Tree Section neighbors and American Martyrs parishioners know
633 15th as the home of a neon Tommy Bahama Santa festival each year.
Over-the-top decorations, including a 6-foot dancing Santa and a slew of bright displays, overtook the double-lot home near the church each year, inviting many a drive-by peek over the…
Tree Section neighbors and American Martyrs parishioners know
633 15th as the home of a neon Tommy Bahama Santa festival each year.
Over-the-top decorations, including a 6-foot dancing Santa and a slew of bright displays, overtook the double-lot home near the church each year, inviting many a drive-by peek over the years.
You may note that's now written in the past tense.
We got an extra Christmas out of this Santa, but he's moving on.
Almost 17 months after first seeking $5.495m for the home (in May 2008), the sellers have closed a deal for
$3.550m (-$1.945m/-35% from start).That's a big chop from an overly ambitious beginning, quite nearly $2m. It's also well below the last list price ($4.295m) – the buyers took an
extra $745k (-17%) off when getting Santa to say "yes."
Back in February, MBC noted that the home appeared to be
approaching lot value as it hit $4.295m. In "
Big Lot or Big House?," we said then:
For the money, the build is not impressive. (Don't even get us started on the attached "guest house.") So it has lingered, and if it were to gradually near $4m, that could be lot value.
Nearby, on the ocean-view side of the hill on 15th, regular-size lots were worth almost exactly $2m in Summer 2006, when a few were purchased for spec development. (All successful in 2007-08.)
We'd still bet on 15th finding a buyer for the home as it stands, but, for now, it's the second-biggest lot in town on offer, and some visionary could swoop in with a very different idea of what belongs at this particular address.
A $3.55m sale price is probably still above lot value, but we're watching to see whether the property remains more or less as-is, or if the buyers are some "visionaries" after all.
Meantime, farewell to Santa – enjoy the milk and cookies.
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Based on information from California Regional Multiple Listing Service, Inc. as of March 19th, 2024 at 5:36am 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.