We all know escrows can fail for any number of reasons. But MBC is watching this sub-segment of activity more closely in the wake of last week's hullabaloo over mortgage credit, terms & rates.
So far, in just a few days, we have seen no new escrows begin, and two fail.
Quite possibly these are unrelated to the…
We all know escrows can fail for any number of reasons. But MBC is watching this sub-segment of activity more closely in the wake of last week's hullabaloo over mortgage credit, terms & rates.
So far, in just a few days, we have seen no new escrows begin, and two fail.
Quite possibly these are unrelated to the mortgage mess, but we'll discuss them anyway.
1409 Oak is the slickest 1,000-sq.-ft. home west of Sepulveda. The fact that it is
barely west of Sepulveda calls for a discount, and it's at $1.225m, a lot-sale price. Word is they accepted an offer at $1.250m. But that fell apart. If you're up for Oak living and $1,200/sq. ft., this is your place.
217 9th is new construction on a corner-lot/half-lot between Manhattan Ave. and Highland (at Bayview) right near downtown. The house is modernist and has some appealing features. It has also been on the market for 418 days (including pre-construction phase). A correspondent reports:
It borders parking lots, a teardown rental and the alley behind Sidedoor bar/900 Club.
What? A location downtown with issues?The sellers are quite firm, however. They began at $3.250m and increased to $3.350m on July 16, 2007. We're told they dropped in this language
(which we don't see now):Seller will not take less than asking price. Right now is a great time to write an offer!
Instead, we read this:
This is a very unique and special property with state-of-the-art green construction is over loaded with fabulous amenities. Buyer has to understand the extra value of construction cost and less deferred maintenance in the future and the longevity of this Eco-Conscious home.
Hey, we're all for eco-conscious, but aren't you
dis-inviting offers with this sort of lecturing?
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 1:15am 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.