The clearest example I could find was in the case of these two listings.
This development has 200 equivalent townhouses.
Every single townhome in the neighborhood is three stories with three bedrooms and three bathrooms. Every unit has the same floor plan.
I looked for two sales there and found these:
• 4438 Capital Dome Drive sold on August 26. • 4456 Capital Dome Drive (5 doors down) sold on July 26, for 40,000 dollars less. I visited this neighborhood, and I am familiar with these properties.
You could not find a better example of two identical properties that sold for different prices.
The details show these two homes are identical in every substantial way:
• The lots the units sit on are identical as far as the desirableness of the location. • Both units had the same kitchen plan with the same cabinets and a tile floor. • Both units had nice hardwood floors in the living room and carpeted bedrooms.
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