Monday, March 24, 2008

Paul Zahler index?

This 4 bed / 3.5 bath house at 238 17th St., asking $2,700K, may have a greater use. Or not. First, its description:

"Tradtional home w/4BD, 3.5BA in prime north of Montana location. Features include living room w/beamed ceilings & fireplace, spacious dining room & recessed lighting. 3BD up & 1BD down. Bright master suite w/hi ceilings & walk-in closet. Extra-large kitchen & family room opens to private backyard w/pool. Detached 2-car garage...."

Developer Paul Zahler built a number of houses very similar to this in the latter 1980s. I've been wondering if their similar age and size could make them useful to create an index to supplement my lot-value index. They're quite recognizable, and I looked up the ones on 9th, 10th, 12th, and Euclid, as well as 507 Euclid. Here they are, in order of last sale date.

Address   Last Sale  Price  Bed/Bath  SF  Built

718 12th 9/24/87 $820K 4/3 3,214 1987
618 Euclid 1/8/88 $1,070K 4/4 3,858 1988
238 17th 1/13/89 $1,430K 4/3.5 2,970 1988
507 Euclid 9/18/97 $1,595K ?/3 3,955 1986
309 9th 7/27/05 $2,550K 3/3 2,862 1986
437 12th 11/28/06 $3,241K 4/4 3,322 n/a

Turns out (1) their sizes vary too much, (2) there aren't enough, and (3) some have been updated, so they're interesting data points but not a full index.

20 comments:

Anonymous said...

Are there not enough teardowns to use as a guideline?

Anonymous said...

From that intro, I thought you were going to say this home could also be used as a place of worship. What's with those windows?

Anonymous said...

Are you saying this house is overpriced? Its pretty close to Montana and not quite right as the last comment states. What's it worth?

I really have a bunch of houses in the area that I'd like to discuss. Which we had a way to do that!

Rico said...

Hello, Westside Bubble:

More grist for your real estate photography mill at 2009 Fairburn in Westwood. Please take your dramamine before looking.

sillicat said...

that is one ugly house, no style whatsoever. is it now a teardown (i hope)?

Anonymous said...

Was Paul Zahler the Cecil Gale of the 80's???? Wow, the style looks ripe as tear down material....very dated....whats the allure of Paul Zahler?

Anonymous said...

Having nothing to do with your post, but not sure how to contact you, so I'm leaving this comment: Check out the TRAILER for sale at 24 Aloha #24. MLS 08-250187. Is this a JOKE? Over a million $ for a trailer?!

Westside Bubble said...

Are there not enough teardowns to use as a guideline?

This is not a teardown (despite its looks, Sillicat!).

Are you saying this house is overpriced? Its pretty close to Montana and not quite right as the last comment states. What's it worth?

I think it's actually priced pretty accurately. And it's not very close to Montana.

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