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Selvaag heir puts up the house for 75 million – E24

Selvaag heir puts up the house for 75 million – E24
Selvaag heir puts up the house for 75 million – E24
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Cecilie C. Holte Selvaag put this home on the open market on Friday. Recently, the neighbor had to put down 15.9 million to sell the luxury home.

– If we don’t find the right buyer, then we wait. We have plenty of time in the process, says the broker about the property on Oslo’s western edge. Photo: John Anders Sugaarden
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– We put it out on Friday and there has been good demand throughout the weekend, says the broker who will sell the home, Axel Kolle.

Although house prices have started to fall, Kolle says there are “several” people who have called him and downloaded the prospectus for the luxury home, which is listed for NOK 75 million.

– In this segment, the interest rate does not hit as hard, as there are to a lesser extent loan-financed purchases, says Kolle.

– This is a type of property that comes out every generation, he adds.

TOTALLY RENOVATED: The home must have been refurbished in 2003.
TOTALLY RENOVATED: The home must have been refurbished in 2003. Photo: John Anders Sugaarden

Swimming pool in the basement

The home is behind a hedge on the corner of a quiet street on Oslo’s western edge.

– After all, it is one of the best-situated detached houses in Gimle – one of the most attractive areas in the whole country, says the broker.

In the advertisement on Finn, it appears that the home extends over four floors, has four bedrooms, an underground garage with direct access to the home and a swimming pool with a counter-current system.

Broker Axel Kolle states, however, that the swimming pool is now covered with parquet and that the room is now used as a gym.

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Lowered the price

The home was bought by Selvaag heiress Cecilie C. Holte Selvaag in 2002 for NOK 19 million. According to the broker, the home was a renovation project at the time. Now it will be refurbished.

In 2020, the house next door was advertised for 80 million. The seller was investor Lars Ditlev Ditlevsen. At the time, Ditlevsen is said to have stated to Finansavisen that the house “sold itself”.

According to the property’s land register, the house was sold this year, three years later, for NOK 64.1 million. That means almost NOK 16 million less than what Ditlevsen initially hoped for.

In connection with the sale, Ditlevsen told Finansavisen that it was not him who set the price for the home in 2020.

– The price estimate was based on contact with five experienced brokers who all assessed the value at approximately NOK 70-80 million. In addition, there was a dialogue with an embassy that indicated an interest in buying the home in this price range, when I commented on the sale in 2020.

Ditlevsen had to lower the price five times before it was finally sold.

CHEAPER: The home on the right was recently sold for NOK 64.1 million.
CHEAPER: The home on the right was recently sold for NOK 64.1 million. Photo: John Anders Sugaarden

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– We have plenty of time

Broker Axel Kolle is not worried that Selvaag will suffer the same fate as the house next door.

– The two objects are not the same. The standard is completely different. In addition, this is a very sunny, unashamedly fenced corner plot with direct access to the home from a double garage. In my opinion, the two objects are not directly comparable, even though they are neighbours, says Kolle.

– What do you think it says about the market for this type of housing when the neighbor had to go down so much?

– This is a completely different property, both when it comes to standard and location. I feel the property is well worth the price. The property will be sold when we find the right buyer who sees these qualities. If we don’t find the right buyer, we wait. We have plenty of time in the process, concludes Kolle.

The seller Cecilie Catharina Holte Selvaag has no comments in connection with the sale, she states via the estate agent.

Get today’s most important economic news here!

Read on E24+

Broker summit on the housing market: – Small “bump in the road”

The article is in Norwegian

Tags: Selvaag heir puts house million E24

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