New cut takes University Village single-family 28 percent below '07 sale price

A single-family at 1454 S Emerald Ave, featured around the midpoint of this recent University Village tour video with Realtor Gary Lucido, is now available for 27.7 percent below its 2007 sale price following yet another reduction.

The six-bedroom / 3.5-bath home sold in March ’07 for $1.2 million, went back on the market the following July for $1.15 million, and has inched slowly downward since then to a current list price of $871,900. When we shot this video with Gary last month, it was still listed at $940,900.

The home is one of two resales on the block of new-construction single-families — a 3,165 square-foot four-bedroom at 1413 S Emerald Ave is available in the $980s. A developer-owned five-bedroom with 4,299 square feet, located at 1401 S Emerald Ave, is listed for $1.32 million.

Just south of this block is a new playground ringed by new-construction townhomes, all featured in the video below.

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