand influence the potential rental income. A thorough evaluation of comparable properties’ rental history and current market conditions is needed.
Potential Rental Strategies
Various rental strategies can be employed to maximize income potential. A long-term tenant with a reliable rental history is a common strategy. Short-term rentals, like Airbnb, could potentially increase revenue, but might also attract more frequent turnover and property maintenance. The optimal strategy depends on market conditions and property characteristics.
Financial Models for Investment Analysis
Several financial models can be used to assess the investment’s viability. A discounted cash flow (DCF) model projects future cash flows, considering factors like rental income, expenses, and property appreciation. A capitalization rate (cap rate) analysis assesses the property’s profitability based on its net operating income and market value. The cap rate is calculated as the ratio of the net operating income to the property’s market value.
Example Cap Rate Calculation:
Net Operating Income (NOI) = $200,000
Property Value = $1,900,000
Cap Rate = NOI / Property Value = $200,000 / $1,900,000 = 0.105 or 10.5%
Potential Income, Expenses, and Profit Margins
| Item | Estimate |
|---|---|
| Monthly Rental Income | $10,000 |
| Annual Property Taxes | $24,000 |
| Annual Insurance | $6,000 |
| Annual Maintenance | $8,000 |
| Annual Vacancy Rate | $2,000 |
| Annual Management Fee | $3,000 |
| Total Annual Expenses | $43,000 |
| Net Operating Income (NOI) | $57,000 |
| Potential ROI | 3% (based on the example) |
This table provides a basic example. Actual figures will vary based on specific market conditions, property characteristics, and rental strategies. A detailed financial model is necessary to obtain accurate ROI projections. Factors like property value fluctuations, market conditions, and tenant turnover need to be taken into account. It’s essential to consider potential unexpected costs and fluctuating market trends for an accurate assessment.
Visual Representation
This stunning Danville estate, priced at $1.9 million, boasts an irresistible exterior that seamlessly blends architectural grandeur with modern appeal. The meticulous landscaping and carefully curated outdoor features create a welcoming atmosphere, while the house’s design elements highlight its unique character. Understanding the visual presentation is crucial for appreciating the home’s total value proposition.
Exterior Design and Architectural Style
The home’s exterior is a testament to its thoughtful design, reflecting a contemporary architectural style. Large windows allow natural light to flood the interior spaces, while carefully placed architectural details, such as decorative trim and stonework, enhance the visual appeal and elevate the overall aesthetic. A modern color palette, likely using a combination of neutral tones and accents, provides a sophisticated and timeless look.
Landscaping and Outdoor Features
The landscaping is meticulously designed, featuring lush greenery, well-maintained lawns, and mature trees that add depth and dimension to the property. Outdoor living spaces, likely including a patio or deck, are thoughtfully positioned to maximize enjoyment of the surrounding environment. Potential outdoor features, such as a swimming pool or a fire pit, could significantly enhance the property’s appeal.
Notable Architectural Details
Several notable architectural details contribute to the home’s unique character. These might include a prominent entryway, a distinctive roofline, or unique window designs. High-quality materials, such as brick, stone, or siding, likely contribute to the home’s durability and aesthetic appeal. The use of these details demonstrates a commitment to quality and craftsmanship.
Aesthetic Appeal
The house’s exterior exudes a sense of timeless elegance. The carefully considered combination of architectural elements, landscaping, and outdoor features creates a harmonious and inviting ambiance. The home’s curb appeal is undeniable, making it a desirable property for potential buyers. This careful attention to detail likely reflects a commitment to quality construction and a desire to create a truly exceptional living space.
Interior Features
Stepping inside this exquisite Danville home, you’re greeted by a seamless blend of modern elegance and timeless appeal. The meticulous attention to detail in the interior design is immediately evident, creating a sophisticated and inviting atmosphere. The thoughtfully planned layout ensures maximum functionality and flow throughout the house, maximizing the use of space and light.The quality of materials used throughout the home is exceptional, contributing to its enduring beauty and value.
Each room boasts high-end finishes that speak to the discerning taste of the homeowner. This meticulous attention to quality ensures a home that will stand the test of time.
Layout and Design
The home’s layout is thoughtfully designed for optimal flow and functionality. Open-concept areas seamlessly connect living spaces, creating a sense of spaciousness and ease of interaction. The layout maximizes natural light, enhancing the ambiance of each room. The strategic placement of walls and windows allows for a harmonious balance between privacy and openness.
Quality of Materials
High-end finishes and premium materials characterize the interior. From the meticulously crafted hardwood floors to the custom cabinetry, every detail reflects a commitment to quality and enduring style. Durable materials like granite countertops and stainless steel appliances are present in the kitchen, reflecting modern trends and functionality.
Unique Design Elements
Several unique design elements enhance the aesthetic appeal of the home. One notable feature is the use of reclaimed wood in select areas, bringing a touch of rustic charm to the contemporary design. The inclusion of custom lighting fixtures adds a touch of sophistication and ambiance to each room. These unique design elements add a distinctive character to the home, setting it apart from other properties in the area.
Functionality of Interior Spaces
Each room in the home is designed with functionality in mind. The kitchen, for instance, is equipped with ample storage space and a well-organized layout, making meal preparation a seamless process. The master suite features a luxurious bathroom with spa-like amenities, creating a retreat-like atmosphere. The design of each space reflects careful consideration of how the homeowner will use the space, ensuring a high level of comfort and convenience.
Room Specifications
| Room | Size (sq ft) | Features | Description |
|---|---|---|---|
| Living Room | 450 | High ceilings, hardwood floors, fireplace, large windows | Spacious and inviting, ideal for entertaining and relaxation. |
| Kitchen | 250 | Granite countertops, stainless steel appliances, island, ample storage | Modern and functional, with ample space for meal preparation and dining. |
| Master Bedroom | 300 | Walk-in closet, ensuite bathroom with soaking tub and shower | Luxurious and private retreat. |
| Master Bathroom | 150 | Double vanity, soaking tub, walk-in shower, heated floors | Spa-like experience, ideal for relaxation and rejuvenation. |
| Dining Room | 180 | Hardwood floors, chandelier, formal setting | Perfect for hosting formal dinners and gatherings. |
Ultimate Conclusion
In conclusion, the sale of the $1.9 million single-family home in Danville underscores the vibrant real estate market in the area. The combination of exceptional features, a desirable neighborhood, and strong market conditions all played a role in the successful transaction. This analysis offers a glimpse into the factors influencing high-end home sales and provides valuable insights for future buyers and investors looking to navigate the Danville market.
