Does this look like it is worth $599,000? Would you believe it was orginally priced at $850,000? Only in Coronado would properties like this beg a second look. This little home is located at 1012 9th Avenue, just off Orange Avenue. Looking at these photos would make you think how neat this home is, but what you don't see are photos of the location.
What you don't see is that this home is sitting right next to an alley, across from a liqour store, and 1/2 block away from the Vons and directly across from the Vons parking lot. It is always fascinating to me to see what certain markets can bear price wise. Now this property is still overpriced because today it has been on the Sandicor Multiple Listing Service (MLS) for 353 days. I am not sure when the price reduction occurred, but even a year ago the market for Coronado was not in an $850,000 price range.
If you lived in this home you could walk to the harbor and to the Hotel Del Coronado. Although people love Coronado, I am not sure if they are willing to spend over 1/2 million dollars for a house that isn't on it's own lot yet. This property is still lot attached to 3 other properties and apparently the owner is waiting for their final subdivision map.
I may be crazy, but I have my doubts whether this 1912 built home on the alley will fetch $599,000. I hope they do because I always want the best possible market price for a seller, but I also would like something that makes sense to a buyer.
If you would like to view this property (assuming we can one day soon), or would like the list of affordable Coronado Luxury Properties, just give us a call at 619-977-3174 or email us at sharyncrown@gmail.com.
This is a series of articles by Sharyn and Victoria Crown about Coronado Affordable Luxury.
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