The newest closed sale in the Tree Section isn't the highest sale of the (young) year, nor the highest by PPSF.
New construction at 569 33rd (6br/5ba, 3650 sqft.) just closed for $3.795M.
It is, however, the biggest price ever paid for a comparable Tree Section home outside of the Martyrs area.
To refine…
The newest closed sale in the Tree Section isn't the highest sale of the (young) year, nor the highest by PPSF.
New construction at 569 33rd (6br/5ba, 3650 sqft.) just closed for $3.795M.
It is, however, the biggest price ever paid for a comparable Tree Section home outside of the Martyrs area.
To refine that... it's the biggest price ever paid for a home that is of conventional size – no basement, or huge extra square footage afforded by building on a much larger lot. As a practical matter, than means home sizes of 3000-3650 sqft.
The prior record for Tree Section homes under 4000 sqft. was last year's off-market resale at 594 33rd ($3.649M).
The new 33rd St. sale was 4% and $150K higher.
Very close behind both is another sale from this year: 3101 Maple (5br/5ba, 3200 sqft.) at $3.500M. It was new construction sold midway during the build, closing in January this year.
In some ways, Maple was the more remarkable sale, based on both location (east of Pacific) and square footage (450 sqft. smaller than the newest closing).
3101 Maple quite nearly hit $1,100/PSF.
569 33rd was at "only" $1,040/PSF.
And if you're wondering what the data say for context, here's something interesting.
Among all Tree Section homes outside the Martyrs area over 3000 sqft., the three properties mentioned here are the only three sales ever to exceed $1,000/PSF.
At this time, none of the new or newer non-Martyrs area Tree Section homes on the market are even asking $1,000/PSF. The high currently is 2409 N. Poinsettia (4br/5ba, 3560 sqft.) at $3.499M and $983/PSF.
UPDATE: Within hours of this post going up online, 2409 Poinsettia cut $300K to $3.199M, and is now at $899/PSF.
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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 April 1st, 2023 at 3:30am 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.
