It was a good long weekend for 2 high-dollar listings in MB, as they made deals and went into "backup offer" status. That means they've both accepted offers, but might want others to take an interest – just in case.
Both listings seemed to debut quite high for what they were, back 3-4 months ago. There are 2 ways…
It was a good long weekend for 2 high-dollar listings in MB, as they made deals and went into "backup offer" status. That means they've both accepted offers, but might want others to take an interest – just in case.
Both listings seemed to debut quite high for what they were, back 3-4 months ago. There are 2 ways to make a sale when you've done that: Wait. And cut.
If you've been sitting on the sidelines watching 810 1st (5br/5ba, 4850 sq. ft.), you've waited too long.
This big 80s original debuted last August, canceled for the holiday season and just returned to market last week. Boom! They've got their deal.
Welcoming this one back to market only last week, MBC said:
The issue here is that absolutely everything needs a 21st-century update. That takes vision and will take some cash. At the end, we see potential for a terrific house, but you've got to buy it at the right price.
810 1st began last year at $3.950M and came back last week at $3.577M, or 9% off the start.
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1402 Manhattan Ave. |
Quite different is 1402 Manhattan Ave. (3br/4ba, 2400 sq. ft.) is a new, modern TH in the thick of downtown.
We've made a couple of references to the home's "Strand-like PPSF," which was $1,125/PSF with the price at $2.699M.
We've called it a "showpiece," "all high-style, spare and modern, with layer upon layer of extra detail added in."
But we also noted that the start price at $2.799M was "ceiling-pushing" for a townhome, and the one cut to $2.699M wasn't much of a chop.
Maybe they were closer to the right number out of the gates that we had fathomed? Time will tell. If this new deal sticks, we'll see where it settles out.
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 March 18th, 2024 at 8:10pm 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.