There’s nothing quite like the first overbid of the new year–in this case because it’s actually a fairly modest affair all around.
The two bed, one-bath circa 1930 house at 2626 23rd Avenue sold this week after just a little over a month on the market for more than $1.5 million, or more than 134 percent of the initial asking price.
That’s a very respectable sale by any measure, but less spectacular than we’ve seen in some recent weeks, presumably on account of a slower post-holiday period.
As for the home itself, it too is a modest affair–or at least it would seem to be if we could really get a look at it. This one went on the market as a fixer opportunity without photo evidence of any kind; from the outside it looks fine, and the city has no complaints on file for it, with the only work on the place being a new roof in 2018.
Still, whether they realized it or not, these buyers gave us the ideal note to start off a new year on: Something that already stands out but that also has big ambitions to do more. Speaking of which, that’s one weekly overbid down for the year, 51 more to go.
|Address||BR/BA/Units||DOM||List Price||Sold Price||Overbid|
|2626 23rd Avenue||2/1/N/A||6||$1,125,000||$1,510,000||34.22%|
|2678 22nd Avenue||2/1/N/A||13||$1,195,000||$1,550,000||29.71%|
|1574 41st Avenue||3/1/N/A||6||$1,288,000||$1,600,000||24.22%|
|631 33rd Avenue 633||N/A/N/A/N/A||13||$1,298,000||$1,608,888||23.95%|
|6516 California Street||2/1/||8||$1,195,000||$1,455,000||21.76%|
|5426 Anza Street||4/4/N/A||11||$2,295,000||$2,750,000||19.83%|
|2390 14th Avenue||N/A/N/A/N/A||24||$1,998,000||$2,357,000||17.97%|
|235 Montecito Avenue||3/2/N/A||7||$1,699,000||$2,000,000||17.72%|
|1150 Dolores Street||1/1/4||5||$899,000||$1,050,000||16.80%|
|1968 Armstrong Avenue||4/3/N/A||11||$1,159,000||$1,325,000||14.32%|
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