Sold!: November 2009 Archives

A recent sale on Broadway is of great interest for market-watchers.

912 Broadway has the following specs and delicious first-person description:

4 bedrooms, 2 bathrooms, ~1,760 sqft, 5,120-sqft lot, MLS(r) #40301101, listed at $875,000

LOVE TO ENTERTAIN PEOPLE? I am a perfect house for you. I have a beautiful backyard with a gorgeous lagoon, hardwood floor throughout, and a livng room with fireplace to cozy up on those cold winter nights.

An alternative listing has a slightly less cute wording:

Gorgeous lagoon home. Open floor plan, updated kitchen with granite counter tops/marble floors/stainless steel appl. Beautiful garden for entertaining. Excellent location, walking distance to beach, shopping center and transportation.

Buried in Redfin's data, you might also notice very reasonable annual HOA dues ($475, or ~$40 / month).

Recent screen captures indicate this house was still on the market until recently, and remained for sale for close to two whole years (look at the list date):

912-broadway-movoto.jpgThe sale history on Zillow shows one recent transaction in 2002, for $609,000.

According to multiple sources, this property finally sold for $600,000. That's $9,000 + probably $30,000 or so in commissions below the previous transaction price, and a whole 31% off the last list price.

The moral of the story? If an agent tries to talk you out of lowball offers, or says she doesn't want to insult the seller, fire her at once.