Good news for the South End walkstreets – the first new home to hit the open market in a long time has found a buyer within 2 months.
440 6th (6br/6ba, 4200 sq. ft.), a new Cape Cod on a corner lot at Ingleside, has a lot to love. (Listing can still be viewed while in "backup offer" status.)
Just quickly recap what…
Good news for the South End walkstreets – the first new home to hit the open market in a long time has found a buyer within 2 months.
440 6th (6br/6ba, 4200 sq. ft.), a new Cape Cod on a corner lot at Ingleside, has a lot to love.
(Listing can still be viewed while in "backup offer" status.) Just quickly recap what we've got here:
Good stuff. The home itself is dandy as well.
What's missing? An ocean view, we suppose, but there's nothing like the family lifestyle of the flat walkstreets on most downhill, ocean-view blocks west of Highland. (Where the last comparable sale was newbie
224 7th at
$4.9m in late April – see "
Recent Closings.")
The listing for 6th never varied from its start price at
$4.495m. We're hearing that the (contingent) offer in hand is less than full price, but not a big discount, either.
Recall that this one was not a spec home per se, but rather a planned custom build that the owners switched gears on midstream and decided to sell. They picked up the lot for
$2.050m in Oct. 2007, bidding over the list price of
$1.899m. (See "
MB Market Update for 9/15/07.")
For would-be buyers of 440 6th – there were plenty kicking the tires – today's news may not be the end. A contingent deal in 2009 is hardly a sure thing. This one depends on the sale of a property outside the area (Northern California).
The buyer interest and apparent deal should be good news, also, for two other yet-to-be-developed newbies down south at
412 8th and
416 8th. These 2 lots were once slated to be built out with a single mega-home (see "
2 Are Better Than 1" and "
No Mega-Home on Flat Walkstreet").
Now, they'd better get those homes built while
$3.95m looks reasonable.
Please see our blog disclaimer.
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 29th, 2023 at 3:00am 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.
