A Pair of $2m Dropouts

Posted by Dave Fratello on Tuesday, November 3rd, 2009 at 8:02pm.

The Summer and Fall markets weren't ready for two unique $2m+ beauties in the Trees, so they're gone for now.

MBC once called 1706 Pacific "probably our favorite current offering in the Trees."

The 90s-vintage, Spanish-style home had been updated to reflect current tastes in baths and kitchens. (That's 1990s, by the way.)

The extra-deep lot on Pacific (7150 sq. ft.) was a nice bonus, and the sizable home (5br/4ba, 4650 sq. ft.) offered more than enough for most families.

The price never varied from $2.495m over 3+ months.

1811 Agnes (4br/3ba, 3425 sq. ft.) is on perhaps the most isolated street in the Trees, with the home opening down a hill into a European-style courtyard. You just don't see that much. As MBC said in a July market update:
[T]he old world stylings – mostly from a mid-90s remodel – are more serious here than in a hundred newfangled homes that claim an Italian or French style. The charms are clear, though perhaps not for everyone.
The listing began at $2.295m, never changed, never opened to the public and canceled after 105 DOM.

Both Pacific and Agnes recently canceled. Perhaps buyers will get another crack at them after the Super Bowl.

Also dropping out in the same price range: 952 11th (5br/5ba, 5100 sq. ft.) in the Hills, asking quite a bit more than its 2004 acquisition price of $2.150m this year, up at $2.696m. The price never changed. No one saw the rush, and it's gone after 130 DOM.
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