Contact: Warchestsm@gmail.com -- All e-mail correspondence is kept strictly confidential unless otherwise requested.

Monday, May 17, 2010

Free House With Bubble Lot Value

Address: 234 22nd - 90402

Details: 4 bed/5 bath 3,761 sq ft house, 7,550 sq ft lot, 1993 construction

Description: This “Eames” modern-style home is situated on a quiet, tree-lined street. Featuring four bedrooms and five bathrooms, hardwood floors, great room with fireplace, private office on first level, sunny westerly exposed yard with room for a pool, two-car garage with alley access. Enjoy all “North of Montana” living has to offer.

Previous Purchase: 6/14/94 - $950,000

Listing History: 2/5/10 - $2,479,000
Reduced down to - $2,395,000

SOLD: 5/12/10 - $2,300,000

Remember when people were willing to pay almost this much for just the lot?

Looking at the previous purchase, we see that the current sales price represents about a 5.7% compound growth rate over the 16 years from purchase to purchase.

3 comments:

  1. That's gotta be down $1 million from the peak.

    ReplyDelete
  2. all i have to ask is... what is this thing. i thought this house was n. or montana and not in the woods of yosemite

    ReplyDelete
  3. if the buyers had waited, the house would have turned into compost on its own and they wouldn't have to pay for demo

    ReplyDelete