Further evidence is now in – just in case it was needed – to show that 2006-08 prices are but a memory, and MB is probably somewhere around 2005 or 2004 prices now, depending.
New on market, and priced below acquisition to begin, is 501 4th (5br/5b, 4100 sq. ft.) down in the quiet South End, a corner lot nestled…
Further evidence is now in – just in case it was needed – to show that 2006-08 prices are but a memory, and MB is probably somewhere around 2005 or 2004 prices now, depending.
New on market, and priced below acquisition to begin, is
501 4th (5br/5b, 4100 sq. ft.) down in the quiet South End, a corner lot nestled against sleepy Ingleside.
The home is newer (2005 build) with big bedrooms, nice outdoor spaces and a bright kitchen. That increasingly common must-have feature, an elevator, is part of the deal, too.
Purchase price in June 2006:
$2.750m, before the owners did some additional customization. Start price now:
$2.599m, and a pretty amazing $640/PSF.
881 10th (5br/6ba, 4000 sq. ft.) is a big custom home labeled "French" in style, due in part to the distinctive turret entry. Great kitchen and study.
The corner location on Poinsettia – non-ocean-view side of the Hill – and lack of a real yard are proving to be part of the challenge for this property. One open-house visitor reported back that the home seemed cramped simply from being over-furnished.
Sellers paid
$2.8m new in April 2006 and started at
$2.889m early last month. Now at
$2.699m.
Meanwhile, over in the Trees,
636 29th (4br/4ba, 3250 sq. ft.) has been priced below its Sept. 2005 acquisition price (
$1.890m) since it launched in February. (It was mentioned in "
Not Worth Their '05 Prices?") With a new cut, it's now down to
$1.699m.
Those are just 3 listings down $100k-$200k from their late-2005/early-2006 prices. Now where will they settle?
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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.
Based on information from California Regional Multiple Listing Service, Inc. as of March 19th, 2024 at 6:15am 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.