Some of the discussion around
2600 Pine (see our recent "Weekend Opens" post) ties back to a bigger question about MB housing stock – are the old, original cottages worth preserving, or are they 'dozer fodder?
A lot of folks have a soft spot for the old little places, and that clearly includes the buyers of
1504…
Some of the discussion around
2600 Pine (see our recent "
Weekend Opens" post) ties back to a bigger question about MB housing stock – are the old, original cottages worth preserving, or are they 'dozer fodder?
A lot of folks have a soft spot for the old little places, and that clearly includes the buyers of
1504 Pine (3br/2ba, 1600 sq. ft.). The listing creatively touted the early-50s cottage as one that offered "Big Bear at the Beach," meaning the quaint home had the feel of a mountain cabin. (Dead on.)
It also had location going for it – a midblock lot on a nice street near Pacific School.
And for that mix of charms and pluses, Big Bear found buyers quickly who loved the flow of the place and were willing to make some updates.
They paid full price:
$949k, in a sale that just closed.
No doubt part of what saved the cottage this time is the depressed spec market. No builders buying average lots, few spec projects in development – that means greater opportunities for buyers who just want in to the 90266 and will take what they can get, and get their hands dirty if need be freshening up a place. That's good for the charm of the neighborhood, while a full-price sale like this one seems a bullish sign for at least this tier of the market.
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 March 18th, 2024 at 8:35pm 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.