An '07 Speckie Returns

By Dave Fratello | August 6th, 2010
A new Tree Section listing will be familiar to some longtime readers of MBC.

742 33rd (5br/5ba, 3975 sq. ft.) was new in 2007, and also in 2008 when it sold after 250+ DOM.

It was one of those spec homes that hit the market at the wrong time – late August 2007, in this case – priced too high, more in line with the project's initial ambitions than with the emerging post-bubble reality of the time.

33rd launched at $3.295m, and it's easy to look back now and say that was never going to happen.

It sold in June 2008 – 2-plus years ago – for $2.7m, down $595k (-18%) from its start.

The current owners hope to find a buyer at $2.449m or so, down $251k (-9%) from mid-2008.

Would it surprise you to see the home trade $1m or more below that late-2007 start? It's close already.

33rd will be up for public touring this weekend; we'll discuss it in more detail in our "Weekend Opens" feature.

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