4388 N Sabino Mountain Drive is back on the market today. These sellers paid $920,000 in 2005, then tried for $1,395,000 and $1,295,000 in 2009. When it hit the market back then I commented - It last sold for $920,000 in July 05, and so it’ll be interesting to see if today’s buyers agree with the 51% price appreciation now being asked for this house. They didn’t, and that was that, it left the market 6 months later.
It was steeply reduced and listed again last year for $858,000 and still no-go. And now it’s back today, again trying for $858,000, or $181/sf, making it the least expensive house in its price range by $40 or more/sf on SM.
One obstacle may be that buyers are concerned that despite its gloried past, nothing has sold in the $800’s on SM in more than two years. Though there is one in contract at $895,000, and that may be the ice breaker.
4388 N Sabino Mountain Drive , Tucson, AZ 85750
(listed by Tucson Arizona Real Estate 34)
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