1771 Balmoral Dr

• Ornate Wood Paneling: Adds significant architectural character and value • Formal Gardens: Extensive and well-maintained gardens enhance property value • Stone Arched Hallway: Unique architectural feature adds to property's appeal • Sunroom with Fountain: Unique architectural feature adds to property's appeal • Extensive Formal Gardens • Ornate Wood Paneling • Stone Arched Hallways • Sunroom with Fountain • High-End Finishes Throughout • Price Position: At $291.67/sqft, this property is significantly above the 48203 average of $48/sqft, reflecting its luxury status and historical significance. However, it's crucial to compare to other comparable mansions. • Appreciation Trend: While the 48203 market shows a 16.6% year-over-year increase, this is less relevant for a unique, high-value property like this. Past sales history shows fluctuating values. • Negotiation Opportunity: Property listed for only 1 day, making it difficult to assess market response. However, longer DOM generally favors buyers. • Investment Opportunity: After $25,000 in renovations, potential $325,000 equity gain (1300.0% ROI) • Rental Income: $17,500/month with 70% occupancy (0.0% cap rate) • Future Development: No specific planned developments are mentioned. However, the Palmer Woods Historic District designation suggests a commitment to preserving the area's character, limiting the likelihood of disruptive developments. • Natural light is abundant throughout the main living areas, particularly in the sunroom and living room. • The layout is well-suited for formal entertaining and comfortable living. The flow between indoor and outdoor spaces is excellent.