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Wednesday, March 24, 2010

What Will This Sell For? *Update 1*

I last featured 933 Harvard back in January.

My value equation at the time was:

So roughly speaking, I think this is worth: $1.14mm + remodel value + "bubble premium".

I also said:

I think it will attract a lot of potential buyers...I think it will have a tough time selling for close to the asking price...I think they won't have a hard time getting bids at lower levels.

Listing History: 1/14/10 - $1,849,000

SOLD: 3/23/10 - $1,849,000

This went into escrow after just 11 days on market. I was correct about this attracting a lot of potential buyers but I misjudged the final selling price. I thought it would sell quickly at a price below asking...but instead it sold quickly for the exact asking price.

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