It took 5 months, but now the best new home on Rosecrans is changing hands.
3617 Vista (4br/3ba, 2750 sq. ft.) came on the market Sept. 5, 2007, at $2.149m. MBC offered a detailed writeup shortly thereafter (see "As Good As It Gets on Rosecrans"). Highlights:
- a solid, voluptuous-feeling build with lots of nice…
It took 5 months, but now the best new home on Rosecrans is changing hands.
3617 Vista (4br/3ba, 2750 sq. ft.) came on the market Sept. 5, 2007, at
$2.149m. MBC offered a detailed writeup shortly thereafter (see "
As Good As It Gets on Rosecrans"). Highlights:
- a solid, voluptuous-feeling build with lots of nice custom touches;
- this is a loud part of Rosecrans... Throughout our visit, vehicle noise was noticeable – in part because cars are gunning their engines to climb the hill;
- If Vista doesn't go quickly, we'd guess a sale could come in nearer to $1.9m.
This listing was cut down to
$1.899m in early January, so we imagine that the deal is close the that.
Hey, that means we weren't far off in that edgy prediction way-back-when. (All predictions are edgy.)
MBC was blessed in the comments on that story to hear from a person who had bid on the project before it was built out. His numbers suggested a cost for the builder of about
$1.765m. With 5% costs of sale at $1.899m, the net is
$1.8m, meaning possibly a
tiny sliver of a profit, assuming (big-A assuming) no extra costs along the way. With 5 months' worth of holding costs after the prop hit the market, we might assume a modest loss on this project.
But consider the buyers. They got at least a 12% discount, they're near the beach, the airport, yoga, sushi and, of course, El Tarasco. They're in the newly minted region of "North Manhattan Beach." What's not to love at this point?
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 May 4th, 2024 at 12:45am 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.