Real Estate – What Tends to make A Property Desirable?

Should you were to ask a group of folks hunting for any new dwelling what tends to make a particular city, town or neighborhood desirable real estate, you’d likely get similar answers from each of the respondents. What do these in-demand places have in popular? Take into account the following:

Downtown Living

The closer a person lives towards the center of town, the greater the cost. An individual who wants to become inside walking distance of where the action is will pay a premium cost for the privilege.

Close to Water

If you wish to reside near a body of water, you’ll need to dig deeper into your wallet. Ocean- or lakefront properties are generally more expensive than these situated further inland. Some individuals consider of this purchase as an investment and count on the worth on the property increasing immediately.

House owners may decide to use their house near the water as a holiday get-away place only. The property may be rented out when the owners will not be using it as a solution to defray the cost of owning and preserving the home.

Golf Course Nearby

When hunting for a new household in the event you see a sign indicating that a golf course is nearby, you realize you will be taking a look at a home in a incredibly desirable neighborhood. There is a thing about being close to a golf course that instantly suggests luxurious living.

Older Property

Older houses that make it onto the list of most desirable real estate had been most likely constructed at the very least a century ago. An individual enthusiastic about among these residences just isn’t only buying the constructing and the land it sits on; they’re also purchasing the sense of history that comes with all the house.

To them, older homes have far more character than their contemporary counterparts. The craftsmanship demonstrated by builders in days gone by is just not a thing that can very easily be duplicated today.

Huge Dwelling

When asked to describe their dream dwelling, men and women tend to speak about a spacious residence with significant, airy rooms featuring high ceilings. We want to keep away from the feeling of becoming cramped or obtaining our furniture jammed into a too-small space.

Close to Amenities

Individuals wish to live close for the conveniences of modern day life. The conveniences that are vital to us vary, based on what stage of life we’re in. Individuals with young families desire to reside close to schools. Based on what activities their youngsters are involved in, they might choose to reside close to a swimming pool, skating rink, soccer field, or a dance studio.

No one desires to drive for a extended distance to get to a buying center, day care center, church or synagogue, medical professional, dentist, dance studio mckinney or veterinarian. These individuals who perform out consistently will choose to live close to a fitness center.

The most desirable real estate locations have these elements in frequent. Every single person who photographs his or her dream home will give much more weight to specific things on this want list. Which ones would be in the prime of yours?

Judge delays Indian Hill real estate case until '16

Judge Jody Luebbers has delayed until January a civil suit over a $1.2 million Indian Hill real estate deal.

She delayed the case because Crysta Pleatman, the main defendant in the Hamilton County Common Pleas Court case, was not in the area and could not attend the trial, according to Pleatman’s attorney.

Luebbers also ordered all parties in the case to meet in 60 days.

In an email to the Enquirer, Crysta Pleatman said at 8:40 a.m. that she would not be in court.

“It is NOT a bizarre move as the Enquirer reported, it is actually a calculated and quite legal protest against the judge. She needs to remove herself from this case,” Pleatman wrote to the Enquirer.

Charles Reynolds, attorney for Grant Troja, who is suing the Crysta Pleatman and her husband Dr. Stephen Pleatman for breach of contract, told The Enquirer the trial could have continued without Crysta Pleatman but the plaintiffs wanted her present.

The second day of the jury trial was set to begin at 9 a.m. Tuesday. Pleatman did not attend for the second day in a row. Her husband did attend, sitting quietly in the front row of the gallery.

At the time the case was set to begin on Tuesday, Crysta Pleatman posted a long post on her Facebook page detailing how “an elected judge has continuously made bad rulings in our case against Sibcy Cline.” will update this story.

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Our View: Local real estate market poised in a great spot

The Lake Havasu City area real estate market is looking pretty healthy these days. Sales are up, as are prices.

Better yet, the increases in both are slow and steady, indicating they are sustainable for a while if interest rates hold steady. That’s a different picture than the national outlook, where prices have risen dramatically, perhaps too dramatically.

A recent news report said it’s relatively easy to obtain mortgages in Mohave County, with relative being a key word.

Lenders say post-recession regulations continue to drive up costs and force additional work on both lenders and borrowers.

More noticeably, the demand for homes is skyrocketing around the nation. After years of watching home sales decline, builders are cautious about expanding quickly and in many cases have lost skilled workers so vital to the industry.

Large developments are more cost-efficient to build than individual units, but even large developments are held in check by economics: Though more people are buying homes, they are not “moving up” as much because worker pay hasn’t risen as fast as home prices.

We offer these tidbits because they bode well for the local market, which has traditionally relied very heavily on real estate and construction as an economic driver.

The scenario is this: Lake Havasu City real estate remains a relative bargain, particularly in light of tighter demand in other parts of the state and country. The city offers an alternative to those wanting to live the dream in a warm weather climate and may already have a home elsewhere.

For them, and for those wanting to get into their own house for the first time, the slow and steady growth of the local market should add lots of confidence that prices are affordable now and also won’t head south anytime soon.

The local real estate market is in better shape than it’s been since 2007 to regain its strength and push the local economy forward.

— Today’s News-Herald

Foley Real Estate Boom –

For Sale Foley’s real estate market has enjoyed recent success.

FOLEY, AL – There’s a lot of renewed excitement surrounding the 500 acre sports tourism and entertainment complex on the Foley Beach Express.

It’s still officially called Blue Collar Country, but the Poarch Creek Indians, who are now operating the facility, will change the name and release detailed information about the theme park soon.

The local housing market will benefit from the massive entertainment development. Developers say nearby home values could increase as much as 10 to 20 percent when the complex opens.

“You’re going to create 1,500 jobs, so 1,500 people need a place to live,” says Chuck Corley, operations manager for the facility.

Local realtors are excited about potential growth around the development. Home prices have already increased five to eight percent from 2014.

BRIEF-Aareal Bank and Allianz Real Estate cooperate in high-volume syndicated loan

Aareal Bank Ag

* Aareal Bank and Allianz Real Estate cooperate in
high-volume syndicated loan

* Allianz Real Estate participated in a high-volume
financing of a pan-European office property portfolio arranged
and underwritten by Aareal Bank

* Share of Allianz Real Estate in this senior financing
(totalling eur 630 million) amounts to eur 365 million

* Borrower is Northstar Realty Finance Corp. who acquired
portfolio with a total value of eur 1.1 billion

Further company coverage:

Company Shares of Monmouth Real Estate Investment Corporation Drops by -1.02%

Monmouth Real Estate Investment Corporation (NYSE:MNR) has lost 1.02% during the past week and dropped 0.71% in the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1.22% and the outperformance increases to 0.33% for the last 4 weeks.

For the current week, the company shares have a recommendation consensus of Buy. Monmouth Real Estate Investment Corp. has dropped 9.3% during the last 3-month period . Year-to-Date the stock performance stands at -11.92%. The company shares have dropped 6.79% in the past 52 Weeks. On January 26, 2015 The shares registered one year high of $12.07 and one year low was seen on June 16, 2015 at $9.3. The 50-day moving average is $9.68 and the 200 day moving average is recorded at $10.64. S&P 500 has rallied 5.09% during the last 52-weeks.

Monmouth Real Estate Investment Corporation (NYSE:MNR) rose 1.77% or 0.17 points on Friday and made its way into the gainers of the day. After trading began at $9.56 the stock was seen hitting $9.82 as a peak level and $9.52 as the lowest level. The stock ended up at $9.75. The daily volume was measured at 895,248 shares. The 52-week high of the share price is $12.07 and the 52-week low is $9.3. The company has a market cap of $578 million.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Chief Financial Officer) of Monmouth Real Estate Investment Corp, Miller Kevin S., had purchased 053 shares in a transaction dated on July 15, 2015. The transaction was executed at $9.37 per share with total amount equaling $497. Currently the company Insiders own 6.4% of Monmouth Real Estate Investment Corp. Company shares. In the past six months, there is a change of 0.26% in the total insider ownership. Institutional Investors own 47.8% of Company shares. During last 3 month period, 0.12% of total institutional ownership has changed in the company shares.

Monmouth Real Estate Investment Corporation (MREIC) is a company operating as a qualified real estate investment trust (REIT). The Companys primary business is the ownership of real estate. Its investment focus is to own net leased industrial properties which are leased primarily to investment-grade tenants on long-term leases. In addition, the Company holds a portfolio of REIT securities. As of September 30, 2013, the Company had approximately 9,586,000 square feet of property.On July 11, 2013, the Company purchased approximately 14 acres of land adjacent to its property which is leased to FedEx Ground Package System, Inc. located in Richfield, OH. On September 12, 2013, the Company purchased two newly constructed industrial buildings that are both 100% net leased to FedEx Ground Package System, Inc. In August 2014, Monmouth Real Estate Investment Corp. acquired 327,822 square foot industrial building.

What's happening in the Ahwatukee/Foothills marketplace? – Ahwatukee Foothills News: Real Estate

Welcome to the July edition of the 2015 Market Action Report for the Ahwatukee/Foothills market. According to the Arizona Regional MLS, June property sales in the 85044, 85045 and 85048 ZIP codes were 155 sales, up 15.9 percent from 134 in June of 2014, and 5.5 percent lower than the May sales of 164. Year-to-date (YTD) sales of 852 are 15.9 percent ahead of last year’s YTD sales of 735.

Good news! The median sales price was $294,000 up 11.2 from $264,500 in June of 2014 and up 2.4 percent from $287,000 last month. The average sales price was $318,550, up 6.2 percent from $299,974 in June of 2014 and down 3.4 percent from $329,754 last month.

There were 489 properties for sale in June, up 12.9 percent from 433 last month and up 2.9 percent from 475 in June of 2014.

Days on the market (DOM) is an indicator of whether we are in a buyers or sellers market. An increasing trend of DOM may indicate more of a buyers’ market, while a downward trend may indicate a seller’s market. June’s DOM was 52, up 15.5 percent from 45 days in May and up 2 percent from 51 days in June of 2014. Homes are taking a little longer to sell. June’s new listing inventory increased 4.4 percent to 212 from last month and is down 25.4 percent from 169 in June of last year. The Month’s Supply of Inventory (MSI) for June increased to 3.2 months. Total inventory for June was 489, up from 433 last month.

The last thing we need to look at is sales price vs. original listing price. The closer to 100 percent, the more of a seller’s market is indicated. June of 2015 came in at 98.4 percent, which was up to 97.7 percent from last month and up from 97.9 percent in June of 2014. This has been a stable number.

Looking at the market overall, new listings (212) continue to exceed pending sales (155), a trend since January of 2014. The MLS was carrying 489 listings in June for ZIP codes 85044, 85045 and 85046. The median list price for all current listings in June was $359,000, while the median sales price was $294,000. The average list price of all current listings is $445,303, while the average sales price is $318,500. Sales under $325,000 are much stronger than the higher priced properties.

There were 5 percent fewer homes sold in June than in May. June ended with 3.2 months’ supply of inventory, level with June of 2014.

To summarize what is happening in our market, Month’s Supply of Inventory has increased, days on market are trending up; medium sales prices are up; and listing-to-sales ratios are up. Although interest rates are continuing to rise, they still are a great value. Demand from homebuyers for homes under $300,000 continues to be high. The hotter months of July and August tend to be slower months for home sales in the Valley and we expect sales to pick up the September.

• Linda Berg is branch manager and designated real estate agent for the Ahwatukee/Tempe office of Coldwell Banker Residential Brokerage. She has been a Realtor since 1978 and past-president of the Southeast Valley Association of Realtors. Reach her at (480) 753-3122 or

Valley real estate market continues to improve – Ravalli Republic

The Bitterroot Valley’s real estate market continued its upward trend in the first six months of 2015.

The median sales price was up again, sales of rural properties rose and the number of foreclosures on the market dropped some more, according to information gathered by Darwin Ernst of Hamilton’s Appraisal Services.

“I think we’re on pace of having a real good real estate market,” Ernst said late last week.

The median sales price of residential properties with less than 40 acres rose from $208,000 in 2014 to $224,000 during the first six months of this year.

“The current median sale price of $224,000 – which is still rising steadily – is very near the peak of the housing market in Ravalli County, when the median sale price was $225,000,” Ernst said.

“The current trends indicated by comparing the first six months of 2014 against the first six months of 2015 show a 13 percent increase in the volume of sales in the rural part of the market and an 11 percent decrease in volume of sales in the urban/suburban portions of the market,” he said.

The current median price of a Bitterroot Valley residential property has been increasing steadily since 2012, when it bottomed out at $167,000.

Some of that increase in the median sales price this year can probably be attributed to a decrease in the number of foreclosed homes on the market, Ernst said.

In 2011, a little more than 41 percent of the residential sales in the Bitterroot were homes that had been foreclosed.

In the first six months of the 2015, that number had dropped to about 12 percent.

“If we could get that number under 5 percent, it would not have much of an influence on property values any more,” Ernst said.

The volume of sales of bare land also increased in the first half of the year.

“People can see that for themselves around the valley,” Ernst said. “Hammers are being picked up now, which is a good sign of recovery.”

In the first six months of 2014, only three properties under a half acre sold. In the entire year of 2014, prospective builders only bought eight properties.

So far this year, 16 properties of the same size were purchased.

Sales of bare land properties over a half acre also increased, from 51 during the first six months in 2014 to 58 in the same time period this year.

Residential sales of homes with less than 40 acres are up as well from last year. In 2014, 218 sales were made in the first six months. So far this year, 249 residential properties have been purchased.

Ernst said there still is an oversupply of residential homes on the market in the Bitterroot Valley, which could hold down increases in property values over the short term.

There is currently about a two-year surplus of homes on the market, he said.

“There is still a lot of housing that’s overpriced at this point,” Ernst said. “People don’t want to believe that the economy has impacted property values.”

If the current trend of improving housing markets continues across the nation, Ernst sees no reason why Ravalli County won’t follow suit.

“Retirees continue to choose our market for their last best home, with the younger retirees often choosing the larger homes with surplus acreage and the older retires often choosing a small home on less acreage and with less maintenance.

“The crystal ball used to predict the housing market here in the Bitterroot Valley is much less cloudy than in the recent past, as all market trends indicate a continued slow recovery from the recent housing bubble,” he said.

GoDaddy founder going for gold in Phoenix-area real estate –


From Internet to commercial, GoDaddy founder Bob Parsons is making Phoenix-area real estate his domain.

The billionaire founder of the Scottsdale-based web-hosting company now wants to build a nearly 6,000 square-foot rooftop deck restaurant that would overlook the scenic McDowell Mountains in north Scottsdale.

Parsons recently submitted a request for a development approval to the city of Scottsdale through his YAM Properties, the commercial real estate arm of his entrepreneurial hub, YAM Worldwide.

The proposed restaurant would be housed on YAM Properties’ McDowell Mountain Marketplace at Bell Road and Thompson Peak Parkway, and also include some 3,600 square feet of patio space.

Design plans still have to be approved by Scottsdale’s Development Review Board, of course. But Parsons has designs on a number of other projects as well.

The restaurant proposal follows the Scottsdale City Council’s approval of a permit this month to allow Parsons to revamp and expand on his Scottsdale National Golf Club, also in north Scottsdale.

And, as reported by Business Real Estate Weekly of Arizona earlier this month, Parsons’ YAM Properties also recently snapped up a commercial building for $6 million in downtown Tempe and acquired the Village at Shea shopping center in Scottsdale for a reported $32.5 million.

Alongside a Harkins movie theater, Coffee Plantation and Pita Jungle, the Village at Shea also houses Amy’s Baking Company — the restaurant that drew national attention after a heated exchange between its owners and celebrity chef Gordon Ramsey was televised on the reality show “Kitchen Nightmares” in 2013.

Parsons’ companies also own commercial buildings in Glendale and Mesa.

Motorcycle dealerships and a new line of golf clubs are also among his numerous business ventures.

Parsons sold a portion of GoDaddy in 2011 but still serves on the company’s board of directors.

Join Realtor Diane Brennan for That Real Estate Show on Sundays at 8 a.m. on KTAR News 92.3 FM.

Opinion: What real estate in the Hamptons says about the economy

“The high times are over.” — Crain’s New York Business

If you think Elvis met an undignified end by dying on a toilet, wait until you see what happens to the Hamptons. Housing prices are finally falling, which signals doom for the entire economy, at least according to a chunk of the media, who are flapping their alarmist gums as we speak.

We could waste 100 years here speaking about how often the media jump to dramatic conclusions. But before dispelling the notion that as Further Lane goes, so goes America — let’s hold the thought in our palms for a moment.

After all, where else are we going to currently look for direction? Good luck parsing out larger meaning from this quarter’s earnings. Apple AAPL, -0.05% Caterpillar CAT, -3.61% and Microsoft MSFT, +1.25% disappointed big time, but Starbucks SBUX, -0.23% and General Motors GM, +3.96% did great, and even Amazon AMZN, -1.25% which has traditionally been what can politely be termed “profitably challenged,” made money.

In the end, try putting all those contradictory earnings into your spreadsheet and smoke it. You’ll die of the coughs.

Which brings us back to the sandy playground of all those Wall Street, media and entertainment tools.

In the second quarter of 2015, the total number of sales in the Hamptons — and median sale price — dropped. As in: off the lip of a cliff. Nearly 600 transactions were recorded, a 16% decline; moreover, median sales prices fell to $849,000 in the quarter, a 7% tumble, all according to Douglas Elliman Real Estate and Miller Samuel Inc., an appraisal firm.

As this was happening to the rich and beautiful (or, at least, surgically enhanced), the rest of us were laced with uncertainty too. July’s Consumer Confidence figure did curdle, dropping steeply to 86.9 from June’s 96.1 and, more problematically, expectations of 95.

Maintaining a decent level of consumer confidence always involves a bit of devil’s magic. Besides holding interest rates below ground and heedlessly printing money, the government can’t do much to help. Consumer confidence is, to some degree, psychological.

So is Further Lane a leading indicator?

No. At least not right now. Disappointment in the Hamptons and the real world did seem to pace each other a bit.

But here’s the factor to watch: In a country obsessed by celebrity and real estate pornography, the Hamptons may, going forward, hold outsized influence over psychic notions of our collective economic health. Traders and media bigwigs love the place. In fact, many work from there over the summer, adding to its overwrought influence. Never forget: Once notions of an economic decline take hold, the story will largely be told from Amagansett.

We are not, to be certain, there yet. One lame quarter (and it’s only been one) does not a recession make. That’ll take two. You have to, also, beware of a certain media bias. The media is not biased toward the positive or negative. In large measure, they are only biased toward having a new story line to write. Considering that the housing at the higher end and, indeed, economy at large, have been bouncing along nicely, recession (aka “The High Times Are Over”) is a fresh, new story line.

Nothing is better, at least to a journalist, than having a new story to tell. As a result, they are often too quick to tell it.

Considering, though, the dicey underpinnings of the economy (see: those underground interest rates and that heedlessly printed money), I might keep a particular eye on those bloated bodies and egos along Long Island’s depreciating South Shore.

Real estate rebound: In the midst of a healthy housing market | Concord Monitor

When Andrew and Chelsea Doughty walked into a house on Grove Street in Concord for the first time, they didn’t hesitate.

The Northern New England Real Estate Network currently lists more than 200 residential properties for sale in Concord, but the Doughtys were searching in a smaller niche. About 30 of those 200 local listings – 15 percent – are for multifamily homes. The average cost of a two-bedroom apartment in Concord is close to $1,200 per month – so the rent from the second unit will offset almost all of the Doughty’s monthly mortgage payment on their new house.

Not a bad deal for a first-time homebuyer.

Of the five properties the Doughtys toured, however, most listings sold in one to three weeks.

“We made an offer the same day we saw it,” Andrew Doughty, 29, said of the well-maintained, 1870s two-family home.

Realtors and experts say the Doughtys are part of a growing trend. As the market recovers from the recession and rents continue to climb, multifamily homes are a sweet spot on the Concord real estate map.

In particular, homes with two to four apartments are selling quickly to buyers who will live in one unit and rent out the others.

“They can spend more money if they are purchasing a two-unit,” said Realtor Christy Blouin-Mark of Christy Goodhue Real Estate. “They could spend $250,000 or $300,000 if they could use the income from the rental unit to offset the debt.”

A ‘healthy housing market’

Sales are up for both single-family and multifamily homes.

In a recent market report, the New Hampshire Association of Realtors last month recorded the greatest number of single-family home sales for any June since 2005. The median sale price – $254,500 – was the highest for any June since 2008.

Dave Cummings, director of communications for the New Hampshire Association of Realtors, said those numbers point to a continuing recovery.

“We’re simply in a healthy housing market,” Cummings said.

That healthy market for real estate includes Concord. The city assessor recorded 208 single-family home sales in 2011, but that number climbed to 334 in 2014.

While the volume of multifamily home sales is smaller than that of single-family houses, that upward trend is the same. In 2011, the city assessor noted only 10 sales for two-family properties in Concord. In 2014, 20 two-family homes and 11 three-family homes sold.

So far for 2015, the city is on track to top those numbers again; 22 two-family homes have been sold this year as of July 10.

“I would say the greater demand is two- to four-unit buildings,” Blouin-Mark said.

Despite that recovery in the real estate market, buyers are more cautious than they were in 2004 and 2005. And as prices for starter homes climb back up toward previous levels, young couples like the Doughtys are attracted to the financial benefits of a two-family home.

Realtors said they have also seen interest in multifamily properties from buyers who want family members to live with them.

“First-time homebuyers in the last two years are becoming more financially savvy,” Realtor Robin Dennis of RE/MAX said. “They are very focused on staying within their budgets, so in my opinion, they’re looking at these multifamily homes as a way to basically live for free – have your tenant pay your mortgage or the majority of your mortgage. They’re able to purchase more house for the money.”

High demand

Although the inventory of both single and multifamily homes in Concord is low, demand is high. Realtor Kathy Lee of BHHS Verani recalled another agent who listed two multifamily properties in the Concord area – and within 24 hours, had offers on both.

“We had some investors that have been looking now for a while, and they’ve been missing out because there are multiple offers,” Lee said. “They’re even offering to pay above the asking price. Right now, there does seem to be a strong demand to purchase the multifamilies.”

Between multiple local agencies, Lee counted 12 multifamily homes under agreement in early June. A well-maintained home, she said, goes fast.

“There are some that have been on the market for a while,” she said. “I’m going to chalk that up to the fact that they are either in a bad location or the condition. . . . If it’s something that requires a lot of work, you tend to see people not as aggressively pursuing those.”

More renters, higher rent

The combination of low inventory and high demand has another side effect: rising rent for eventual tenants.

“Ultimately, it’s a supply and demand issue,” said Dean Christon, executive director of the New Hampshire Housing Finance Authority.

The recession slowed the number of new starts on multifamily or rental properties, and the market isn’t as hot as it once was.

But people – both millennials who can’t afford to buy yet and seniors looking to downsize – are renting more often.

So the stock of rental units is down, but the interest in them is up. In addition to creating extremely low vacancy rates, Christon said that tension only drives rent up. According to data from the Housing Finance Authority, Merrimack County has both a lower vacancy rate and a higher average rent than the state averages.

“We just don’t have as much production of multifamily housing as we need to keep up with this demand,” Christon said.

The more rental housing built, he said, the more stable the rates in the rental market. But he predicted the interest in buying smaller multifamily homes will continue to go up.

“It is likely that the value of two- to four-family units will continue to go up as the demand for rental housing increases and rent increases,” Christon said. “The opportunity to build those is not always available now in many of our markets.”

Opportunities to invest

Ben Kelley is one of the local investors capitalizing on the current climate for rental housing. The 29-year-old developer owns about 20 units in Concord. Kelley and his wife, Karina, rehab distressed homes with four to six apartments inside, and then they hold the properties to act as the landlord and collect rent on their investment.

“My personal thought is that there’s a very sore, huge lack of quality and affordable housing,” Kelley said. “There’s a lot I see for rent out there on Craigslist, but it’s all, in my opinion, not very quality stock.”

So he updates the kitchen equipment and adds new bamboo floors. And his investments pay off. He recently bought a house on South Main Street with six apartments that hadn’t been updated in seven to 10 years. One-bedroom apartments were renting as low as $500 a month before Kelley bought it.

For the new digs, he’s getting between $750 and $950 per month.

“Basically a 50 percent increase,” Kelley said.

As an investor who needs a return, Kelley said he prefers buildings with more than two or four units. But he noted Concord developers don’t often flip – buy, rehab, sell – properties as often as those in Manchester.

Like him, they hold onto the buildings and act as landlords.

“There’s not as many multifamily investors buying and selling on a recurring basis,” Kelley said.

Or like Andrew Doughty, they live alongside their tenants. Perhaps those young homebuyers will become a future generation of investors as well.

“Eventually, we could have it as an income property,” Doughty said of his new home. “We like the potential of having that later down the road.”

(Megan Doyle can be reached at 369-3321, or on Twitter @megan_e_doyle.)