Miller and Smith Cuts Base Prices on “Magic” Series Townhomes in Brambleton
January 6, 2009 by Danilo Bogdanovic
Filed under New Construction/Builders
Miller and Smith just cut the base prices on their "Magic" series town homes in Brambleton today. Previous base prices started at $399,990. Effective today, base prices start at $359,990.
Here's the breakdown (click on links to see floor plans):
- Merlin (interior model) – $359,990
- Houdini I (end unit) – $369,990
- Houdini II (larger end unit) – $382,990
But, there's a catch…
Miller and Smith slashed some of the incentives they were previously offering so the net cost with basic options and upgrades is only slightly lower, if not the same as before.
Here are the current incentives they're offering:
- $10K in closing cost assistance (use of one of their preferred lenders and title company required)
- They have a special on an upgrade package consisting of granite counter-tops, stainless steel undermount sink, upgrade faucet and hardwood flooring in the kitchen, great room and hall. It's valued at $17,650 and they're offering it for $9,800
They have two Merlins, one Houdini I and one Houdini II available for February/March delivery. They're all in the same row off of Twin Falls Terrace and back to the future Active Adult (55+) community in Brambleton. They may have a spec coming up, but that's not for sure and the chance is slim.
Miller and Smith will be releasing a new row of town homes off of Twin Falls Terrace sometime in the near future, but no word as to exactly when. That row of town homes should have two Merlins, one Houdini I and one Houdini II. Those will back to a small common area surrounded by other Miller and Smith "Magic" series town homes.
On a side note…if you like these Miler and Smith town homes, but don't need to have new construction, there are several resales on the market in the same community (including foreclosures/bank-owned and short-sales).
If you'd like more information or to preview the town homes or community, feel free to email or call me – danilo.bogdanovic (at) gmail (dot) com – 703.582.6900 (cell).
govind on Mon, 11th Jul 2011 9:16 pm
Miller and Smith homes are sucks, whatever they are asking is just for land I can say, all other are options… after basic things like kitchen and and shown cabinets, hardwood in hall, deck, walls, lights, bathrooms, finished bed rooms ..all together you can buy another house in another community…they are just cheating people by showing all classy things, but none of them covered in base price… you can buy awesome single family home with all upgrades… and still you can save around 50k with this single family home.
Samuel Eric on Mon, 11th Jul 2011 9:19 pm
I aggree.. these houses are for fools who don’t do research…market is down like anything… and these buggers are selling townhomes at single family and mansions prices…
Danilo Bogdanovic on Wed, 13th Jul 2011 1:12 pm
Samuel – They must have figured out that there weren’t many fools in this area and finally dropped their prices. Note: This post was written in January 2009. At that time, their homes were overpriced. They learned their lesson and dropped their prices (and finally sold their town homes). But that was 2.5 years ago and the market has changed dramatically since then – inventory is way down, buyer activity is up and prices are up. And builders, just like traditional sellers, have adjusted their prices accordingly. Let’s just hope they don’t become greedy again like they did in the last decade.
Danilo Bogdanovic on Wed, 13th Jul 2011 1:15 pm
Govind – What area of the country are you in? I ask because most builders in this area (Northern VA/DC metro) now include many of the what used to be non-standard options in their base price. What you have to spend on options on a new home today is much less than what it was several years ago. I’ve witnessed first-hand builders battling it out over who has the best standard options already built in to their base price.