With a new cut Monday morning, the double-lot at 2900 Maple looks like the best deal on dirt in MB.
The bucks are still many – $1.749m to be exact – but that will net you dirt equivalent to 2 full-size lots (2 x 4640 sq. ft.) with an aging rancher on the property. (The pool looks inviting this week.)
A local spec…
With a new cut Monday morning, the double-lot at
2900 Maple looks like the best deal on dirt in MB.
The bucks are still many –
$1.749m to be exact – but that will net you dirt equivalent to 2 full-size lots (2 x 4640 sq. ft.) with an aging rancher on the property. (The pool looks inviting this week.)
A local spec builder grabbed 2900 Maple for
$2.555m in Feb. 2007, clearly intending to split the lot for 2 new cookie cutters. (Price paid was equal to $1.277m per lot after a split.)
Now, 2 years later, the new price is
a drop of $806k (-32%) from that height. No wonder, then, that this is now posted as a short sale.
The most recent, comparable lot transaction we saw in the Trees was at
1900 Laurel, a plus location offering a larger-than-normal 6000 sq. ft. lot and a corner. That went for
$1.25m in January. Also,
1205 Walnut, a 1.5-size lot (6700 sq. ft.) too close to MBB, closed for
$985k in late March.
2900 Maple is north of Valley but otherwise counts as a decent location, midblock on a quiet street. With a couple more slices off the $1.7m range, it might even be a nice acquisition as a fixer. Imagine a sensibly sized home (3br/3ba, 2250 sq. ft.) with more than enough back yard – that's rare in the Trees after all the redevelopment of the past decade.
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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 6:40am 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.