I stopped in to visit with local correspondent Maureen Mohling at an open house she was hosting at 422 Fox Meadow Dr in Northfield. The home features over 2,400 square feet of living space, 3 bedrooms and 2 ½ baths. The list price had just been reduced from $865,000 to $820,000, and I asked Maureen to explain the factors she considered in setting the price and what developments she considered to be comparable.
Fox Meadow is an Edward R. James development, completed in 2002. It's located adjacent to a park and nature conservancy and affords easy access to The Glen, the Edens Expressway and the Tri-State It's also directly across Willow from Kraft's corporate headquarters and close to a number of major area employers.
Listen carefully as you watch because everything Maureen mentions factors into setting the price.