On 2 separate parts of MB's 31st St. there are new deals.
One likely marks the end of a home, while the other deal marks a beginning.
First, the beginning: It's at
228 31st (4br/4ba, 3925 sq. ft.), a new modern on a sloping beach-adjacent walkstreet west of Highland.
Say what you will about the 100 blocks... the…
On 2 separate parts of MB's 31st St. there are new deals.
One likely marks the end of a home, while the other deal marks a beginning.
First, the beginning: It's at
228 31st (4br/4ba, 3925 sq. ft.), a new modern on a sloping beach-adjacent walkstreet west of Highland.
Say what you will about the 100 blocks... the 200s climb higher up the hill and give you more blue.
The top-quality build debuted at $4.895m in mid-June while work was still under way. It cut to
$4.395m in July, and was there when a deal was posted this week.
The home certainly calls to mind a similar modern at
220 35th (4br/4ba, 4200 sq. ft.), which debuted in October 2008 at $5.5m (unofficially), $5.0m officially, and sold for
$4.0m soon thereafter, closing in late December 2008. (See "
Close the Books on 220 35th.")
We can't see property details on 35th on Redfin from here, for some reason, but there is a nice spread about the home on
Luxury Life & Style if you
click here and jump in their reader to pages 96-98.
We'll watch how the somewhat smaller 31st St. home fares this year against that $4.0m sale on 35th as one marker of where we stand today about 20 months later.
Also worth a note: A roughly similar modern in the 100 block in the South End (
128 9th) sold for $4.9m in Nov. 2009.
Look further east now along 31st, and back in time.
Now, the ending: On one of our favorite Tree Section blocks, 31st St. under the canopy, a corner-lot offering has been tempting buyers for most of a year.
At
668 31st, they've made no bones about the condition of the late-40s-vintage existing house: "original," "owner will not make repairs," "as is and without warranty." They haven't quite called it a dirt sale, but they've acknowledged that it probably is.
After a start at $1.3m in October 2009, the price cut to
$1.1m in January this year, and that was it.
We'd have thought a street-to-alley lot on 31st on the "better" side – the south side gets a garage on the downslope, meaning it doesn't have to impede on the living space – would have found lots of takers. And yet...
One issue is the size of the lot: 4200 sq. ft. on a slope is not a lot of space, nor an easy space to build on. The other issue is the apparent easement on the front corner at 31st for a big electrical box. Nobody wants a chunk like that taken out of their home design plans.
MBC
asked back in January: "So how much longer can 668 31st last at $1.1m?"
The answer was, apparently, 7 more months.
Now, maybe it is the end for the current structure at 668 31st, but let's see if this is really the beginning for something better.
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Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.