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 Post subject: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Fri Sep 26, 2014 11:31 am 
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It looks like the auction of 37 Mespil Road (25th September 2:30 pm was the scheduled time/date) was unsuccessful and there is now a private treaty advert in place of the auction advert. The price went from 2.3 million advised minimum value (AMV) for the auction to 2.5 million asking. Not sure if that is an increase or a decrease? Seems more like a decrease since AMV tends to be a low-range quote whereas asking typically not or not as much.

http://www.myhome.ie/residential/brochu ... -4/2894976

There have been quite a large number of failed auctions for south Dublin 2 million + houses recently. Do not know if that means anything -- maybe not.

Any pinsters at the auction and able to report on it?


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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Fri Sep 26, 2014 12:23 pm 
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If I was to hazard a guess, I'd say the owners want/need €2.5m, but decided to place the AMV at €2.3m to drum up enough interest to spark a bidding war in the auction room.

If there were no bids, then the €2.3m is too high.

It's a cracking property.
I'd probably guesstimate €1.8m - €2m.


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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Fri Sep 26, 2014 3:22 pm 
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I have noticed that houses in this prices range are not bubbling like houses in the sub 750k range. I would think that many SCD houses in the 1.5m+ range are still close to 50% off peak. While. Family house that are trading less than 750k now in SCD would only be about 20% of peak.


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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Sat Sep 27, 2014 3:02 pm 
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Well, whoever buys it can live like a banker...

http://www.irishtimes.com/life-and-styl ... -1.1909518


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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Mon Sep 29, 2014 11:11 am 
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Surprised that they published Soden's exact new address.

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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Tue Sep 30, 2014 5:07 pm 
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I would be completely stunned if they get anywhere near 2.5 for this house, even in the current madness. It is not a premier road like say Orwell, it is terraced and it has no garden. Even now 2.5 will buy you a lot more.


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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Fri Jan 16, 2015 1:50 pm 
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Price cut, now asking €2.4m.

http://www.myhome.ie/residential/brochu ... -4/2894976

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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Fri Jan 16, 2015 3:02 pm 
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According to the IT article they're into it for €2.9m (€2.3m purchase + €0.6m work). Most of the rooms look very nice, but it's all ruined for me by that kitchen. Anything that resembles a PVC conservatory is an absolute faux pas in my books, even if it affords the room good light - PVC is never the answer, there are always alternatives!

I have a feeling they'll just wait it out until they get a solid price. I believe I saw him a few months ago driving the beautiful new model 2014 S-Class, so one would imagine that they are far from being 'desperate sellers'.

It is a good move IMO. They're moving to one of the largest and best-located apartments in Dublin and they got it for €1.28m, which is a reasonable price given the rarity of the offering. It is somewhat amusing, perhaps depressing, that there is a greater stock of 3-storey large homes in Dublin City than there is large apartments, with the stock of 2,000sqft+ apartments outweighed probably 100:1 by 2,000sqft+ houses. They probably don't need 3,800sqft anymore and thus the 2,400sqft of space at Hazeldene will suffice and there is nothing to maintain - although the hefty maintenance fee is the downside to that. As they're getting older, it may suit having all the square footage spread over one single level as opposed to three floors. The layout at 2/3 Sycamore, Hazeldene, is 3 bed, 3 bath, dining, living and kitchen I believe, which is a fairly practical layout too. I don't recall it actually being on the market, though, so they must have purchased it privately.

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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Fri Jan 16, 2015 4:29 pm 
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SoCoDu wrote:
According to the IT article they're into it for €2.9m (€2.3m purchase + €0.6m work). Most of the rooms look very nice, but it's all ruined for me by that kitchen. Anything that resembles a PVC conservatory is an absolute faux pas in my books, even if it affords the room good light - PVC is never the answer, there are always alternatives!


That looks like a solid wood frame conservatory to me. Nothing PVC about it.

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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Fri Jan 16, 2015 5:46 pm 
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Namaniac wrote:
That looks like a solid wood frame conservatory to me. Nothing PVC about it.

Looks PVC on my computer screen, but if it's wood then it is probably lovely in person. They don't specify anywhere in the ad or in the Irish Times writeup if its PVC or wood.

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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Wed Apr 22, 2015 12:56 pm 
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Another price cut...down to 2.25m


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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Wed Apr 22, 2015 1:26 pm 
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FreeFallin wrote:
Another price cut...down to 2.25m


top end very slow - they seem to have missed the boat by leaving the auction / sale to August last

long time on the market....


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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Wed Apr 22, 2015 1:38 pm 
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Mmmmm.... karma is delicious...

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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Wed Apr 22, 2015 1:50 pm 
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All that money, all that space, and they still have TV's hanging over two of the fireplaces...

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 Post subject: Re: 37 Mespil Road +8.6% from AMV to asking price
PostPosted: Wed Apr 22, 2015 1:56 pm 
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FirstBass wrote:
All that money, all that space, and they still have TV's hanging over two of the fireplaces...


The one in the bedroom is not so bad, as if you're sitting up in bed, it's not too far off the "right" height. But the one in the sitting room is just wrong.

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