Light Years Apart

See that house up there? It just closed on Martinique in Pitcairn. It’s a 3 bedroom, 2.5 bath house. The floorplan has a huge master suite. It was listed for $1,298,000 and closed at $1,383,000. In my opinion it needed work. It also had this weird feature, the seller cut a hole in the wall between the living room and the garage and enclosed the laundry area (formerly in the garage) allowing access from the living room. I guess it felt more convenient that way?

I guess it struck me as remarkable because I sold the identical floorplan right across the street in 2010 for $960,000. It was in a lot better shape and it took 26 days to sell. In fact it was originally listed for $988,000 and sold under asking. The fact that the house above did what it did is certainly amazing. It had foundation issues too. This is where we are now.

Currently in Foster City there’s a whopping 2 active houses for sale. One is a probate that’s already received offers and is just waiting for a court date to make the sale official. In other words…it’s sold. The other is an Eichler that’s being used as an elder care facility. It needs some work. It’s been off and on the market for 200 days now. It’s priced at $1,288,000. Since it’s the ONLY house for sale maybe they’ll get it now?

It’s really amazing what’s happened here. A house that sells for $1,200,000 here seems cheap now. I’m actually not sure you can buy a house that cheap here. Seriously.

 

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