New Listing in Southampton: 5328 Devonshire

Dawn Griffin Posted by
Investment Spotlight, Market Conditions, New Listings Apr 2009

Reasons to BUY this house:

LOCATION: Southampton is one of the most sought after neighborhoods in the city. How do I know this? It says so on their home page. Southampton was rated as one of the top residential choices for families in the 25-35 age bracket. But there’s more, this house is near the intersection of Devonshire and Macklind which, in my mind, is the best neighborhood mainstreet that we have in the city. Grand is great and Morganford is marvelous but Macklind actually bridges the two parts of Southampton and makes this little neighborhood feel like a village complete with its own economic center. All within walking distance of 5328 Devonshire are Home Eco Green General Store, Big River Running Company, Mackland Avenue Deli, Manzo’s Imports and Deli, Murcoch Perk, and Onesto Trattoria

Interior Finish Quality: Not everyone is going to love this house. Clean lines and modern finishes aren’t for everyone. That big blue LazyBoy recliner is NOT going to work in here. If you are attracted to a lofty feel but not really interested in the condo fees or the cost of upgrades, then you are going to LOVE it. If you like to cook and entertain, then the layout will impress you. The kitchen has a perfectly designed work triangle, plenty of prep area and a peninsula with barstools so even those who aren’t great with knives can be part of the action. (Also the double drawer dishwasher is very cool). Want a spa inspired bathroom? Take your pick, there are two! Worried about utilities in a big brick house? Well this house has zoned HVAC and lots of extra insulation. Looking for 2 sleeping areas and a space for office/informal family room/play room? It’s all upstairs. I could go on, but the photos tell the story.

Value: Below is a CMA report from the St. Louis MLS. Based on a map search of the Southampton area, the numbers show that Devonshire is priced to SELL. Of the five other move-in ready homes currently active in the neighborhood, Devonshire is priced at 189,900 meaning it is about $9500 below the average list price. Additonally if you look at the SOLD values you can see that the average SOLD price of a 3 bedroom 2 bathroom home in the Southampton neighborhood is $204,278 which means Devonshire’s list price of $189,900 is an amazing value. Also note that the AVERAGE price per square foot of the ACTIVE listings is $123.01 while 5328 Devonshire is priced at $108 a square foot. No need to make low-ball offers here, this seller has priced according to the current market.

St. Louis Real Estate Blog

New Listings, Market Trends, and Happenings from the Dawn Griffin Group.

View All Blog Posts Meet the Team

Dawn Griffin Group