New construction at 1817 Oak (5br/6ba, 3120 sqft.) has now completely smashed the prior record for prices on the street.
Oak ordinarily sees lower values because the street is the first block in off of Sepulveda. But sales activity on the street has been busy and values have reached new highs up and down the block.
The sale price on this bold, undersized and slightly different new construction was $2.699M.
You could note that the sale is $300K under asking, exactly 10%, but that's not the story.
The highest price ever for any home on Oak came 11 months ago at 1720 Oak (4br/4ba, 3470 sqft.), a spectacular remodel on the "wrong" side – backing up to commercial.
The sale price in October 2014: $2.227M. In that case, they got a ton more than the asking…