This Hedgerow Seller Played the Market Like a Fiddle

The week’s notable closings….

1530 MIMOSA LANE
The owner of this pretty 1920s Hedgerow compound—on 1.9 acres—played the market beautifully, selling it for nearly $3 million more than he/she was asking right before the pandemic.
Listed: $8.95 million in January 2020, pulled from the market in May, and put back on in August for $11.5 million—and it sold above ask.
Closed: $11.7 million.

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707 PARK LANE
Off-market sale of a new house bought in December 2019 for $6.375 million. No view to speak of.
Listed: N/A.
Closed: $8 million.

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4625 VIA CARRETAS
Likely teardown on five acres in Hope Ranch with ocean views.
Listed: $5.995 million in October 2020, cut twice till it was at $4.95 million.
Closed: $4.75 million.

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2315 EDGEWATER WAY
Fixer/teardown on a Mesa oceanfront bluff. Sold over ask in two weeks.
Listed: $4.295 in January 2021.
Closed: $4.745 million.

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1568 RAMONA LANE
Cute house but really? Selling that far over ask in a four-day close?
Listed: $3.35 million in January 2021.
Closed: $4.25 million.

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240 MIDDLE ROAD
1918 George Washington Smith house said to need some serious fixing. The backyard is amazing.
Listed: $5.399 million in November 2018; cut three times to $4.499 million.
Closed: $4.1 million.

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And a slew in the twos:
••• 308 Calle Hermoso: $2.867 million.
••• 1711 Hillcrest Road: $2.8 million (below).
••• 4120 Vieja Drive: $2.65 million.
••• 1200 Estrella Drive: $2.4 million.
••• 3755 Lincolnwood Drive: $2.35 million.
••• 1645 La Coronilla Drive: $2.326 million.
••• 219 Conejo Road: $2.3 million.
••• 945 Aleeda Lane: $2.293 million.
••• 215 Las Ondas: $2.195 million.
••• 885 Jimeno Road: $2.11 million.
••• 420 Las Alturas Road: $2.1 million.
••• 521 Toro Canyon Road: $2.098 million.

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As I mentioned last week, the county assessor’s website hasn’t been updating lately, and a bunch of off-market sales from the past month or so didn’t get registered until yesterday.

990 HOT SPRINGS LANE
Closed: $10.482 million

1631 POSILIPO LANE
Closed: $5.334 million (below).

895 LILAC DRIVE
Closed: $5.6 million.

2500 MT. CALVARY ROAD
Closed: $3.5 million.

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