Nice, big Tree Section homes under $2m – they come and go so quickly sometimes.
In the space of a few days, that happened with 755 31st (4br/5ba, 4050 sq. ft.).
But this time, it wasn't because of a bidding war.
This serious, classy "English Country" remodel on one of the Tree Section's great streets popped…
Nice, big Tree Section homes under $2m – they come and go so quickly sometimes.
In the space of a few days, that happened with 755 31st (4br/5ba, 4050 sq. ft.).
But this time, it wasn't because of a bidding war.
This serious, classy "English Country" remodel on one of the Tree Section's great streets popped up 10 days ago as a short sale at $1.875m. Your blog author toured it and shared info with clients, and the place was slightly crawling with other agents and clients – primed, perhaps, to become the next 800 19th. (See "$1.95m for Pacific 'Sensation.'")
Alas, no.
The property, which is currently rented out, now has been leased to new tenants. Apparently, while that short-sale option was being dangled in front of buyers, it was also up for lease or even a lease-option purchase, and now a straight sale is out of the question.
No bidding war – no nothing.
Cue the guy in the striped shirt throwing the yellow flag in the air: "False Start: Sellers!"
Internet real estate shoppers (know any?) might have seen this property in recent months as an FSBO offering or, in past years, also on Craigslist – always over $2.3m, and often with offers of seller financing or "take over payments" (caveat emptor). There's also a further-back history on the MLS, with the home last being offered at $2.375m in late 2010.
The rapid appearance of the listing at a sub-1.9 price less than 2 weeks ago kindled a profound new interest in the property. Can you really get onto 31st for less than $2m, in a home that's very, very well done – even if it lacks a yard?
That's a nice question – an important question – but it won't, apparently, be answered at 755 31st.
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 19th, 2024 at 3:30am 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.