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…
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:
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.
Maybe this is run-of-the-mill in Malibu, the Hollywood Hills or such places, but it's a landmark-type home for MB.
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.
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.
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 21st, 2023 at 10:15pm 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.
