They did it.
Sellers of a new construction home along Rosecrans have destryed the top price ever received for a home on the street abutting the refinery.
The home is at 908 Rosecrans (6br/6ba, 4112 sqft.), on a large lot (almost 6000 sqft.).
When we wrote about it in mid-September last year, we called it the "Biggest Bet Yet on Rosecrans:"
It's a big, bold new home that is surely the most ambitious ever conceived on Rosecrans in the Tree Section.
They launched at an incredible $4.995M in August, but had quickly descended to $4.199M by early October.
The home sat in "active" status at that price for the next 3 months, but now, all of a sudden, has closed for $3.900M.
(It never showed as pending on the MLS.)
Here's how $3.900M stacks up against prior top sales along Rosecrans in the Tree Section:
716 Rosecrans (3br/2ba, 1500 sqft., 5162 sqft. lot) - $2.350M (Aug. 2022)
508 Rosecrans (4br/3ba, 3013 sqft., 3005 sqft. lot) - $2.340M (Oct. 2020)
940 Rosecrans (5br/4ba, 3239 sqft., 5975 sqft. lot) - $2.260M (May 2021)
652 Rosecrans (6br/6ba, 4730 sqft., 7300 sqft. lot) - $2.200M (Sept. 2016)
So, sure, the developers had to trim $1.1M from the ask.
But they've now redefined what's possible on Rosecrans, and pocketed a pretty penny as well. They did get the lot for just $1.250M in early 2020.
To see a bit more about the house and more photos, do check out our first "big bet" post.
Watch out, little cottages on Rosecrans. You could be next!
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 April 28th, 2024 at 4:50pm 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.
