Take a half lot in sight of downtown and featuring plenty of traffic... what's that worth?
In the case of 209 15th, the answer is $2.401M.
That's a $102K overbid over the list price of $2.299M.
We went looking for comps. Uh-oh, the market seems to have found a way to carve out a new category-specific high with this sale.
Half lot, west of Highland: $2.4M.
The smallish, 2-story house here (3br/2ba, 1275) is dated and you have to say the bulk of the value is in the land, all 1345 sqft. of that plot.
We can't find a like sale that's even close. $1.7? $1.9? $2.1? Nothing.
There is one very big number from last year that arguably beats the sale at 209 15th: 2401 Manhattan Ave. has a walkstreet frontage and the feel of a 100-block house, albeit with one…