It has been about 6 weeks since there was a sale in the Hill Section, but this week we saw 2.
First was a new listing, priced at land value, at 943 9th
(just west of Dianthus). A flat and dated yet "very livable" home (listing)
was offered on a 7500 sq. ft. lot for $1.6m
. With some lot sales in the area going for much more (872 8th
, somewhat larger, sold off the MLS for $3m), that must have looked like a bargain. It lasted 3 days.
Second was a home just down the street at 916 9th (pictured),
which we've featured at MBC several times because we unabashedly liked it. (See our first story, "A Modest +50% in the Hills
.") This one began last year at $3.275m and worked its way down to $2.895m
this year, after some holiday time off the MLS.
The sellers paid a hair less than $2m in Nov. 2003, so they'll walk with a nice profit. Equally important, someone's getting a great home out of the deal. Our best to both sides.