Here are two new low-end north of Montana listings. First is the 4 bed / 2 bath 1,684 SF house on a 7,500 SF lot at 409 16th Street (above, click to enlarge), listed 10/28/09 for $1,850K. Does the location this far up nice 16th Street and 4 bedrooms get this premium over our low-end $1,600K or so?
"Showings on hold until Nov. 13th. We do not have a key into the house. Wonderful North of Montana Spanish! Original details & charm intact. Sweet breakfast room off kitchen. Front-facing living room w/ wonderful picture window overlooking tree-lined street. Formal dining room. Hardwood floors. First time on the market for 50+ years. Bedroom wing was added. Oversized, detached garage. Great location on great street. In the coveted Franklin District."
Second is this 3 bed / 1 bath 1,557 SF house (red arrow, third from the corner in the aerial, no listing photo provided) at 444 9th Street, listed 11/5/09 for $1,685K. It is pretty close to 320 9th's $1,600K and 454 9th's $1,576K sales prices (the corner house on the left in the aerial photo).
"English Tudor style home north of Montana. Spacious home with 3 Bedrooms, 1 Bath, Living Room, Dining Room, Breakfast Room, Kitchen. This is a Trustee sale that does not require court approval; however offers will only be presented upon Buyer acknowledging they have received the inspection report. In addition, there is a Studio with a ¾ Bath; call listing agent for details. One car detached garage."
Tuesday, November 10, 2009
New north of Montana
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6 comments:
Thanks for this - much appreciated
409 16th will probably sell much faster - it has the benefit of a better location
The sale price of 454 9th St cannot be used for comparison purposes. The house was never on the market. I believe it was sold to neighbors who were friends.
That's a reasonable point about 454 9th, but its price was consistent with 310 9th that was actively marketed for months.
Believe that 454 9th was sold by heirs to the neighbor to the north, who cared for the long-time resident(s) for a looong time, which is what earned him the low-low price. New owner did a rental quality rehab (new modest kitchen, minor upgrades to baths, plus some recessed lighting, low-end wood floors, and a spiffy paint job). It is spacious, with flashes of character, and the yard gives you a lot of options, but it still has a weird 1930s era layout that looked like it would take at least $300k to make it the way you'd want a $2million+ house to be, assuming you didn't find all kinds of trouble when you opened up the walls, looked in the attic, etc.
Any word on the houses that were occupied while they were for sale but now are (1) vacant; (2) with no signs of development permits; and (3) off the market without being sold?
Probably foreclosures, that have not yet hit the GRS market.
How many house like this can the people on this board describe?
Very intrigued by your frank discussions of Samo real estate. We are looking to buy a smaller home closer to beach in Ocean Park and sell a big house in 90403Would be interested in what's happening in both markets.
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