There are currently 86 blog entries related to this category.
Friday, November 22nd, 2013 at 7:19am. 215 Views, 0 Comments.
Over the past few years, 3108 Walnut (4br/4ba, 3685 sq. ft.) has been a weird mainstay of the Tree Section market. But right now the sellers are celebrating some good news.
The home was frequently overpriced, often listed as a short sale (and facing foreclosure), difficult to see, sporadically marketed.
The one time we saw it, there was a strange kind of open house – the family members flitted about doing their thing, ignoring visitors, and the house seemed cluttered and dark. Was it open, or were we trespassing?
With the chain of oddities, it's no surprise, then, that they couldn't make a deal, right?
This home was listed more or less constantly from June 2011 onward, with a couple of breaks – the longest for a failed escrow that began in June last…
Saturday, August 24th, 2013 at 8:06am. 406 Views, 0 Comments.
Want to make $1M on a quick deal?
Unless there's some catch.
Worry not. Your eternal soul is safe. All you need to do is buy a Manhattan Beach short sale and hang on for a short time, while the market rockets skyward.
And that's roughly the plan at 316 45th.
This ocean-view TH in furthest-north El Porto was picked up a relative moment ago, in Nov. 2012, for $1.537M.
Notice the 1.5 in front.
How about $2.635M?
That's the current request. 2.6+. A bump of $1.1M.
This is a 3br/4ba TH with 2100+ sq. ft. inside, and lots of parking. (Necessary with this being El Porto.)
The views are freaking for real. As we said in a review in Sept. 2012:
There are few higher points in MB with more unobstructed panoramas than this TH on the
Tuesday, February 19th, 2013 at 9:03am. 586 Views, 0 Comments.
Is it a coincidence, or a trend?
Among the most recent deals (new escrows) in MB are several properties with issues of some sort – and an appeal that you can identify, somewhere in the rough.
It goes to show you don't need to have a pristine property, ideally located, and normal circumstances just to make a sale.
416 21st Place (3br/4ba, 1950 sq. ft.) is a rear-unit TH built in the early 90s with some real views.
You wouldn't expect a rush to the door for a rear unit, nor for one with the unusual style and materials here – black marble, anyone? Glossy black kitchen?
But views and price seem to have helped a lot.
Up on the top level, there's a substantial patio/balcony with real views to the north and west, and there are more to the south and west…
Wednesday, December 12th, 2012 at 5:00pm. 493 Views, 0 Comments.
The market value is what it is, and distress sales – rare as they are in MB these days – just don't seem to deliver huge discounts.
But a new El
That's 316 45th (3br/4ba, 2320 sq. ft.) we're talking about, a 2006-built TH at the north end of town, and almost at the top of the steep hill that rises up to
Views? Oh yeah. We said in our review in September:
There are few higher points in MB with more unobstructed panoramas than this TH on the furthest edge of town. The master…
Thursday, September 13th, 2012 at 2:11pm. 491 Views, 0 Comments.
And in between, there's the boundary. Specifically, Boundary Place, an alley street that separates our towns.
Final price: $1.475m (-$174k/-11% from start).
It's a U-shaped house built around a "grotto" (not many of those!). There are bedrooms here and there, the kitchen's got an odd setup and finishes, and there are several step-up and step-down levels all around – including, memorably, the split-level master with jacuzzi tub in the room. (Here's our review from March.)
But if we sound skeptical, know this: Mrs. MBC always had a soft spot for this house, and on a…
Wednesday, March 14th, 2012 at 2:28pm. 395 Views, 0 Comments.
Purchased for nearly $3m in March 2006 ($2.950m), it was offered for a stretch in 2010 for a rescue price ($2.999m) and in early 2011 for the same number, before the downward cascade began.
First it was a cut to $2.599m. They posted a deal. But in August, the story behind the scenes began to come out. It would be a short sale. The bank had approved a short-sale price of $2.380m.
And yet, the buyer who had ground down the lenders was having second thoughts. As we said in "Ocean Views for Less":
Behind the scenes, what's going on is that the buyer is playing chicken with the bank, dropping the offering price to try to get a better deal. That…
Thursday, March 8th, 2012 at 12:30am. 480 Views, 0 Comments.
|2216 Manhattan Ave.|
We've had a few of those cases recently around town, but not this time.
Many townhomes look alike, especially this one, as it is in the same building as 2 other recent sales.
Yes, any buyer looking at this Spanish, beach-close TH (with 4br/4ba, 2580 sq. ft.) is going to have 2 recent sales to use as barometers – same building, same vintage (2007), similar views, and sales in both 2007 and 2011.
The third TH in this building to be offered for sale recently is now coming out at the highest price: $2.599m.
Neighbor 2212 Manhattan Ave. (4br/4ba, 2600 sq. ft.) sold off-market last April for $2.5m. (More on that in a sec.)
But the other…
Friday, February 17th, 2012 at 3:30pm. 622 Views, 0 Comments.
New listings were slow to unfold west of the highway, but there was no such constraint on EMB.
The home felt like what it was: a late-80s home with incomplete remodeling, but it had the asset of lots of space – inside and out.
That's why you go east of Sepulveda. (For the space, not the 80s.)
1305 8th debuted at $1.725m and lasted just 10 days. In early January.
It has now closed for $1.710m.
That quick deal was just a harbinger.
Here are the 7 other quick EMB sales of larger homes in…
Wednesday, February 1st, 2012 at 4:02pm. 570 Views, 0 Comments.
At the time, it was (briefly) listed at $1.869m, which we pointed out "presents no competition at all," given that it is a "1991 home that needs almost everything to be redone."
Suffice to say, that price was preposterous, and everyone knew it. (Did we mention that the home is blank and unattractive and needs everything to be redone?)
Before January ended, much changed at 1447 8th.
Yesterday, $470k came…
Saturday, January 21st, 2012 at 6:29pm. 1,039 Views, 0 Comments.
That means: Yes, you can live in MB for less than a million, quite a bit less. But here's hoping you don't have too much stuff.
regarding MB shopping, dining and nightlife. The focus there is on some of our town's newer offerings – a reminder that the last few years have really given us some headline-worthy additions. The feature's author: Mrs. MBC!
To plan out your weekend home tours, use this Redfin map list of open houses – you can sort by price or sub-region of MB by clicking the title on a column. Or click here for the more traditional Beach…