Action on 9th

Posted by Dave Fratello on Saturday, April 12th, 2008 at 12:12am.

It has been about 6 weeks since there was a sale in the Hill Section, but this week we saw 2.

First was a new listing, priced at land value, at 943 9th (just west of Dianthus). A flat and dated yet "very livable" home (listing) was offered on a 7500 sq. ft. lot for $1.6m. With some lot sales in the area going for much more (872 8th, somewhat larger, sold off the MLS for $3m), that must have looked like a bargain. It lasted 3 days.

Second was a home just down the street at 916 9th (pictured), which we've featured at MBC several times because we unabashedly liked it. (See our first story, "A Modest +50% in the Hills.") This one began last year at $3.275m and worked its way down to $2.895m this year, after some holiday time off the MLS.

The sellers paid a hair less than $2m in Nov. 2003, so they'll walk with a nice profit. Equally important, someone's getting a great home out of the deal. Our best to both sides.
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