We have results now from a sale on a home that was the subject of a prior MBC pricing poll.
At the time we featured 742 27th (see our story from late January), it was already pushing 4 months on market and had been marked down $300k (-12%) from its start at $2.4m.
The listing lingered for another month or so after…
We have results now from a sale on a home that was the subject of a prior MBC pricing poll.
At the time we featured
742 27th (see our
story from late January), it was already pushing 4 months on market and had been marked down $300k
(-12%) from its start at
$2.4m.
The listing lingered for another month or so after that, dropped to
$1.999m, and then went into escrow twice (one apparently failed).
The final price, closing last Friday: $2.075m, actually higher than the list at the time. (Someone pulled a rabbit out of their hat.) That closed price was only $25k below the price at the time of our poll.
Most of our poll respondents were much more downbeat about the home's pricing prospects – just
16% guessed right, that the home would sell within 5% of its adjusted $2.1m list price. (Click for the
story on the poll results.) The bulk of voters thought it would wind up between $1.75m-$2.0m.
We'll remind you that MBC liked
742 27th quite a bit. It's a spacious and classy home in a quiet Tree Section location with a nicely integrated Great Room/Back Yard combo and terrific upstairs bedrooms. The sellers had upgraded the home inside so completely that it befitted comparisons to new construction in the area, in our view, though several readers disagreed, citing low ceilings and the exterior as the main beefs.
In comments on the first story, we also saw a baffling controversy emerge over whether the back yard fence was somehow violating the property line. (It wasn't.) At the sellers' request
we addressed the issue directly after a survey confirmed there was no problem, and now thankfully (for all) we see that the confusion did not, apparently, cause much harm.
This is the first home that was the sole subject of a pricing poll to close. (Click the "label" of "pricing polls" in the left-side column for all of the stories to date.) The others still on the market are:
We'll gear up for another poll soon.
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 December 9th, 2023 at 4:30am PST. 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.
