"The Starbucks Effect" - home values higher when walking distance
By Sharon Lord, New Home Advisor
(Maracay Homes)
As reported on CNN , Zillow has determined that home values are higher when located within 1/4 mile of a Starbucks - whether you are a coffee drinker or not, being convenient to this coffee shop impacts your home value!Between 1997 and 2013, homes adjacent to a Starbucks increased 96% in value, versus 65% for other US homes.This is great news for Sendera Place, the new Maracay Homes Community in South Chandler - a brand new Starbucks is under construction, just a few hundred feet southeast of us!Imagine waking up on the weekend, and walking to get fresh coffee and perhaps a pastry....?This photo was taken from our gated entrance on Ocotillo Road - the free-standing building in front/right of the Sprout's is a Starbucks! That is DEFINITELY within 1/4 mile of Sendera Place!
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