Way back at the beginning of the year when this site was but a wee lad, we did a story on several high-priced homes that had been on the market for a long time. Now it’s 8 months later, and all three homes are still looking for buyers:
1. 820 21st Ave – A new construction house that took over a long-vacant lot, and introduced 21st Ave to the world of unfriendly front fences. It’s seen a price drop from $879,000 down to $819,000 (only $4,141 a month with 20% down). But this one could have a happier story soon: Windermere says that there is a contingent offer to buy it.
2. 824 21st Ave – This big remodeling project on a house built in 1900 still sits empty, and has been since 2005. The price has dropped since January from $643,000 to $550,000. That’s a full $200,000 lower than what it was originally listed at several years ago. And the most painful part: the current owners, evidently flippers, paid $625,000 for it back in 2006. Details available on Redfin.
3. 2315 E. Columbia – This massive, newly constructed, 4,095 square foot house has now been on the market for 18 months. The only change is that the price has dropped from the astronomical $1,000,000 level down to $899,000. Evidently that’s still too high. Details available on Redfin.
Anyone else have any slow moving for-sale properties in their part of the neighborhood?