Strike Up The Band Contractors As 393 Marina Closes For $4.4M

As a plugged-in reader wrote when 393 Marina Boulevard first hit the market in January with a list price of $6,000,000 and 6,140 listed square feet:

1000 per foot for a home on fill land that looks in fairly poor condition listed by an agency I’ve never heard of… None of this bodes well for a fast sale. My guess: It sits on the market for months and after a couple of meager reductions ends up being withdrawn.

Real asking should be about 700 per foot, so somewhere under 4.5 million.

The sale of 393 Marina Boulevard closed escrow yesterday with a reported contract price of $4,400,000 ($716 per listed square foot).
That being said, as another plugged-in reader also reported back in January:

Having gone through this home last week, measures about 3800 square feet give or take. The listing agent has included an enormous garage and basement space measuring about 2200 square feet to get us to the [6,140] square feet.

The first building permit for what appears to be basic seismic work was pulled within hours of closing. We’d be willing to bet it will soon be followed by others with plans to capture a bit more of that garage and ground floor space.
∙ A Rainy Day Money Mini-Manse Hits The Market On Marina Boulevard [SocketSite]