113 Valley

The sale of 113 Valley closed escrow on Friday with a reported contract price of $1,175,000. And while that’s two percent under asking, it’s also two percent ($20,000) over its October 2009 sale price of $1,155,000. We’re not expecting too many members of the “apples are cherry picked” chorus to chime in this time around.

Down the block, 374 Valley is currently scheduled to hit the courthouse steps next month having been purchased for $960,000 in 2005 but with closer to $1,387,197 currently owed while notices of default have been filed for 235 Valley and 254 Valley as well.

Comments from Plugged-In Readers

  1. Posted by modernedwardian

    given what i thought this house needed, (excavation to make the lower level livable, new heating and electricity, additional retrofitting), i’m $150K surprised. but it’s good news for those of us in the neighborhood that bought when these owners did and likely better news for most of their neighbors, (though not the ones heading for the courthouse).

  2. Posted by sanfrantim

    Kudos go to “Renter Again” who hit it just about on the nose: “1.16M (2009 selling price plus a little bonus for good will)”. Color me a bit surprised too.

  3. Posted by RenterAgain

    Thanks, sanfrantim, it’s nice to be close to right (even though I wish it had gone for less for my own selfish reasons). I keep hoping this type of house will drop below $1M, but I’m not holding my breath.
    I hope the new owners enjoy it!

  4. Posted by dch

    Interesting. I’m definitely surprised that it didn’t take a 50k or so hit. Well done, sellers!

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