The election's over, the year's ending, and you'll start to see some would-be sellers who mean to sell actually
showing that they mean to sell.
One case in point is a Hill Section listing into its 6th month now.
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| 1034 Duncan
|
1034 Duncan Place (5br/4ba, 3150 sq. ft.) is a 2000-built home with a 90s feel, though…
The election's over, the year's ending, and you'll start to see some would-be sellers who mean to sell actually
showing that they mean to sell.
One case in point is a Hill Section listing into its 6th month now.
|
| 1034 Duncan |
1034 Duncan Place (5br/4ba, 3150 sq. ft.) is a 2000-built home with a 90s feel, though it has been refreshed and updated and is sharp in places.
They launched this one in June, amid all the chatter about an upswinging market, at
$2.4m.
It has tumbled since.
As of Thursday, they're asking
$1.849m (-$551k/-23%). It gets ocean peeks, and maybe you'd say views, from a couple of spots, including the rear balcony. The home has an upside-down layout with living spaces up top, to feature those views.
Worth noting: The listing calls these "fantastic ocean views," and they've slated a sunset brokers' open for Friday 4-6pm to show them off. We're saying "peeks." They're saying "fantastic" views. Well, you say tomato...
Whatever the home's appeal or views, the location along Duncan Place – an alley – isn't helping.
Now, here, the cuts aren't just about the fact that the selling season is all but over now for 3 months. (Slight overstatement.) The sellers seem to need this deal to move on another property.
That's motivation x 2.
Can they pull it off with a sub-$2m price?
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| 1027 Boundary |
Substantial cuts on Hill Section alley properties... that reminded us of
1027 Boundary Place (4br/4ba, 3250 sq. ft.), a reasonably large, quirky, old-world European-inspired home that sold in September for
$1.475m (-$174k/-11% from start).Interesting contrast here – very similar interior square footage to 1034 Duncan Place, but a much less updated or straightforward house.
But Boundary had clearly better views, and a price nearly $400k lower.
No way 1034 Duncan drops near $1.5m, right?
The last trade was in April 2003 at
$1.3m.
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Note: We could not link to 1034 Duncan via Redfin, despite a few attempted workarounds. Our old link didn't work. That's why we linked to the property promo website instead.
If you haven't noticed (you probably have), Redfin's been messing with success and degrading their information and user experience with purported "upgrades." Sad to say.
Update: Here's a
working Redfin link. Whatever the hiccup was, it's fixed.
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 December 9th, 2023 at 3:00am PST. 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.
