That was quick.
Just 10 days ago, we pointed out that the median PPSF for the Tree Section
this year is $584/PSF
, with the low for Q1-Q3 2011 being $415/PSF
at 700 13th
(7br/5ba, 3100 sq. ft.).
Now a new low for the Trees for the year has been set, another 9% below the last low.
That came at 1908 Elm
(4br/3ba, 3520 sq. ft.), a mid-1980s build that had been somewhat refreshed recently.
The recent sale at $1.330m
of this very large home wound up with a PPSF of $378/PSF
1908 Elm had a somewhat tough time in 2 listings over the past couple of years.
The home made it onto an MBC list in July 2010 as one a few "ugly ducklings
." (Face it, it was.) It ran 4 months from $1.590m down to $1.499m, then quit.
Coming back this year, after that refresher, it was up again at $1.590m. It took time – more than 7 months on this listing – to drive it down another 16%. But that made the deal.
Speaking of sub-$400 prices by the foot, we never got around to mentioning the Hill Section's low for who-knows-how-long, 707 Anderson
(5br/4ba, 3800 sq. ft.).
When that big early-90s Spanish closed up at $1.500m
a month ago, it carved out an amazing $395/PSF
Turns out, that was just a down payment. The home will be thoroughly gutted and redone. But somewhere down the road, all-inclusive, Anderson will probably still wind up with one of the lowest costs by the foot in recent memory for the subregion of the Hills.