Sunday, September 7, 2008

Gillette Regents Square low-end

With our three new Gillette Regents Square listings - and because some readers can't have enough of 90402! - let's look at its current low-end (< $3M) listings and sales history, the five blocks north of Montana from the east side of 17th Street to the west side of 21st Street.

Rather than the typical 50 x 150 foot lots on other blocks, these are an extra-wide 60 x 149 feet. Without back alleys and with narrower parkways they fit in another street, the reason for both 21st Street and 21st Place.

Typical smaller houses are the Cecil Gale-built Spanish houses from the 1930s similar to 231 18th Street, above (although I don't know if he built that one). A 6/7/07 commenter gave this history:

This tract was developed by none other than the world-renowned razor blade king, King C. Gillette. In 1910, Gillette decided to leave his company and invest all of his money into real estate. Originally, the Regent Square ran from 15th Street to 21st Place; but now the area is bounded by 17th street, 21st Place, and the five blocks between San Vicente and Montana.

I don't see much of any price trend in three years of sales data, either up or down. These three new listings are competitively priced and will be good indicators, especially if they don't sell fast.

Current Listings

534 19th St, 2 bed/2 bath, LP=$2,250K, LD=9/3/08
210 21st St, 2/3, $2,259K (-9%), 6/19/08
402 19th St, 2/2, $2,325K, 9/4/08
416 21st Place, 3/1.75, $2,375K, 9/4/08
733 19th St, 3/2.5, $2,595K (-4%), 5/15/08

Sold 2008

710 19th St, 3/2, LP=$2,295K (-8% from OLP), LD=3/10/08, SD=7/19/08, SP=$2,086K (-9% from LP)
327 21st St, 3/2, $2,395K, 6/12/08, 7/2/08, $2,300K (-4%)
231 18th St (photo), 3/1.75, $2,349K, 1/11/08, 2/8/08, $2,325K (-1%)
626 19th St, 4/3, $2,389K, 6/13/08, 8/15/08, $2,401K (+1%)
316 18th St, 3/1.75, $2,598K, 2/8/08, 3/28/08, $2,415K (-7%)
249 18th St, 3/1.75, $2,349K, 4/10/08, 5/28/08, $2,500K (+6%)
701 20th St, 3/3.5, $2,595K, 3/24/08, 5/20/08, $2,500K (-4%)
621 19th St, 3/2.5, $2,895K, 3/8/08, 6/9/08, $2,675K (-8%)
619 18th St, 4/4.5, $2,995K, 11/16/07, 1/17/08, $2,941K (-2%)
534 20th St, 3/2, $2,895K, 11/21/07, 1/10/08, $2,895K

Sold 2007

211 20th St, 2/1.75, $2,295K (-12%), 3/6/07, 5/31/07, $2,210K (-4%)
402 20th St, 3/3, $2,450K, 10/06, 2/14/07, $2,350K (-4%)
427 17th St, 4/2, $2,295K, 4/12/07, 5/23/07, $2,425K (+6%)
502 18th St, 3/3.5, $2,599K, 11/8/07, 12/14/07, $2,600K
238 19th St, 3/3.75, $2,795K (-7%), 7/6/06, 4/3/07, $2,600K (-7%)
515 21st St, 3/4.5, $2,795K (-7%), 6/06, 4/3/07, $2,725K (-3%)
615 20th St, 3/2, $2,698K, 4/25/07, 6/14/07, $2,892K (+7%)

Sold 2006

433 20th St, 3/2, $2,200K, na, 5/12/06, $2,280K (+4%)
322 21st St, 2/2, $2,295K, 6/06, 8/31/06, $2,395K (+4%)
256 18th St, 5/3, $2,695K, na, 5/1/06, $2,400K (-11%)
534 20th St, 3/2, $2,748K, 9/06, 12/13/06, $2,626K (-4%)
621 20th St, 3/2.75, $2,795K, 4/06, 6/7/06, $2,790K
470 20th St, 4/3.5, $2,948K, 6/06, 11/29/06, $2,908K (-1%)
214 18th St, 3/3, $2,750K, na, 4/28/06, $2,950K (+7%)

7 comments:

Anonymous said...

Buying a house right now would be like buying investment property in Singapore AFTER the Japanese attack in December 1941.

Anonymous said...

Yeah... uh... just like that.

Anonymous said...

I AGRE WITH 12 17

We know the recession is coming and it will be deep and long

why buy now - wait til things hit bottom

Anonymous said...

Singapore was on the rise in 1941:

Great weather, rich foreigners (the Japanese) moving in, parents buying second and third homes for their children.

Anonymous said...

Tell that to all the people in Singapore that the Japanese slaughtered.

Oh, I forgot, it was community "cleansing"!

Just like Nazi health "showers" where people went in dirty and came out...dead.

Anonymous said...

It's good to see people staying on topic.

Anonymous said...

90402 = Orchard Road


Sunset Park = Geylang!