SalemNews.com, Salem, MA

Homes of the Week

November 8, 2013

Quality and value translates into robust sales

The Village at West Gloucester is just one home away from selling out! Built on more than 24 private acres near Route 128 and Wingaersheek Beach, The Village is a pristine setting that has set aside nearly 15 acres as open space with walking, jogging and bicycle paths. Homes are built in shingle-style design with cultured stone chimneys and copper caps. This community shows off plenty of curbside appeal with its arbors and picket fences to hold back the beach roses here in the heart of Cape Ann. All this and more for $609,900!

“These Energy Star-certified homes are built with exceptional quality construction, from the 9-foot ceilings on the first floor to the detailed, embellished interior trim throughout,” said Realtor Eileen Scanlon, sales director for Coldwell Banker Premier Communities. Jack Tucker, vice president of construction, noted that, “Energy Star-certified homes achieve operating costs that are at least 20 to 30 percent less than the average home. A 92 percent-plus efficiency furnace combined with blown-in/batt insulation ensures that heating and cooling bills will reflect a significant savings. Exhaust fan timers, upgraded filters and humidifiers not only contribute to the Energy-Star rating but also create a healthy environment that will enhance your life and the life of your home.”

“Coldwell Banker Premier Communities joined the development team in late spring of 2011, and things have been happening ever since,” Scanlon said. “The developer, builder, and sales and marketing teams have been very dynamic with terrific synergy. One of the top concerns a homebuyer has about a condominium community in today’s marketplace is financial strength. Restoration Capital, the new developer since September 2010, specializes in finding high-quality residential communities in need of additional financing and transforms them into vibrant properties. Restoration Capital’s tremendous financial strength and its investment in this property has meant stable ownership. It also translated into the sales of very high-quality residential homes at a fraction of the prices set when real estate was peaking, presenting a very appealing purchase opportunity.” Homes were priced up to $900,000 in 2007 to 2009; the one remaining home is now listed at $609,900. The window of opportunity for a new construction home here at The Village is very limited!”

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