A mix of new and re-priced listings this week definitely contains some deals.
The question is: Which of the 5 listings we highlight below is the best priced of the bunch?
Please read the story below and vote in the poll. You may vote for 1 listing only. Please use the comments to explain your vote.
Poll closes Sunday…
A mix of new and re-priced listings this week definitely contains some deals.
The question is:
Which of the 5 listings we highlight below is the best priced of the bunch?Please read the story below and vote in the poll. You may vote for 1 listing only. Please use the comments to explain your vote.
Poll closes
Sunday night at 8pm, giving you a chance to see any of these homes that are open this weekend. (None, sadly, are on the Sophisticated Snoop tour.)
- 621 Valley (3br/2ba, 1050 sq. ft.) was tired and crusty back when it was offered in early 2005. Reflecting that, it was priced to move, and someone paid $1.0m in May 2005 to get it. (That was not considered a lot of money back then.)
A paint job, a little sprucing up here and there, new appliances, and you've got a polished version of an older house on Valley.
Bonus: Connection to the 7th St. walkstreet. Hidden downside: Two bedrooms up, one down with a separate outdoor entrance. Now offered at $1.199m.
- 3113 Maple (4br/4ba, 3200 sq. ft.) is a mid-90s build with some very cute touches, like the picket fence in the backyard with kids' playhouse and vine-covered back patio arbor. The charms could trigger an emotional reaction and make it a "must-have."
On the other hand, the location north of 31st isn't really "fabulous," and there is this bigger problem: New construction of comparable size is selling for less than the start price here of $1.849m.
Maple was acquired for $1.550m in Jan. 2004, so the sellers are thinking that a markup of $300k (+19%) doesn't sound so unreasonable 5 years later.
- 121 42nd is a small (2br/2ba, 1075 sq. ft.), shabby bungalow in El Porto, but it's priced like that, starting at $859k. It's a shortie, so you'll have to work that price out with a bank.
Shocking, but true: Not so long ago, in early 2005, this property sold quickly, above asking. Start price: $1.260m. A week later, sold for: $1.345m (March 2005).
A full-price sale now would drop the value -$485k/-36% over 4 years.
- 864 14th (3br/2ba, 1325 sq. ft.) is one of the snazziest little cottages in the Trees, with recent remodels that leave a nice kitchen, baths and a walk-in closet for the master (in a cottage!).
Lot is larger at 5,000 sq. ft. and the location is nice, provided you don't mind overlooking the soccer field below Pacific School.
This one begins at $1.125m, making it competitive with smaller 2404 Elm ($1.169m) and larger 1600 Elm ($1.339m) and 2613 Oak ($1.269m).
864 14th is also priced well below its July 2006 acquisition price of $1.417m. A full-price sale would put it down $292k/-21% over less than 3 years.
- 444 33rd Place offers a small home (2br/2ba, 900 sq. ft.) on a full lot (2700 sq. ft.) oriented wide along the alley instead of deep with an alley frontage. The listing has been around for 10 months, the first 6 spent above $1m.
Three months ago the listing cut to $959k and it's now at $889k. They're calling it the "Best Buy in sand section." One thing we know: It's a better buy now than in Oct. 2005, when someone paid $1.260m.
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 19th, 2024 at 3:45am 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.