This can't be a real shock, because we already knew 2200 John (4br/4ba, 3800 sq. ft.) was going far over asking price.
Its start price of $2.499M was, at best, a mirage, and at worst, a waste of lots of people's time.
They drew their multiple offers, and up went the number.
Now the sale has closed at …
This can't be a real shock, because we already knew 2200 John (4br/4ba, 3800 sq. ft.) was going far over asking price.
Its start price of $2.499M was, at best, a mirage, and at worst, a waste of lots of people's time.
They drew their multiple offers, and up went the number.
Now the sale has closed at $2.875M.
That's definitely in the range we had projected at the outset, in advising clients who took a fancy to the home – including a party who did jump in.
That $2.875M was almost the very highest we could imagine for the home. But not quite "crazy."
As we noted in a prior post, the recent comps include two Cape Cods within a couple of blocks, which are a little bit more in demand style-wise than this custom Craftsman-style home with a 1994 build date.
Those include 2301 Laurel (5br/5ba, 3400 sq. ft.) (pictured), which sold recently for $2.850M and 1813 John (4br/5ba, 3550 sq. ft.), first listed at $2.999 and drawing multiple bids – the posted closed sale price there was $2.999M as well.
Lot size matters: The lot at 2200 John was notably the largest of the bunch at 5700 sq. ft., and also had the benefit of undergrounded utility poles, a rarity even on treasured John St. 1813 John was smaller by a bit at 5080 sq. ft. The lot at 2301 Laurel is a typical 4800 sq. ft., though with the plus of being on a sunny corner.
For more on other sales along John the past couple of years, see "Another John St. Bidding War," from MBC here in mid-June.
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Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2024 at 7:55pm 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.