End of an Era on 16th

Posted by Dave Fratello on Tuesday, February 14th, 2012 at 3:31pm.

337 16th
If it seems like 337 16th has been for sale constantly for 5 years, just know that's not quite true. They skipped 2009.

But, yes, 16th was offered:
  • for 5 months in 2007 (mostly at $4m);
  • for 6 months in 2008 (mostly at $3.8m);
  • for 2 months in 2010 (at $3m); and
  • for all of 2011 and 2012 (at $3m, down to $2.699m).
Hey, that is how you expose your property.

Now let's sound the trumpets, folks, because 337 16th has posted a deal. For neighbors and market-watchers alike, it may feel like the end of an era, the doorway to another world.

Who can say what makes a listing last forever?

With 337 16th (4br/5ba, 4550 sq. ft.), you have a plenty appealing home, very big, with a proper walkstreet layout downstairs – a chill room opening to the patio/walkstreet – a private location near downtown and really everything, ocean views and a fairly modern feel. Oh, and a 4-car garage – a necessity where the home is located.

You want to update this 1997 build more than the current folks have? OK. Make your offer and price in the work.

The sellers were being obstinate with too-high demands? Grind them down. Make your offer, walk away, come back later.

Surely over 5 years someone must have tried to lay out the market reality here, which was that it's a 2.5-ish house, not a 4-ish house or a 3-ish house, or whatever it was they were asking at a given time.

Now there's finally some kind of meeting of the minds, and good for both parties.

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(Nerdy note: We said late last year in "Ocean Views for Less," that 16th was on its third "not-yet-successful listing in 4 years," having begun in March 2008. However, we checked our old hand-made spreadsheets from 2007 and found the Aug.-Dec. 2007 listing, plus an MBC post from Aug. 2007 praising the listing description. So this post is correct – the successful listing was the fourth over 5 years. This last one tolled 474 official DOM.)
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