A Good Weekend for TwoPosted on Tuesday, January 22nd, 2013 at 4:54pm.
Both listings seemed to debut quite high for what they were, back 3-4 months ago. There are 2 ways to make a sale when you've done that: Wait. And cut.
810 1st (5br/5ba, 4850 sq. ft.), you've waited too long.
This big 80s original debuted last August, canceled for the holiday season and just returned to market last week. Boom! They've got their deal.
Welcoming this one back to market only last week, MBC said:
The issue here is that absolutely everything needs a 21st-century update. That takes vision and will take some cash. At the end, we see potential for a terrific house, but you've got to buy it at the right price.810 1st began last year at $3.950M and came back last week at $3.577M, or 9% off the start.
|1402 Manhattan Ave.|
We've made a couple of references to the home's "Strand-like PPSF," which was $1,125/PSF with the price at $2.699M.
We've called it a "showpiece," "all high-style, spare and modern, with layer upon layer of extra detail added in."
But we also noted that the start price at $2.799M was "ceiling-pushing" for a townhome, and the one cut to $2.699M wasn't much of a chop.
Maybe they were closer to the right number out of the gates that we had fathomed? Time will tell. If this new deal sticks, we'll see where it settles out.
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