The first day we ventured out to see
2104 John (5br/5ba, 3980 sq. ft.), agents around town readily volunteered to your blog author that the home was overpriced at
$2.599m.
On that point, there was near-unanimity, with the listing agents being the exceptions.
If John was high, the question was:
By how much? One agent…
The first day we ventured out to see
2104 John (5br/5ba, 3980 sq. ft.), agents around town readily volunteered to your blog author that the home was overpriced at
$2.599m.
On that point, there was near-unanimity, with the listing agents being the exceptions.
If John was high, the question was:
By how much? One agent said specifically, "It's too high, at least three hundred" – thousand, that is.
Now that 2104 John has closed for an even
$2.3m, we can report that that one prediction was off. By $1k.
As for the rest of us, here's guessing many would have expected a lower closing price. And that's why we let the market decide, instead of getting wedded to predictions.
You may recall that the home is a big, newer (2002) Spanish on a wider-than-normal lot (5700 sq. ft.). The home's nice and familiar if you know recent Tree Section construction, with the main difference being that rooms were each a bit bigger than you'd be accustomed to. Beyond that, no over-the-top finishes or ultra-special details. (This writer once kidded that the sinks must have gold fixtures.)
No doubt the biggest attractions were the block –
oooh, dreamy, sleepy John, a stone's throw from everything, but a world unto its own – and the size, just a little more than buyers could find elsewhere.
The sale price at John, despite a discount of $299k, is a substantial boost over its acquisition price.
In April 2003, the now-former owners paid
$1.8m. The resale 7 years later, with no improvements on the 2002 original home, is a smooth $500k boost, a jump of 28% in the market price, 4% per year if you're inclined to average it out.
Impressive, and – no doubt – fodder for the debate over what year's prices prevail in MB these days. This resale looks like an '05-'06 price here in 2010, not so common around here for a while.
Worth noting: The most expensive home in the Trees to make a deal since 2104 John went under contract in mid-August was
1821 Poinsettia at
$1.699m.
Please see our blog disclaimer.
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.
Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2024 at 9:48pm 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.