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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