More on Lennar Ad: Are they bargains? by Geniusofdespair

Let’s test out this ad above and do some comparison shopping to see if there is really a bargain.

The 5 bedroom house in the Royal Collection is offered at $424,615 ($70,000 off of $494,615). I found two 5 bedrooms that sold for $421,120 and another on an oversized lot for $474,510.

The 4 bedroom in the Majesty Collection is a townhouse offered at $256,940 (marked down $70,000 from $326,940). I found 3 4 bedroom townhomes for $321,990, $318,855 and $286,150. This looked like it could be a bargain.

On the 3 bedroom townhouse in the Sable Collection, it is being offered at $238,630 ($70,000 off $308,630). Depending on square footage, this could be a bargain from previous sales but I didn't see any for as high as the original price of $308,630 at any square footage.

Pay attention to the lot and block as closer blocks would probably be similar. (Public records don't list 1/2 baths.)

Lot 5 Block 50 3 bedroom townhome sold for $267,300 8/2006 1,593 sq ft
Lot 6 Block 45 3 bedroom townhome sold for $267,800 9/2006 1,679 sq ft
Lot 2 Block 45 3 bedroom townhome sold for $275,490 11/2006 1,679 sq ft
Lot 6 Block 106 3 bedroom townhome sold for $255,990 1/2007 1,679 sq ft
Lot 6 Block 49 3 bedroom townhome sold for $304,620 8/2006 1,861 sq ft
Lot 3 Block 48 3 bedroom townhome sold for $303,990 8/2006 1,861 sq ft
Lot 4 Block 40 4 bedroom townhome sold for $321,990 6/2006 1,964 sq ft
Lot 1 Block 40 4 bedroom townhome sold for $318,855 7/2006 1,964 sq ft
Lot 1 Block 44 4 bedroom townhome sold for $286,150 2/2007 2,144 sq ft

Single family homes:
Lot 3 Block 20 3 bedroom 2 bath sold for $384,990 1/2007 2,433 sq ft
Lot 1 Block 20 4 bedroom 2 bath sold for $375,005 2/2007 2,552 sq ft
Lot 8 Block 20 4 bedroom 3 bath sold for $409,690 11/2006 2,914 sq ft
Lot 13 Block 12 5 bedroom 3 bath sold for $421,120 11/2006 3,229 sq ft
Lot 7 Block 20 5 bedroom 3 bath sold for $474,510 12/2006 3,393 sq ft (oversize lot)