tree section

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We have started to see the cost of a 3BR home in the Tree Section rise along with the rest of the market.

As land values creep into the $1.3-$1.7M range (or higher!), depending on lot size and location, you can really put a pretty penny into buying an actual, habitable house on one of those plots.

Here we take a look at the distribution of sales prices for 3BR homes in the Tree Section, and how the mix of prices paid has shifted far to the upper end. Our first chart compares just 2 years, 2010 (full year) and 2014 (year to date).

So here you see that in 2010, a 3BR house in the Trees was pretty likely to trade under $1.2M. Fully two-thirds of the sales that year were in those 2 lowest tiers.

Fast forward to the current moment, and in almost 7 months…

Last week, we had a good reception for our little "Secret Room" video drawn from a special feature at 3300 Poinsettia (Dave's listing). That one racked up 750 views quickly, quite a lot for a real estate video.

This reminded us that the whole 5br/5ba, 3430 sq. ft. home has a lot going for it – not just the secret room – so we've gone a step further with a full video tour.

We've got that video tour below, as well as a chance for you to revisit a 3-minute tour through the Napa Farmhouse listing on a rare, prime double lot at 743 29th St. (5br/3 full baths, 2 half baths). (That video's near 2,000 views now.)

Enjoy this unique, finely crafted property – again. (For more, see "The Wonder of 743 29th.")

If you like the first video, consider this: 3300…

Sometimes you find yourself asking: Where'd the money go?

The last time the corner-lot home at 742 33rd sold, back in 2011, that was a pretty ripe (and sad) question.

But let's try to capture the whole history up till today.

742 33rd (5br/6ba, 3975 sq. ft.) first traded new at $2.700 in Summer 2008.

Now, that was already a big disappointment to the spec builders, who had put it out at $3.295M in Summer 2007. The market went wobbly and they did not get their projected number – instead, at $2.700M, it came in 18% low.

But after that purchase, the (financial) world collapsed, and property values – even in MB – plummeted.

So when 742 33rd came back to market about 2 years later, chunks of equity in the home had vanished.

It eventually sold in Feb. 2011…

It seems sometimes, even in larger houses, the kids get shortchanged.

Bedrooms barely big enough for a bunk. Sharing a bathroom with your stupid brother(s)/sister(s). Keep out of the living room.

And then there are homes that have something special for the kids.

Our listing at 3300 Poinsettia has something like that. It's got a nice yard.

But it's also got a secret.

For more, see our fun, 1-minute video below or by using this link.