House prices in Royersford/Spring City area (hardwood floors, appliances)

[mccarthy]

Hi all- My husband and I are looking at a house in the Royersford area and I would like an opinion on if you think this is a decent value:
100+ yr old house. completely gutted and refinished inside. 5 bedrooms, 4 stories (including basement) 1 1/2 bath, mudroom with brand new washer and dryer. new kitchen- all new brushed stainless steel appliances (maytag, dishwasher, stove, microwave oven and refridgerator), brand new cabinets, brand new tile floor. Refinished hardwood floors throughout house. LR and DR on first floor w/ kitchen. wood siding, wrap around porch. New paint inside and out. All new ceiling lighting fixtures throughout house. Basement has stone walls, concrete floor. Is refinishable, has plumbing installed, only toilet though. The house is on ..6 acres with seperate 2 story outbuilding. Listed at $289900. Has been on the market for 7 months and has come down from 299900. What do you think? If you were to bid on it what would your starting bid be? Thanks.

[zenguy21]

Well thats a little far out and its been on the market for 7 months so make a "Russian offer" for like 260,000 or something. You are getting a very big house but in a far enough out area so I think 260k would be reasonable. I dont think the schools there are very good if thats not part of your criteria.

[William shivers]

you should have your agent research the house on the mls, see what it sold for last and how recent. also check the other comparable houses in the area. Thats a decent area thats growing, 5 bedrooms is a big house, sounds like a good value. Make a lower offer and certainly get the house throughly inspect especially for termites, lots of wood and its old. Use your own agent don't use the listing agent, better for negotiating.

[Egehman]

$260K sounds like a good starting price! go for it what do you have to loose?