Hill Section Dirt Over $5M

Wednesday, August 20th, 2014

It took a few months, but they've now sold 828 Highview, a favorable, large corner lot with potential views from the second floor of a new home. (Lot size: 8900 sq. ft. and change.)

The price for the lot: $5.400M.

And from there, you have to start spending to create a home to take full advantage.

The sale price here is quite a drop (-15%) from the start price of $6.350M, which everyone was told was "firm." Until it wasn't, apparently.

One of the comps for this lot would be 724 10th, a slightly bigger lot (10,500 sq. ft.) just a couple blocks north. That one had been a frequent traveler on the MLS in 2011-2013, with asking prices from $5.690M down to $4.895M. It finally sold off-market in March this year for $5.630M. (Looks like that 2011 start

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Based on information from California Regional Multiple Listing Service, Inc. as of August 20th, 2014 at 1:23pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.