Ground Down to $6.5m
Posted on Friday, November 6th, 2009 at 7:22pm.One of the truly special properties to hit the market this year has now closed for more than one-third off its start price.
And what a start price it was at 218 Anderson: essentially $10m ($9.988m).
Closed price yesterday: $6.525m.
With a discount from start of $3.463m (-35%), we're pretty confident that will be a record dollar chop for some time to come.
The nearly $3.5m price reduction blows away every other multi-million-dollar price cut discussed in "Some of the Biggest We've Seen" back in July.
MBC said of this home in "Lucky 7's" in late September, when Anderson first posted a deal:
You may have noted above the live link to Redfin for this closed sale. This seems to be a new feature on Redfin's site, which previously showed only basic info on closed sales and no photos. Now the whole prior listing is accessible – a nice improvement. For more on 218 Anderson, you can also see the listing agents' site for this chattily narrated virtual tour. (One click shuts off the game-show-host voice.)
There's just one listing in MB right now that might possibly beat a $3.5m reduction if it sells, but we're not really expecting quick or drastic action at 2920 The Strand right now.
And what a start price it was at 218 Anderson: essentially $10m ($9.988m).Closed price yesterday: $6.525m.
With a discount from start of $3.463m (-35%), we're pretty confident that will be a record dollar chop for some time to come.
The nearly $3.5m price reduction blows away every other multi-million-dollar price cut discussed in "Some of the Biggest We've Seen" back in July.
MBC said of this home in "Lucky 7's" in late September, when Anderson first posted a deal:
The huge (8br/9ba, 8500 sq. ft.) home on an ocean-view double lot offers all kinds of extras, like 2 masters and almost 2 kitchens (one a "caterer's cooking station") plus a gym and lap pool.Yes, it's a landmark home, and now, so is the story of the pricing. To their great credit, of course, the sellers didn't hold out too long for too much – they took what was offered. The last list price was near $7m, so they had taken their own ambitions down step by step before this buyer came in.
Maybe this is run-of-the-mill in Malibu, the Hollywood Hills or such places, but it's a landmark-type home for MB.
You may have noted above the live link to Redfin for this closed sale. This seems to be a new feature on Redfin's site, which previously showed only basic info on closed sales and no photos. Now the whole prior listing is accessible – a nice improvement. For more on 218 Anderson, you can also see the listing agents' site for this chattily narrated virtual tour. (One click shuts off the game-show-host voice.)
There's just one listing in MB right now that might possibly beat a $3.5m reduction if it sells, but we're not really expecting quick or drastic action at 2920 The Strand right now.
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