Peter Brady Sells, But His Old Home Won't GoPosted on Wednesday, September 5th, 2007 at 5:58am.
He got the $1.689m he sought, with a reported 1 DOM, using Catalist, no less. (The discounters!?!) He's reportedly moving on (with "Top Model" wifey) to "a larger home with ocean views ... elsewhere in the South Bay."
A few years back, Mr. Knight (okay, Peter) lived in the Tree Section, but he unloaded 737 36th for $1.15m to make the move down to the beach. The folks who took it off his hands sold it again in March 2005 for $1.23m.
About 18 months later, the folks who bought 36th tested the market. In Fall 2006, they asked $1.795m (+$565k) for their hot property. There was no mention of remodeling, so we have to assume the home remains more or less as Peter delivered it.
No takers. The owners took a break.
They began trying again this Spring, on May 17, at $1.785m. Today, after 110 DOM on the newer listing, they're down to $1.645m. That's still a big markup (+$415k/+34%), but they're starting to look less crazy. Slightly.
The nearest competitor is 2622 Pacific at $1.599m, similar size but with issues on both location and curb. 36th is kind of nice on those scores, if you like the Southwestern/adobe look. Alas, Pacific is $180k over a nearby comp sale, and therefore hardly a good barometer.
Who knows the motivations over at 36th these days. But maybe they could learn a thing or two from Peter Brady, who seems to get things done.
UPDATE: Sale date information was corrected.
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