With just one notable upward price adjustment, and the rest down, the real estate market appears to be settling back into a sort of normality. The week’s notable changes….
1676 East Valley Road (↓$550K to $9.95M) is a hunk—7,700 square feet of single-level house, built in 1887, on 1.6 prime acres—just waiting for someone to make it over.
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1811 Fernald Point Lane (↓$725K to $9.35M) was built in 1966, but the interiors feel more 1992. And then there’s the 101 right out the front door….
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Another boxy contemporary: 1130 E. Mountain Drive (↓$800K to $7.95M), which has widescreen views but a lot of surfaces need replacing, and the fire risk is huge.
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There’s a lot to like about 830 Park Lane (↓$595K to $7.4M), and this seems like a good price for the location, views, and overall class of the place (although I haven’t seen it in person). The property has been on the market since January.
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531 Chapala Street #C (↓$100K to $2.495M), a second-floor apartment at Jeff Shelton’s fabulous El Andaluz building, has been on and off the market several times since it was first listed in April 2018 for $2.895 million. It has now dipped below what the current owner paid ($2.538 million) in 2014. Love the screening room for two.
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Two weeks ago, 2255 Las Tunas Road (↓$145K to $3.35M) came back on the market at a price of $3.5 million—$500,000 higher than in the spring. That decision appears to have been somewhat rethought.
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995 Mariposa Lane (↓$245K to $4.75M) could use some new surfaces, but you can’t argue with the setting.
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Sweet 1 Cedar Lane (↑$400K to $2.65M) is our lone price hike, and a remarkable 20 percent one at that. What the listing doesn’t say but the map does: it’s right on Eucalyptus Hill Road.
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Maybe we should start a fundraising drive to buy the hovel at 1035 Coyote Road (↓$14K to $685K) and put it out of its misery.
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