Address: 365 24th – 90402
Details: Tear-down on a prime, 8,700 sq ft lot
Description: Teardown /Major Fixer on Prime 8700 Sq ft lot well positioned on the blk on one of the Most beautiful tree lined Street N of Montana. Restore this original Spanish or start anew either way you look at you will end up a great house in a fabulous location!!! Please see private remarks for further instruction for showings/presenting offers.
Previous Purchase: 5/3/06 – $2,337,500
Listing History: 5/4/10 – $2,500,000
SOLD: 11/4/10 – $1,900,000
This is a case where some old holder nearly top-ticked the market and sold a tear-down to either a spec builder or someone who wanted to build a house for themselves. We now see a decline of nearly 19% for what I think is unquestionably a very well located, zero location discount lot.