A Quick and Profitable Flip in the Hedgerow

The county assessor still hasn’t updated its online database of real-estate sales since mid-October, so we only have MLS to go on. I know of at least two other big sales that have yet to be recorded, but they’ll have to wait.

700 E. MOUNTAIN DRIVE
Turnkey with ocean views but well outside the Golden Quadrangle.
Listed: $8.995 million in October 2020.
Closed: $8.5 million.

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111 ARROQUI ROAD
1920 George Washington Smith house sold off-market.
Listed: $3.95 million.
Closed: $3.9 million.

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1671-1675 SAN LEANDRO LANE
This is a pair of parcels—a 1920 Hedgerow house and guest house—that sold as a unit in early November for $4.98 million. The new owner turned around and flipped them off-market for $3.8 million and $2.3 million, respectively (or $6.1 million total).
Listed: N/A.
Closed: $3.8 million for 1671 San Leandro and $2.3 million for 1675 San Leandro.

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240 SHEFFIELD DRIVE
Off-market sale.
Listed: $3.25 million
Closed: $3.245 million.

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2255 LAS TUNAS ROAD
Viewless spec renovation on the Riviera.
Listed: $2.995 million and then, hoping for a Covid bump, $3.495 million, and subsequently reduced to $3.35 million.
Closed: $3.195 million.

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4131 MARINA DRIVE
1958 Hope Ranch house that needs a total redo.
Listed: $2.85 million and then, hoping for a Covid bump, $3.075 million.
Closed: $2.946 million.

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2550 PAINTED CAVE ROAD
Fifty-five acres off Highway 154.
Listed: $3 million in July 2020
Closed: $2.75 million.

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And a couple others worth checking out:
••• 1959 Paquita Drive: listed for $3.4 million in May 2019, then down several times till it was at $2.695 million; closed at $2.65 million.
••• 1358 San Rafael Avenue: listed for $2.5 million in May 2020, then down to $2.399 million; closed at $2.25 million.

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