Jenna Bush's Baltimore rowhouse up for sale (for more than '08 purchase price)
Jenna Bush, daughter of the former president, is trying to sell her Baltimore rowhouse, as colleague Laura Vozzella notes.
What might interest you folks more than the gee-whiz celebrity factor: The asking price is about $35,000 more than what she and her husband paid in early 2008 for the property, in Riverside on the south side of Baltimore. (Average sale prices have fallen 25 percent over that period in her ZIP code, though obviously individual mileage has varied.)
The 2,000-square-foot rowhouse, on the market for $474,900, looks nicely renovated and appointed in the listing photos. But of the five homes that changed hands in or around the area in the last few months for $400,000 or more, none broke the $450,000 mark, according to real estate search site Trulia -- including three properties with substantially more space.
On the other hand, some smaller places have sold for more per square foot than Bush is hoping to get. One home in Riverside, for instance, went for $360,000 in August -- the equivalent of $319 a square foot, which makes Bush's $222-per-square-foot price look positively cheap.
Have you seen homes bought in or after 2005 sell for a higher price this year without the aid of substantial improvements? I'd be interested in examples. The reverse trend is, as we all know, a heck of a lot easier to find. (That $319-a-foot home in Riverside? Its August sale price was about $20,000 below what it last sold for in 2005.)