We've been waiting a while to see what
3120 Alma might fetch.
You may recall that this is a larger-than-normal, 3500-sq.-ft-. corner lot with ocean views. (See our late-May review.) The little 1920s Spanish on site really has no chance of survival.
The listing launched at $1.495m, and,
wow, was $1.5m for dirt really…
We've been waiting a while to see what
3120 Alma might fetch.
You may recall that this is a larger-than-normal, 3500-sq.-ft-. corner lot with ocean views. (See our
late-May review.) The little 1920s Spanish on site really has no chance of survival.
The listing launched at $1.495m, and,
wow, was $1.5m for dirt really possible?
Possible on Alma, where, if you don't drive carefully, your rear-view mirrors might get knocked off by one "for sale" sign or another?
Oh, yes, 1.5 was possible.
Alma closed Tuesday for
$1.560m. Another overbid.
It's a very bullish sign for the neighborhood.
Look all around Alma, both sides, up at the crest of the hill with good ocean views on both sides of the street, and you see an amazing mishmash of properties. Some are ancient, some are newer, there are duplexes and THs, sharp moderns... little rhyme or reason on a long block of densely packed development.
But $1.5m+ for a lot tells you something about Alma's future. Adios to the old stuff. The money is coming.
-------------------------
Not an overbid, but an impressive sale on Alma:
2315 Alma (double lot) and adjoining
319 23rd Place (single lot) sold together 2 weeks ago. The combined asking prices approached $4.4m. In
this blog post, Dan O'Connor says multiple offers came in and the 3 lots were sold to one party.
The final, combined sale price:
$4.031m.
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 May 30th, 2023 at 10:47am 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.
