It wasn't so very long ago that we saw a particular flat, South End walkstreet lot sell for a number that seemed a low point for the area for dirt in a good location.
The lot was then called 441 6th Place
, at the corner of 7th/Ingleside. It hosted a little home and garage with a noteworthy cactus garden between. The dirt sold in Jan. 2010 for $1.5m
Soon, an ambitious custom build was under way. The design was inspired by the "British Colonial" style that may be emerging as an alternative to "Cape Cod" and the various -erraneans.
The grandest execution of "British Colonial" – 212 The Strand
, the first and last triple-lot on MB's beachfront. (See "Big, Beautiful, Too Much?
At 441 6th, after all the searching for a perfect lot, and all the work building a custom, fully detailed-out house, the owners had a change in plans. They offered their product up to someone else who might love it.
It's been an open secret for months that the new home, newly rechristened 440 7th
, could be had. Now the sale has closed at $3.660m
The home's almost as big as they come on these standard size, 2700 sq. ft. lots: 4br/5ba, 4000 sq. ft. You expect high-end everything from this builder.
The sale's a significant jump from a new home sale last year, one short block away along Ingleside.
Last July, 440 6th
, a somewhat bigger new Cape Cod (6br/6ba, 4200 sq. ft.) sold for $3.275m
The bump for 440 7th is +$385k/+12%
for a custom home, better location, and a sale done quietly off-market rather than after a public, rocky year on-market with more than $1.2m in cuts. (See "Close the Books on 440 6th
It may be time for a bigger look at the South End walkstreets. About a year ago we looked at the sales activity in the area somewhat comprehensively in "Flat Walkstreet Action
." We'll put an update on the list.