Two Hill Section listings near $4m reflect very different views of price appreciation since 2004.
Both homes are marked up, of course, one by 25% and one by 64% over the prices paid by the current owners in 2004.
- 637 6th St. is almost new (2004), a corner lot Italianate mansion, 5br + 6ba (including partials) and…
Two Hill Section listings near $4m reflect very different views of price appreciation since 2004.
Both homes are marked up, of course, one by 25% and one by 64% over the prices paid by the current owners in 2004.
- 637 6th St. is almost new (2004), a corner lot Italianate mansion, 5br + 6ba (including partials) and 4387 sq. ft., on a 4970 sq. ft. lot with big views. The current owners paid $3.125m in Nov. 2004. List price: $3,899,500 (+25%).
- 869 3rd St. is a very clean, modern 4br/4ba home with 4136 sq. ft., on a 5720 sq. ft. lot with good yard/outdoor space and views. Built in 2000. The current owners paid $2,437,500 in May 2004. List price: $3,995,000 (+64%).
The homes will be compared by buyers first and foremost because they're so close in price.
6th St. is obviously newer, a bit larger and more voluptuous, and it appears to have the better views. 3rd St. is no slouch, with the yard being a big plus.
In 2004, 6th St. was valued at 28%
above 3rd St. Today,
3rd St. asks more than 6th.
The turnaround appears to result from the sellers' different takes today on appreciation since 2004.
The wilder, more bullish view is held by the sellers of 3rd St. And that home is, according to the listing, currently owned by two licensed California realtors.
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 December 13th, 2024 at 6:52am PST. 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.
