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Calgary & Edmonton Real Estate Former Calgary show home attracts competing offers after price reduced

752 Somerset Dr. SW., Calgary

ASKING PRICE: $455,000

SELLING PRICE: $450,000

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TAXES: $2,655 (2015)

DAYS ON THE MARKET: 41

LISTING AGENT: Steven Hill, Sotheby's International Realty Canada

The Action: This detached, two-storey residence was listed for $462,500, but sluggish response from house hunters – who were fewer in numbers than properties available – convinced the sellers to reduce the price to $455,000.

Shortly after, one set of buyers made an offer. That bid soon fell apart, allowing a second party to make a proposal the next day. Though the first party returned with a revamped offer free of conditions, the second offer won the day.

What They Got: This 17-year-old structure on a 35-by-122-foot lot was once a show home, so it features quality finishes throughout the 1,708-square-foot interior, plus a basement with play, recreation and hobby rooms.

Facing the road is an attached double garage and foyer leading to a fireside family room and kitchen with American walnut floors, a pantry, island with seating and a walkout to a deck with a built-in barbecue, stone fireplace and patio heater.

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The second floor offers an open media room and three bedrooms, including a master with a walk-in closet and one of four bathrooms.

Homeowners association fees are $75 annually.

The Agent's Take: "It's right across the street from the only school in Somerset, but it faces an open park and ball diamond," says agent Steven Hill. "So it's a wonderful family location and it's within the playground zone as well, so it's nice slow traffic that goes by."

In terms of the house, it has a few unique traits. "Being that it had a finished basement, it may be a little larger than one would typically expect in Somerset," says Mr. Hill.

"It was a unique layout because it was a full-width deck with a very unique built-in fireplace and built-in barbecue."

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