There's more data coming in on Sand Section lot values.
South of the pier, two neighboring lots were offered for a time together – one big $10 million plot of 5400 sqft. total.
It didn't work, so the lots wound up being sold separately.
The newest closing is at 229 4th St.
Asking $5.000M for a while,…
There's more data coming in on Sand Section lot values.
South of the pier, two neighboring lots were offered for a time together – one big $10 million plot of 5400 sqft. total.
It didn't work, so the lots wound up being sold separately.
The newest closing is at 229 4th St.
Asking $5.000M for a while, it's now a done deal at $4.800M.
It was just back in mid-August that the neighbor sold.
235 4th closed for $3.850M.
Both sales say a lot about dirt values... One at $1,425/PSF for the land alone, and one at $1,777/PSF for dirt.
Way back in May this year, while both lots were on the public market seeking buyers, MBC posed the question:
Is it worth $1M more to be one door west off of Highland?
And the answer turns out to be, basically, yes. Or at least it's yes to $950K more.
Now, both of these lots are up high off of Manhattan Ave. But there's one sale on Manhattan Ave. that will also be worth watching as it comes in.
That's 501 Manhattan Ave.
We took note recently as this one moved from a pie-in-the-sky list price of $7.000M, trickling down to its third agent and making its first series of real price cuts. (See "Down 22% and Counting.")
In that post, 501 Manhattan was still listed in the mid-5's, but the downtrend kept going.
Last list price was $4.999M, a price cut that was followed just 10 days later by a signature on the bottom line on an offer.
It's worth more than a lot on Highland, but still impacted by traffic on Manhattan. Where would you bet it winds up?
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 18th, 2024 at 7:10pm 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.