Sometimes no news really is good news.
Oftentimes our weekly top overbid has something remarkable going for it: A recent renovation, a hot trend, a strategic price change or recent sale that marks this home as a prime mover.
But the number one spot this week, a lovely Marina-esque number from 1931 with three beds and two baths that soared well over its modest list price of just under $1.2 million to score $1.9 million in the end didn’t have any of that: This place hadn’t sold in decades (but nobody made a big thing about it), nor does the city record any work done on it in at least as long.
All this place had to do was show up and it got a big score.
We do wonder though, was that $1.2M listing price realistic to begin with?
That depends on who you ask, but for the record, in 2021, homes with at least three baths in this neighborhood closed for an average of $1.81M.
For a $1.2M average you’d have to go all the way back to 2015–in some sense not that long ago, but in others a very different world from the one we inhabit now.
|Address||BR/BA/Units||DOM||List Price||Sold Price||Overbid|
|1538 27th Avenue||3/2/N/A||15||$1,195,000||$1,900,000||59.00%|
|631 19th Avenue||5/4/N/A||10||$1,895,000||$3,000,000||58.31%|
|1562 15th Avenue||2/1/N/A||13||$1,295,000||$2,050,000||58.30%|
|327 Hearst Avenue||3/2/N/A||9||$1,349,000||$2,125,000||57.52%|
|171 Alpine Terrace||3/2/||7||$1,949,000||$3,050,000||56.49%|
|3838 25th Street||4/5/N/A||7||$3,750,000||$5,800,000||54.67%|
|76 Bernal Heights Boulevard||3/3/N/A||13||$1,698,000||$2,600,000||53.12%|
|548 2nd Avenue||3/2/N/A||13||$1,549,000||$2,300,000||48.48%|
|580 12th Avenue||3/2/N/A||16||$1,985,000||$2,900,000||46.10%|
|558 Athens Street||2/2/N/A||20||$898,000||$1,300,000||44.77%|
As always, if you have any questions you can contact us directly, or throw them in the comments below. Make sure to subscribe to this blog, or follow us on social media @theFrontSteps too. And please do consider giving us a chance to earn your business and trust when it’s time to buy or sell Bay Area property. People like working with us, and we think you will too.