Egypt Sherrod and Mike Jackson’s ‘Rock the Block’-Winning Home Sells for $1.32M

Egypt Sherrod and Mike Jackson’s ‘Rock the Block’-Winning Home Sells for $1.32M

https://ift.tt/7lHDK3j

Kudos to Egypt Sherrod and Mike Jackson, the champions of Season 3 of “Rock the Block.” The married couple, who are also the stars of their own HGTV show, “Married to Real Estate,” earned the top prize in the popular renovation competition by adding the most resale value to their single-family home.

Sherrod brought a wealth of real estate knowledge and a keen eye for design to the project in Summerville, SC, while Jackson was the master builder. Together, they created a luxurious coastal property that impressed the judges and viewers alike.

It’s no wonder, then, that such a well-designed home with an HGTV pedigree has already been snapped up by a buyer. We recently learned that the five-bedroom, 4.5-bath property was sold off-market for $1.32 million just a few days after the season premiere.

As it turns out, a superfan got in early and snagged this stunning home, according to Jason Harper, the property’s listing agent, at HQ Realty.

“A Realtor® friend had a client who loves ‘Rock the Block,’ and he knew he wanted one of the houses,” says Harper. The fan made an excellent offer, and all parties agreed to sell it off-market. Property records indicate the sale was finalized on March 3.

So why did the sale occur off-market? Some experts believe it’s a result of the hot seller’s market.

“Buyers and their agents will reach out to projects to see if they can make a deal with the seller before a property opens up to the public,” says Khari Washington, a real estate agent with 1st United Realty in Riverside, CA.

Others pointed out that the home’s cachet made the interested buyer act fast.

“With unique homes like this one, friends might pop by to see it ahead of time and bid early,” says Damian Hall of The Damian Hall Group in Greenville, SC.

But off-market sales might leave money on the table, notes Tony Mariotti, a real estate agent and the founder of Ruby Home in Los Angeles.

“I wouldn’t sell this way because there are too many buyers and bidding wars, so it’s best to get the maximum number of market participants,” he says.

Another lingering question for this winning home involves the price. It sold for $70,000 more than the current listing prices of the other three “Rock the Block” homes. So, is the higher price justified?

Harper points out that the hallway in the entry added more square footage to the house, “and the design elements from Mike and Egypt definitely justified a higher price.”

“The style is refined, clean, and contemporary, and it’s likely to appeal to a broader set of buyers—and it’ll hold up over time,” says Mariotti.

He also thought the staging was less busy, which gives the place a bigger, more relaxing feel.

“You can’t go wrong with white oak floors, light-colored Shaker cabinets, and an open floor plan,” says Washington. “The house sold for more because it’s a beautiful blank slate that will allow the new owners to add any touches they like—it could be decorated in so many ways.”

Washington also cites the kitchen’s flow to the family room and the whitewashed brick exterior as big pluses.

“These features demand a premium price,” he says.

Now that the winning sale is in the bag and the also-ran houses are doing big business on the market, things will likely settle down in Summerville—and Harper, for one, is ready for a break.

“On the one hand, we’re tired and ready for things to go back to normal,” Harper says. “But we’ll also miss all the excitement around this project.”

The post Egypt Sherrod and Mike Jackson’s ‘Rock the Block’-Winning Home Sells for $1.32M appeared first on Real Estate News & Insights | realtor.com®.

Real-estate