Five new listings, three sales and one closing mark another solid week of real estate sales activity in the North of Montana Ave neighborhood. All but one of these five new listings seem to be fully priced so look for only one or two new sales next week.
Interesting to note: A client asked me last week “Who are the buyers of these homes in our area?” My answer starts with the question “Who isn’t buying these homes?” The answer: Doctors.
Physicians have been largely priced out of 90402 as their incomes have eroded under heavy pressure from insurance companies. When I started brokering 90402 properties in the 80s, doctors were among the largest group of owners and buyers. These days, the development, entertainment, and the financial services industries are the predominant groups of owners and buyers.
ACTIVE/AVAILABLE NEW LISTINGS
622 7th St.: 3bd + 2ba. $1.65 million Charming Craftsman cottage with a guest house, close to all the shops and dining on Montana Ave. apx. 1,900 sq. ft. on an apx. 5,280 sq. ft. lot.
635 20th St.: 4bd + 5.5ba. $4.39 million Stunning Spanish apx. 5,400 sq. ft. Beautiful, corner lot in the heart of Gillette’s Regent square tract.
524 15th St.: 3bd + 4.5ba. $3.55 million This home has never looked better than it does now. Only two bedrooms upstairs but the master is terrific. Super quiet street. A short walk to Montana Ave.
335 24th St.: 5bd + 4.5ba. $3.49 million Maybe the third time will be the successful time for this versatile home. Not everyone’s ideal floor plan but a good house at a good price.
307 21st St.: 5bd + 4.75ba. $3.29 million Country English style home, lush gardens, unique design and spacious game room is a plus (see photo).
443 21st St.: 5bd + 5.5ba. $3.59 million (Sold in two weeks) Multiple offers were presented on this contemporary Mediterranean apx. 5,600 sq. ft. on a huge apx. 9,000 sq. ft. lot. Built in 1989.
317 23rd St: 3bd + 3ba. $2.84 million (Sold in less than two weeks) Just as predicted here last week, this courtyard style Hacienda of apx. 3,000 sq. ft. sold immediately.
417 Euclid St.: 2bd + 1ba. Listed for $1.68 million and sold for $1.72 million A well-known developer bought this and will no doubt demolish this old home.
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