Maybe we're not charging enough for our house, thought the sellers to themselves... Time for a price increase.
We've seen that around here from time to time.
Is that the case at 516 Marine?
Not really, but there was just a big price jump: From $2.600M asking to $3.699M. That's basically $1.1M (+42%).
They were already asking a pretty princely sum for the original 3br/2ba, 1600 sqft. house. (The 1960 build has some nice updates inside, but more can be done with this nearly 3000 sqft. lot.)
Comps for the property as-is seem to hover in the $2.2-2.3M range, but they were asking $2.6M.
The markup was surely partly about turning a quick-flip profit on a recent acquisition. The property sold just this past March for $2.150M, after some on-and-off NOD…