Several exciting new North of Montana Avenue sales indicate that much of real estate market losses of 2007 – 2011 seem to have been erased.
Low inventory, pent-up demand, record low interest rates and several $5M+ have had made this a very good time for Sellers.
All price points from tear-downs to new construction are getting multiple offers.
Here is your real estate news:
There were no new listings this week
212 24th St. - 5bd + 4.5ba. $4,849,000. Sold in a week! Listed by Pence Hathorn Silver. Brand new East Coast Traditional nearly 5,000 sq. ft. on a 60 x 147 lot. One of the finest built homes I have ever had the pleasure of brokering.
550 10th St. - 5bd + 4.5ba. $3,295,000. Nice home, north of Alta with a great floor plan and priced to sell quickly. Apx. 4,300+ sq. ft. Large backyard with room for a pool.
1820 San Vicente Blvd. - 4bd + 3.5ba. $2,650,000. Oversized corner lot apx. 12,906 sq. ft.
503 9th St. - 5bd + 3ba. $2,288,000. Sold in two weeks way over list price, 19 competing offers! 1927 house apx. 3,261 sq. ft., corner of 9th & Marguerita. The permitted guest house over the garage adds tremendous value.
415 14th St. - 3bd + 1.25ba. $1,850,000. This home came on the market Tuesday. The listing agent was completely overwhelmed by the activity.
745 19th St. - 2 units. $1,995,000. Listed by Pence Hathorn Silver. Legal duplex north of Montana Ave. on an apx. 8,940 sq. ft. lot.
NEW DEALS CLOSED
239 21st Pl. - 6bd + 5.5ba. $3,795,000. Listed and sold by Pence Hathorn Silver. With a little bit of updating (new appliances and countertops) this home would easily be worth well over $4 million. Oversized lot (apx. 10,290 sq. ft.) apx. 5,692 sq. ft. of interior space. Corner at Georgina and 21st Pl.
622 25th St. - 6bd + 7ba. $5,195,000. Finally we have broken the $5M cap that was imposed during the melt-down of 07-12! This home has a huge basement, perfect floor plan, elevator to all 3 levels and a really nice backyard.
2222 San Vicente Blvd. - 4bd + 3ba. $1,749,000. Ranch style home. Needs updating. First time on the market since November 1996.