Details: 3 bed/1.5 bath house + guesthouse, 5,950 sq ft lot, upgraded condition
Description: Who says you can't have it all? Ultra-charming storybook home plus fabulous 2-story guesthouse! Overflowing w/ curb appeal & charisma, the main house features 3 bedrooms & 1.5 bathrooms. Spacious living rm w/ bay window. Formal dining rm. Bright galley kitchen w/ eat-in breakfast nook & tons of cabinets. Improvements include central heat/AC, updated plumbing & electric, dual-pane windows, recessed lighting, tankless H2O heater, alarm system & more! Character touches include hrdwd flrs, plantation shutters, archways & sunny color palette. Secluded behind an electronic gate & privacy hedges lies a tranquil yard & finished 2-car garage. Newly-constructed 2-story guesthouse whose downstairs features wrap-around French doors, flagstone flooring & closet. Upstairs boasts vaulted ceiling, recessed lighting, hrdwd flrs, closet, bathroom & French doors to deck. Located in wonderful neighborhood, close to shopping, restaurants & the beach. Immaculate home plus fantastic guesthouse – a rare find!
Previous Purchase: 6/8/06 - $1,249,000
Listing History: 7/13/11 - $879,000
This asking price is 29.6% lower than the peak of the market purchase in 2006. The sale type is listed as standard which is surprising because there haven't been a lot of folks taking these types of losses...most leveraged themselves into a corner and are going the short sale/REO route. Anyway, this house looks nice and the location seems OK. I would be going to this open house if I were interested in this area. Thanks to the reader who sent this over.
Is that somewhere around a late-2004 rollback, if we trust the 2006 and 1999 prices? My guess is that it's still priced a bit high, considering it's only 1,276 sf (decent lot size, though). I guess it depends how much someone weighs relatively small square footage against the pluses (move-in-ready, updated, and rear house/apt). For comparison, just around the block 3610 and 3737 Meier have larger houses and smaller prices.
ReplyDeleteIt would be interesting to know the back-story - are they forced to sell and/or is there little to no mortgage remaining (otherwise they might have to PAY money to sell with such a steep drop)?
The couple purchased it 6/06 for all cash. I would say the two story guest house in the back adds at least 500 sq ft to the 1276 of the main house. Great neighborhood.
ReplyDeleteRenters: you should be proud. Owners: you are foolish or lucky.
ReplyDeletehttp://blogs.reuters.com/felix-salmon/2011/07/20/rent-vs-buy-datapoint-of-the-day/
Renters- if epsilon didn't cheer you up enough, try this:
ReplyDeletehttp://www.youtube.com/watch?v=-DIETlxquzY
House in escrow at or near full price as of Tuesday July 26th.
ReplyDelete