Purchased for $775,000 a year ago (April 2010), the single-family Forest Knolls home at 333 Oak Park Drive has returned to the market listed for $875,000.
In the words of a couple of readers wondering about its return, “from what we can gather, there is little more than a lick of paint (internally) and an amazing collection of contemporary art which is, sadly, not included in the sale.”
As best we can tell, no permits for major work have been issued since its April purchase, nor have the street level third bedroom and bath which were built without permits according to its listing last year been legalized.
And while we might debate the amazing call with respect to the collection of art, unless we missed a permit, we are calling this an apple to be.
The resale of 333 Oak Park Drive closed escrow on Friday with a reported contract price of $800,000, up 3 percent year-over-year. On the same day the $800,000 sale was recorded the list price for the property was reduced to $800,000 on the MLS as well.
So in terms of MLS based market statistics and industry reports, it’s another “at asking” sale versus 3 percent under the price at which it was listed when the property went into escrow ($829,000) or 9 percent under the price at which it was originally listed in March.
∙ Apples To Apples (And A Little Art Later) 333 Oak Park Drive Returns [SocketSite]