If what you've got is a little mutt, why pretend it's a show horse?
A new listing at
3608 Maple today became the 9th Tree Section listing below $900k, with its start at
$769k, and what that price suggests is 2 things:
1) it's a small, original cottage, needing lots of updates; and
2) it may best be viewed as a lot…
If what you've got is a little mutt, why pretend it's a show horse?
A new listing at
3608 Maple today became the 9th Tree Section listing below $900k, with its start at
$769k, and what that price suggests is 2 things:
1) it's a small, original cottage, needing lots of updates; and
2) it may best be viewed as a lot sale.
Those things are readily apparent.
The listing also happens to be an REO.
Someone bought Maple for the unfortunate, wildly inflated price of $1.250m back in Sept. 2005. Must have seemed smart at the time. It went back to the bank 5 years later, and now shows up priced nearly $500k lower.
So maybe this one winds up a bargain for someone who can deal with a location issue and a tiny-house issue. (It's 2br/1ba, 930 sq. ft..)
Still, the listing describes it like some kind of treasure or rare find.
It's "Right near the BEACH!"
The home is "Amazing."
It's even "walking distance to the Manhattan Beach Village Shopping Center."
Check out the
listing pics yourself. It's an old place with a weird, wood-paneled kitchen with avocado appliances, featuring cheap carpets and blinds in the bedrooms and living areas. Not amazing.
Close to the beach? Compared to other towns, perhaps, but not within MB. Most folks are driving to the beach, even if nearby Rosecrans offers an attractive, direct route.
And walking to Manhattan Village? Is that common?
Contrast the undue hype around Maple with the grim and matter-of-fact description of comparably priced
2600 Oak (up at $749k):
2 Bedroom 1 Bath house. Property is sold as is, No repairs, No termite work will be done by seller. This is a short sale and all terms subject to lender approval. Value is in the land. Fixer, the property needs work.
That one's a shorter walk to Manhattan Village, but they're not pitching it. It's even closer for anyone who wants to commute to the real estate office on the other side of the fence. Alas, this is not mentioned, either. They played it straight.
Did we mention that 3608 Maple is also a mere mile from the "Gold Course?"
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of June 9th, 2023 at 1:45am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
