
MB's newest listing is also one of its most recent sales.
841 12th Ct. (click for details via Redfin) was snapped up in no time flat – 0 DOM – when it hit the radar July 9, priced at $950k.
It's a dated fixer with 3br/1ba and almost 1400 sq. ft. The lot is 5000 sq. ft., and that price was pretty much the dirt value.
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MB's newest listing is also one of its most recent sales.
841 12th Ct. (click for details via Redfin) was snapped up in no time flat –
0 DOM – when it hit the radar July 9, priced at
$950k.
It's a dated fixer with 3br/1ba and almost 1400 sq. ft. The lot is 5000 sq. ft., and that price was pretty much the dirt value.
That was then. It closed for that $950k asking price on Monday, and hit the market again on Wednesday. Now it's up at
$1.1m. Plenty of folks will still see that as a deal.
It's fairly common for developers to start work on plans, etc., and offer their recently acquired lots at a little markup just to see if they can spare themselves the trouble and still walk with a little profit.
Just last week, MBC ran a story about
1023 10th, technically in the Hill Section, that was an example. (See "
From the Fridge to Plans.") There, the new owner sought a bump of $165k. Later, the price on the listing shot up a bit to
$1.4m, for a prospective $200k bump in total, and then it canceled, so we don't know exactly what the plan is there.
As to 12th Ct., $150k in a few days is a nice payday if you can get it.
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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 April 1st, 2023 at 3:15am 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.