After layoffs of varying lengths, 2 listings have returned to the Hill Section. One's way down from the price we last spied it at, and one has bumped up.
Down since our last count is
801 11th (3br/3ba, 3050 sq. ft.), a newer (2004) custom home in a compromised location. (The home runs along somewhat busy Pacific…
After layoffs of varying lengths, 2 listings have returned to the Hill Section. One's way down from the price we last spied it at, and one has bumped up.
Down since our last count is
801 11th (3br/3ba, 3050 sq. ft.), a newer (2004) custom home in a compromised location. (The home runs along somewhat busy Pacific and backs up to a commercial property. It's perhaps 50 yards from MBB.)
801 11th was offered from May-August 2006 at $2.495m, and again from June-August 2007 for $1.995m. (See "
Figuring Out a Location Discount" from June 2007.)
The home last hit the MBC radar in August 2009 in "
More on 'Foreclosures' in MB, Pt. II," when we noted that it had faced a possible trustee's sale earlier that month.
11th is back now as a short sale at
$1.6m, a veritable steal for a fairly large Hill Section house.
The loans are a tangled web, hard to follow, but the important point is that 11th is touted as an
approved short sale at that price. Shorties are notoriously difficult to pin down, but that word "approved" is magical, if true.
906 9th is a completely different story.
It's a big (6br/6ba, 5400 sq. ft.), new home that has drawn some serious raves from MBC readers.
The original listing kicked off in February 2009 at $4.8m. That was after a pre-completion deal fell through.
As you will recall, 2009 was harsh for high-priced new construction, including Hill Section offerings. Perhaps the deal of the year for 2009 was
218 N. Dianthus (4br/4ba, 6100 sq. ft.), which sold for
$3.920m in July 2009,
down $2.8m from its start.
906 9th always lingered somewhat above that $4m threshold, running nearly a full year, with cuts down to $4.2m before it quit in mid-January.
After it quit, the home's been held open, but kept off the MLS, for several weeks before re-debuting late last week at
$4.695m.
Yes, that's nearly $500k higher than the price on the same property earlier this year.
It's a beaut with city views and lots to recommend it. But have buyers really missed out on the chance to get it closer to $4m? Time will tell.
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 April 1st, 2023 at 4:00am 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.
