4713 E 4th St
4713 E 4th Street, Unit 16
Executive Summary
Global Economic Context
Mortgage rates are moving in the seller's favor. This week's Freddie Mac PMMS release brought the 30-year fixed to its lowest level of the current spring homebuying season — and the lowest in three spring seasons.
What this means for your buyer pool: At 6.23% on a 30-year fixed, a buyer financing 80% of $849,000 carries roughly $4,180 per month in principal and interest — about $130 per month less than at the April opening rate of 6.46%.
The four-week downtrend is expanding the qualified buyer pool for this price segment, and Freddie Mac's chief economist this week pointed directly to a pickup in purchase applications, refinance activity, and monthly pending home sales. This is the clearest rate tailwind we've had all spring.
Supply & Demand
- Two active Bridgeport units — yours and 4739 E 4th
- Identical $849,000 ask on both units
- 4739 is fresh: listed 4/9, only 13 DOM
- Bridgeport inventory scarce at 60-unit complex
- Broader 90814 supply still favors sellers
- First qualified showing: Tara Shahsa / Redfin on 4/19
- Rate environment most favorable of the spring
- Closed comp #4619 at $885K validates ceiling
- 3600 E 4th just went pending — market is moving
- Cancellation was buyer-side scheduling, not the property
Competitive Set & Pricing Context
Bridgeport Complex — Active & Recent
| Unit | Status | Price | Sqft | DOM |
|---|---|---|---|---|
| 4713 E 4th #16 (yours) | Active | $849,000 | 1,206 | 21 |
| 4739 E 4th | Active | $849,000 | 1,401 | 13 |
| 4619 E 4th #2 | Closed 12/17/25 | $885,000 | 1,401 | — |
Nearby Belmont Heights Movement
| Unit | Status | Price | Sqft | DOM |
|---|---|---|---|---|
| 3600 E 4th #305 Loma Vista — different building | Pending 4/21 | $739,900 from $775,000 | 1,205 | 152 |
Direct Competition: 4739 E 4th
Same Bridgeport complex, same $849,000 ask, listed 4/9 (13 DOM). They're running public open houses today (Thu 4/23, 10 AM–4 PM) and Friday (Fri 4/24, 10 AM–4 PM) to drive early traffic.
4739 — Their Strengths
- Top floor with cathedral ceilings
- 1,401 sqft (195 sqft larger)
- Views: Colorado Lagoon, golf, greenbelt, Signal Hill
- New central A/C, new wood-look floors
- Fresh to market at 13 DOM
4713 #16 — Your Strengths
- Corner unit with exceptional natural light
- $21,000 state-of-the-art HVAC system
- Three private outdoor patio spaces
- Custom walk-in closet in primary
- Separate laundry room, not a closet
- Updated Bosch appliances, stacked-stone fireplace
The honest read: 4739 has the square footage and views advantage; you have the updates, layout features, and corner privacy. Buyers choosing between the two are making a view-versus-finishes decision, and their weekday open houses suggest they're hunting for early traction before your listing builds momentum. This is the single most important unit to monitor.
This Week's Activity
| Date | Agent | Brokerage | Status | Notes |
|---|---|---|---|---|
| Sun, 4/19 1:30–1:45 PM | Tara Shahsa | Redfin Corporation | Completed | 15-min showing · feedback pending |
| Wed, 4/15 5:00–5:30 PM | Chris Sidlow | Arbor Real Estate | Cancelled | Buyer schedule changed (not property) |
Weekly total: 1 completed showing · 1 buyer-side cancellation · 0 agent previews · 0 inquiries. Reporting period 3/19 — 4/19 (ShowingTime).
Strategic Recommendations
At 21 DOM with a closed-comp ceiling at $885K, a pending nearby at $739,900 after 152 days (different building, fewer amenities), and the most favorable rate environment of the spring, there is no statistical case for a price reduction right now. The first qualified buyer just walked the property, and rates just hit a three-season low. Give the market two to three more weeks to respond to the rate shift before revisiting price.
Tara Shahsa's 15-minute walkthrough on Sunday was short enough to warrant a direct follow-up — feedback is still pending in ShowingTime. A quick call often surfaces the real reaction when the form stays empty. Whatever comes back will sharpen our positioning against 4739.
At identical pricing, buyers need a clear reason to choose your unit over the larger top-floor unit with views. The strongest levers: the $21,000 HVAC investment, the three private outdoor spaces, the custom walk-in closet, and the separate laundry room. Make sure these show up in the listing remarks, the buyer-agent cover sheet, and the talking points for open house visitors.
Their Thursday and Friday public open houses tell us they're pushing hard for early activity. If 4739 goes into contract quickly at $849K, it confirms the price and puts your unit in a strong position as the last remaining 2BR in the complex. If they sit without activity after their open house weekend, we'll have a clearer read on what the market is saying about the current price band. Either outcome is informative.
Market Verdict
You are 21 days into a listing priced correctly relative to the closed comp in your complex, entering the most favorable rate environment of the spring, and just received your first qualified showing. The core strategic question is no longer "is the price right" — it's "how does your unit perform head-to-head against 4739 E 4th over the next three to four weeks." Hold price, sharpen the differentiation message, follow up on the Redfin showing, and let the rate tailwind work.
Data sources: ShowingTime, CRMLS, Freddie Mac PMMS