This sold listing is a great example of what a slightly lower budget can buy in a brand-new community nearby. For less than the asking price of 205 Rosewood, a buyer was able to secure a larger, brand-new home on Sugar Pine Drive. The modern layout and fresh finishes of that new build make the current asking price for 205 Rosewood look a bit steep by comparison. While the corner lot and landscaping at 205 Rosewood are attractive, the market seems to favor the value of new construction and additional square footage.

When we look at this sold listing on Oak Park Boulevard, it is clear that 205 Rosewood is facing some stiff competition. This property sold for more overall, but it offered significantly more space and the benefit of being brand-new construction with high-end vaulted ceilings. While 205 Rosewood is a lovely home with great solar features, it is currently priced higher per square foot than this newer, larger neighbor. The architectural details in this sold home, like the open-concept vaulted family room, generally command a higher price point than what we see at the home for sale.

The home on Hawksbill Drive provides a great baseline for the area, having sold recently for a much lower total price. Although it is slightly smaller than 205 Rosewood, the finishes and overall quality are very comparable. Even when we account for the extra square footage at 205 Rosewood, the price gap remains quite wide. The solar panels at the home for sale are a nice bonus, but they don’t fully bridge the value gap created by the lower sales price of this nearby property.