Last year a very tasteful, custom Spanish remodel was completed at
517 1st. By October, it was on public offer at
$1.899m.
With a bold, single cut Friday, it's at
$1.599m, and looking very different as a result.
An essentially new, moderately sized (4br/2ba, 2550 sq. ft.) home in the South End, with a kid-friendly…
Last year a very tasteful, custom Spanish remodel was completed at
517 1st. By October, it was on public offer at
$1.899m.
With a bold, single cut Friday, it's at
$1.599m, and looking very different as a result.
An essentially new, moderately sized (4br/2ba, 2550 sq. ft.) home in the South End, with a kid-friendly bonus of being right near Robinson School's athletic fields, for $1.6m?
In context, that looks like a serious deal.
We would also note that the current owners bought 537 1st for $1.365m in July 2004, some years before undertaking the major rebuild. After costs of sale at $1.599m, it seems unlikely they'll recoup their costs of ownership and remodeling.
Look just up the block for a surprising contrast:
437 1st (4br/3ba, 2600 sq. ft.) sold for
$1.610m in June 2008. Though that mid-80s home was remodeled, MBC called it "jumbled" and "quirky." The home featured a peculiar layout and mostly standard-issue materials.
The main advantage 437 has over 517 is that the garage is accessed by the alley, whereas at 517 1st, the garage faces 1st St. Both homes share the location liability of 1st as a busy neighborhood through street.
In MBC's first mention of 517 1st last year, we pointed to the sale at 437 1st and said: "Now, a year later, you can get a home that's mostly new for not too much more."
Now you can get it for less.
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 19th, 2024 at 4:55am 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.