Three bed, two bath, single family home in the Marina, and apparently not in Liquefaction Zone (per JCP), just sold for $1,851,000. Asking, $1,850,000. Last sold in ’04 for $1,650,000. Great house, great location, good price=excellent deal and happy home owners. We’re seeing a lot less of the crazy overbids, and more of these little overbids.
[pics taken from MLS property profile]
$1.851 million is fair value. The square footage is roughly 1,850sqft = $1,000/sqft. I don’t think that’s a steal. Frankly, this eastern part of the Marina generally has been selling for $900/sqft last year. Hence, to get $1,000/sqft is a pretty darn good.
Music plays for homeowners in The MArina :)
Well said, BullMarket. Thanks.