$1.95m for Pacific 'Sensation'

Posted by Dave Fratello on Friday, December 2nd, 2011 at 7:34pm.

800 19th
A bidding war of sorts broke out early last month right after 800 19th launched.

Within 36 hours of the first agents and buyers walking in, there were 7 offers on the 5br/4ba, 3675 sq. ft. house.

The winning bidders put in more than asking ($1.899m) and made it their new home at $1.952m.

The buyers also made quick work of the inspections process and had no loan contingency. That meant once the property checked out – just a few days after it was first opened up – it was just a matter of marking time before the title transfer. 

We called 800 19th (which fronts Pacific Ave.) one of "the rockets" of Fall 2011. (See "Late-Season Sensation.") It's a $2m+ house without the Pacific factor, but that "location discount," however modest it proved to be, opened the door to a larger number of buyers.

For the 6 stilted would-be buyers, the question remains – where and when will the next good 4/5br home come along under $2m? We've got clients asking that very question.
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