Peter Brady Sells, But His Old Home Won't Go

By Dave Fratello September 5th, 2007.

TV's Peter Brady, a.k.a. Christopher Knight, made the news this weekend for selling his South End townhome (512 Highland).

He got the $1.689m he sought, with a reported 1 DOM, using Catalist, no less. (The discounters!?!) He's reportedly moving on (with "Top Model" wifey) to "a larger home with ocean views ... elsewhere in the South Bay."

A few years back, Mr. Knight (okay, Peter) lived in the Tree Section, but he unloaded 737 36th for $1.15m to make the move down to the beach. The folks who took it off his hands sold it again in March 2005 for $1.23m.

About 18 months later, the folks who bought 36th tested the market. In Fall 2006, they asked $1.795m (+$565k) for their hot property. There was no mention of remodeling, so we have to assume the home remains more or less as Peter delivered it.

No takers. The owners took a break.

They began trying again this Spring, on May 17, at $1.785m. Today, after 110 DOM on the newer listing, they're down to $1.645m. That's still a big markup (+$415k/+34%), but they're starting to look less crazy. Slightly.

The nearest competitor is 2622 Pacific at $1.599m, similar size but with issues on both location and curb. 36th is kind of nice on those scores, if you like the Southwestern/adobe look. Alas, Pacific is $180k over a nearby comp sale, and therefore hardly a good barometer.

Who knows the motivations over at 36th these days. But maybe they could learn a thing or two from Peter Brady, who seems to get things done.


UPDATE: Sale date information was corrected.

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