Danville Mansion Sells for $1.8 Million

Single family residence sells for 1 8 million in danville – A single family residence sells for 1.8 million in Danville, marking a significant event in the local real estate market. This luxurious property, situated in a prime Danville location, boasts a compelling array of features and amenities that have attracted buyers. The property’s sale price signals a current market trend in Danville, and we delve into the details to understand what factors contributed to this significant transaction.

The property, with its architectural style and desirable features, likely appeals to high-net-worth individuals seeking a prestigious residence in Danville. We’ll explore the market context, property details, comparative analysis, and future market trends to give a complete picture of this notable sale.

Market Context: Single Family Residence Sells For 1 8 Million In Danville

Danville’s real estate market, particularly for single-family homes, is currently experiencing a dynamic phase. While overall growth has slowed compared to previous years, the $1.8 million price point remains a competitive and interesting segment. Understanding the current market conditions, historical trends, and influencing factors is crucial for both buyers and sellers navigating this landscape.The Danville single-family home market has demonstrated consistent, albeit fluctuating, growth over the past five years.

This fluctuation reflects broader economic trends and shifts in buyer preferences. Understanding this historical context provides a framework for evaluating the current market position of a $1.8 million property.

Recent Sales Trends

Recent sales data in Danville’s single-family home market reveals a trend toward more refined and carefully selected transactions. Buyers are more discerning, prioritizing specific features and locations. This trend is likely driven by a combination of factors, including increased competition and a more cautious approach to investment.

Average Sale Prices (Past 5 Years)

A review of average sale prices for comparable single-family homes in Danville over the past five years reveals a consistent upward trend, although the rate of increase has moderated. This data, when considered alongside local economic conditions, provides valuable insight into the market’s current trajectory. Detailed historical data on average sale prices can be accessed through local real estate portals.

Factors Influencing the Market

Several factors contribute to the current state of the Danville single-family home market. Local economic conditions, particularly employment trends and wage growth, play a significant role in shaping buyer demand. Interest rates, influencing the affordability of mortgages, are a major determinant of purchase decisions. Finally, fluctuating construction costs impact the supply of new homes and can affect pricing.

Characteristics of $1.8 Million Homes

Properties selling in the $1.8 million range in Danville typically exhibit specific characteristics. These homes often feature modern designs, expansive living spaces, and premium amenities like gourmet kitchens, high-end appliances, and private outdoor areas. Location within desirable neighborhoods with access to schools, parks, and other amenities also significantly impacts pricing. Furthermore, homes in this price range frequently include upscale finishes and attention to detail, appealing to buyers seeking luxury and comfort.

For example, a home in the $1.8 million range might include a finished basement, a large outdoor patio or deck, a home office, and an attached garage. This type of property might be located in a newer, more established neighborhood within walking distance of shops, restaurants, and public transportation.

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Either way, the $1.8 million Danville sale still stands as a significant achievement.

Property Details

The $1.8 million Danville home boasts a sophisticated blend of modern amenities and classic charm, perfectly situated within the heart of the city. Its desirable location, coupled with its impressive features, makes it an attractive option for discerning buyers. This property stands out for its unique blend of contemporary style and timeless appeal.The property’s exceptional attributes, combined with its convenient location and meticulous condition, contribute significantly to its premium price point.

Its design and layout are ideal for modern living, and the high-end finishes elevate the overall aesthetic appeal.

Property Location and Amenities

This impressive residence enjoys a prime location in Danville, close to a plethora of amenities. Proximity to shopping centers, restaurants, and parks adds significant value. The property is situated within a quiet neighborhood, offering a peaceful retreat from the bustle of city life, yet maintaining convenient access to essential services and attractions. This location ensures residents have access to everything Danville has to offer, making it a desirable place to live.

Property Size, Layout, and Condition

The home’s substantial size offers ample living space, perfectly accommodating a family. The thoughtfully designed layout seamlessly blends living areas, providing a harmonious flow between rooms. The home’s impeccable condition ensures a move-in-ready experience, minimizing any potential renovations. This meticulous attention to detail contributes to the property’s overall appeal.

Architectural Style and Lot Size

The home exhibits a contemporary architectural style, characterized by clean lines and high ceilings. The expansive lot provides ample outdoor space for relaxation and entertainment, offering a sense of privacy and tranquility. The large lot size is particularly advantageous for those seeking space and privacy.

Key Selling Points

• Prime Location: The property’s location within Danville offers unparalleled convenience, placing it close to essential amenities such as shopping centers, restaurants, and parks. This proximity to key services enhances the property’s desirability.
• Spacious Layout: The home’s thoughtfully designed layout creates a seamless flow between living areas, providing ample space for modern living. The interior design is conducive to family life.
• Impeccable Condition: The home is presented in pristine condition, minimizing the need for any renovations. This factor makes it an attractive option for buyers looking for a move-in-ready property.
• Contemporary Design: The architectural style is modern and appealing, with clean lines and high ceilings that create a sense of spaciousness. This modern design is a desirable feature in today’s market.
• Expansive Lot: The substantial lot size offers a significant advantage, providing ample outdoor space for relaxation and entertainment. The privacy and space are attractive features for potential buyers seeking a tranquil setting.

Comparative Analysis

Understanding the market is crucial when evaluating a property’s worth. A comparative analysis examines similar properties recently sold in the same area to gauge the fair market value of a given home. This helps us assess whether the $1.8 million Danville property aligns with comparable sales or if it stands out due to unique features or circumstances.

Recent Sales Data in Danville

To establish a benchmark for the $1.8 million property, we need to review recent sales of similar properties in Danville. This allows for a direct comparison based on key attributes, such as size, location, and amenities.

Key Differences and Similarities

Comparing the subject property with the others reveals both similarities and differences. Analyzing these facets provides insights into the potential factors affecting the sale price.

• Size: The subject property is comparable in size to Property B and D, but slightly smaller than Property A and C. Differences in size often correlate with price variations.
• Bedrooms and Bathrooms: The subject property matches the number of bedrooms and bathrooms in Property A and D. This consistency suggests a similar appeal to potential buyers.
• Location: Location is paramount in real estate. While the subject property is near a golf course, its precise location within Danville may slightly influence pricing in relation to other areas.
• Price: The subject property’s price falls within the range of the other recently sold properties, suggesting a reasonable market value. Slight variations in the sale price could be attributed to the condition of the house or unique features.

Potential Reasons for Price Differences

Price variations between comparable properties stem from several factors. These include the condition of the home, unique features, and the overall market demand.

• Condition: A well-maintained property with recent upgrades often commands a higher price. The condition of the subject property should be considered alongside its comparable properties to assess its value.
• Features: Unique features, such as a pool, updated kitchen, or a spacious yard, can increase the desirability and price of a property. Any distinguishing characteristics of the subject property would need to be evaluated.
• Market Demand: High demand in a particular area can drive prices up. The overall market trends in Danville need to be analyzed to understand the dynamics affecting prices.

Factors Influencing the Sale Price

The factors influencing the sale price of the $1.8 million property are likely multifaceted. Understanding the interplay between these factors can provide a more complete picture of the property’s market value.

• Location: The subject property’s location near the golf course could be a significant selling point, attracting buyers seeking leisure amenities. This location-specific demand likely contributed to the price.
• Condition: The property’s condition, as well as any recent upgrades, greatly impacts its price. Potential improvements to the property’s interior or exterior could justify a higher price point compared to other similar properties.
• Features: The property’s unique features, if any, play a role in the price. The presence of amenities like a pool, a modern kitchen, or a spacious yard, would contribute to the higher price if present.

Market Analysis and Trends

The recent sale of a $1.8 million single-family residence in Danville highlights the current market dynamics. Understanding the broader market context, including pricing trends and property characteristics, is crucial for assessing the potential impact of this high-value transaction on the overall real estate landscape.

Danville’s real estate market exhibits a complex interplay of factors, from the desirability of specific neighborhoods to the influence of new construction and economic conditions. This analysis delves into the average sale prices of different property types, identifies characteristics of high-value homes, and examines the potential ripple effects of this significant sale on the future of luxury real estate in the area.

Average Sale Prices by Property Type

Analyzing average sale prices across different property types provides a valuable benchmark for understanding market trends. This data, based on recent transactions, helps to differentiate between property types and assess their relative value in the current market.

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Regardless, the $1.8 million sale still makes a strong statement about the local housing market.

Characteristics of High-Value Properties

Properties selling above the average price often share key characteristics that resonate with high-end buyers. These features contribute to the overall desirability and value of the property.

• Prime Location: Properties situated in desirable neighborhoods with convenient access to amenities, schools, and transportation tend to command higher prices. Proximity to parks, golf courses, or other recreational areas also plays a role.
• Exceptional Design and Features: Unique architectural styles, high-end finishes, and luxurious features such as gourmet kitchens, spacious outdoor living areas, and high-quality materials often contribute to a premium price. Thoughtful design and craftsmanship, reflecting attention to detail, are highly valued.
• Extensive Lot Size and Outdoor Spaces: Properties with large, well-maintained lots and extensive outdoor living areas, including gardens, pools, or patios, appeal to buyers seeking spacious and private outdoor environments. Large yards, especially with mature landscaping, add value.
• Superior Amenities: Properties that include exceptional amenities such as swimming pools, spas, home theaters, or wine cellars may command a higher price, especially in luxury markets. These features cater to specific lifestyle preferences.

Potential Influence on the Overall Market

The sale of a high-value property can influence the overall market in several ways. The transaction can set a new benchmark, potentially encouraging similar sales in the same area or neighborhood. This also can cause a domino effect in the market, as other sellers adjust their pricing strategies.

Such transactions can affect pricing expectations for similar properties in the area. A significant sale often results in an increase in asking prices for comparable properties, creating a competitive environment for buyers and sellers.

Impact of Recent Sales and Trends in Luxury

Recent sales of high-value homes in Danville have consistently shown an upward trend, indicating a strong demand for luxury properties. This trend is likely influenced by factors such as population growth, increased disposable income, and an influx of high-net-worth individuals in the region.

Luxury real estate is sensitive to broader economic conditions and local market fluctuations. The overall market sentiment and economic conditions have a significant impact on the value and demand for luxury properties.

Potential for Similar Sales in the Future

Given the current market conditions and the ongoing demand for luxury homes in Danville, the potential for similar sales in the future appears strong. The high demand for high-end properties and favorable market conditions suggest that similar transactions are likely in the near future.

Factors such as economic growth, population trends, and ongoing development projects in the area will play a crucial role in shaping the future of the luxury real estate market.

Potential Buyer Profile

A $1.8 million single-family home in Danville likely attracts a sophisticated buyer with specific needs and financial capabilities. This demographic differs significantly from those seeking more affordable homes, requiring a detailed understanding of their motivations and preferences to effectively market the property. Understanding these nuances is crucial for successful property presentation and ultimately, a smooth transaction.

Demographics and Lifestyle Preferences, Single family residence sells for 1 8 million in danville

The primary target demographic for a $1.8 million home in Danville is likely to consist of high-income professionals, often with families. This demographic frequently includes physicians, attorneys, and executives in high-demand industries. The individuals or couples in this demographic frequently have established careers and substantial financial resources, often accompanied by a desire for a premium lifestyle. Furthermore, they are often actively involved in the community and appreciate the unique amenities and cultural offerings Danville provides.

A strong emphasis on location, quality of schools, and proximity to desirable amenities is paramount for this demographic.

Financial Characteristics

Potential buyers in this price range typically have substantial liquid assets, demonstrated by a strong credit history and a comfortable debt-to-income ratio. They are likely accustomed to managing significant financial responsibilities and are often comfortable with the complexities of high-value property transactions. A large down payment is a common characteristic, indicating financial stability and preparedness for long-term investment.

Furthermore, they might be considering investment properties or retirement planning, making the home a valuable asset in their long-term financial strategy.

Motivations and Needs

The primary motivations behind purchasing a $1.8 million home in Danville often include the desire for a luxurious living experience, superior amenities, and a prestigious address. Families often prioritize top-rated schools and safe neighborhoods. The needs frequently extend beyond basic housing; they seek homes that offer a sense of community, lifestyle compatibility, and long-term value. Buyers in this market segment may be seeking properties with significant space for their families, advanced features, and unique design elements that meet their specific needs.

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The home must reflect their lifestyle and ambitions.

Comparison to Other Price Ranges

Comparing this buyer profile to those in other price ranges reveals substantial differences. Buyers in the $1.8 million category are more likely to prioritize premium features, exceptional location, and a curated lifestyle experience. They frequently desire properties with high-end finishes, substantial outdoor space, and the potential for future appreciation. Conversely, buyers in more affordable segments might prioritize more basic features and a more accessible location.

This contrast underscores the importance of tailoring marketing efforts to resonate with the specific needs and expectations of each price point.

Potential Buyer Profile Table

Visual Representation

This luxury Danville home, priced at $1.8 million, deserves a comprehensive visual representation to showcase its unique features and appeal. Understanding the property’s exterior, interior, location, surroundings, and landscaping is crucial for prospective buyers to visualize themselves living there. The details below aim to paint a vivid picture, enabling potential buyers to connect with the property on a deeper level.Visual representation is not just about aesthetics; it’s about conveying the essence of a property.

By highlighting key aspects, such as architectural style, neighborhood character, and outdoor living spaces, we can effectively translate the property’s potential into a tangible experience for potential buyers.

Exterior of the Property

The exterior of this stunning Danville residence features a modern architectural design, showcasing a sophisticated blend of elegance and contemporary appeal. The home’s facade is clad in high-quality materials, likely including stone or stucco, and boasts large windows that allow natural light to flood the interior spaces. A covered patio or porch, likely with a pergola or awning, provides an inviting outdoor living area.

A meticulously landscaped front yard with mature trees and well-maintained flowerbeds enhances the property’s curb appeal.

Interior Layout

The interior layout of the home is designed for comfortable living and entertaining. The floor plan likely features spacious living areas, including a formal dining room and a family room with a fireplace. The gourmet kitchen is likely equipped with high-end appliances, ample counter space, and a sizable island. The master suite is likely a luxurious retreat, featuring a large walk-in closet and an en-suite bathroom with a soaking tub and separate shower.

The home likely features multiple bedrooms and bathrooms to accommodate a growing family or guests. Consider the potential for a home office or a dedicated playroom.

Property Location within Danville

The property’s location within Danville is key to its appeal. It is likely situated in a desirable neighborhood, possibly near parks, schools, and other amenities. The proximity to these key areas, combined with the property’s unique architectural design, makes it stand out in the local market. The location is visually represented by a clear view of the surroundings, possibly a satellite image or a map showing the property’s location relative to key landmarks and amenities.

Surrounding Area

The surrounding area likely includes a mix of single-family homes and potentially some commercial establishments. The presence of local shops, restaurants, and entertainment venues suggests a vibrant community environment. The surrounding area is characterized by well-maintained properties, suggesting a high level of community pride and aesthetic standards. The presence of green spaces, such as parks or open areas, contributes to the overall livability of the neighborhood.

Landscaping

The property’s landscaping is likely designed to maximize outdoor living space. A meticulously maintained lawn, featuring mature trees and well-placed shrubs, creates a tranquil and inviting ambiance. The landscaping is likely designed to provide privacy and visual interest. Consider the use of drought-tolerant plants to reduce water usage and maintenance needs. The landscaping design likely features distinct zones, such as a patio area, a garden area, and a lawn area.

Outcome Summary

The $1.8 million sale of this single-family residence in Danville underscores the robust luxury real estate market in the area. Several factors, including the property’s unique features, location, and the overall market conditions, likely played a role in achieving this high price. The sale presents an interesting case study, providing insights into the current real estate climate in Danville and potential future trends.