Quack Quack

Posted by Dave Fratello on Tuesday, March 30th, 2010 at 3:40pm.

Down in the real Sand Section, 2 ugly ducklings now have deals.

215 S. Valley (4br/3ba, 2550 sq. ft.), right at the border with Hermosa and abutting the Robinson Elementary playground, found a buyer within 7 weeks of listing this year.

That's a lot better than the 8+ months without a sale that the home experienced from Summer 2008-March 2009. 

As we noted in early February in "215 Valley's Back," the home was offered first for $1.650m, much too high, and only gradually slid to $1.399m. MBC more or less predicted in early 2009 that the listing would approach $1.2m to find a buyer.

Though it quit in 2009, this year, Valley was back at $1.235m, with all kinds of "affordability" come-ons in the listing:
  • Best value for the money in all of Manhattan Beach!
  • If you have a family with small children, you cannot afford to pass up this ubelievable opportunity! [sic]
  • Now is the time to get in to Manhattan Beach at an affordable price! 
They didn't mention that the home was dated, the layout peculiar or that speedway Valley was an alarming presence right out the front door, but anyone who toured the home figured those things out quickly.

Here, it's always been about the price. And this year, it looks like they got it right.

Also running along Valley in the South End, 435 10th (4br/3ba, 2025 sq. ft.), has a distinct advantage over 215 S. Valley – a long walkstreet frontage. It's just the garage facing the speedway, while the front door opens to one of those signature sleepy, wide sidewalks replete with toys and kids' squeals.

The sellers could see only the benefits, so 10th began in October last year at $1.799m. Apparently that didn't seem crazy, since they posted a deal fairly soon, but it didn't pan out and the listing came back for months.

10th was last down to $1.499m, nearing lot value and reflecting the fact that the funky old-world look and feel of the home was not for everyone.

How many buyers does it take, though? It says here: One.
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