4306 Grimes Avenue, Morningside, Edina, MN Is Now Pending
The long-awaited 42-day contingencies have been removed, and my listing at 4306 Grimes, in the Morningside neighborhood of Edina, has finally moved to ‘Pending’ status. What this means is, my client has accepted an offer, and all of the contingencies have been removed (inspection contingcies etc.) and this property is scheduled to close at the end of the month.
The market asking price (had it gone on the MLS) would have been $450,000. Many people inquired as to the status of this home, and why it was not listed online: The reason; at the last minute, right after the sign went in the yard when we were ready to go on the market, the seller extended the time period of the ‘right of first refusal’ for the church next door to come up with a solution so they could purchase all or part of the property. Somebody purchased the home and is going to build a single-family home on it, and deed/gift a portion of the property over to the church next door. The buyers had a 42-day contingency period that tied the home up for a while…hence the sign in the yard and no online information or ‘Sold’ sign on it.
Now the ‘SOLD’ sign is officially on.
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