MacRo is pleased to announce the sale of a “spec house” in Thurmont, Maryland.
The property sold is a 3 bedroom, 2 bath house on 0.8 acres, located on Creagerstown Road in Thurmont. This sale is significant because it involved a “spec house” – a speculative venture with no buyer lined up when construction started. Since the real estate turn-down of 2007, the construction of spec houses has been quite uncommon. Although regional/national builders continue to build a few spec houses in large subdivisions each year, smaller/local builders have basically stopped due to the uncertainty of when it will sell, and how much it will sell for.
Could spec houses be making a comeback soon? Time will tell, but this sale is certainly encouraging.
This house was built as a joint venture between the lot owner and Hemby Custom Homes. The sale price was $330,000. Dave Wilkinson represented the Seller in this transaction.
For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale or leasing of your commercial or industrial property, contact David Wilkinson: 301-748-567 or email@example.com.