It could be a coincidence, but this is the week that a couple of listings took big hits.
This being the Open Forum kickoff, your blog author gets license to mention a Hermosa listing.
First, an MB Hillie: 1015 Boundary Pl. first went on public offer in May. This 3br/3ba, 2400 sq. ft. home on an alley started two…
It could be a coincidence, but this is the week that a couple of listings took big hits.
This being the Open Forum kickoff, your blog author gets license to mention a Hermosa listing.
First, an MB Hillie: 1015 Boundary Pl. first went on public offer in May. This 3br/3ba, 2400 sq. ft. home on an alley started two dimes short of $2.5m (
$2.480m).
The home was the putative "winner" of an MBC poll comparing 3 listings, entitled "
Who's Most Delusional?" The listing cleaned up, garnering
52% of the vote.
There were no takers. After 4 months, Boundary quit. Monday, it returned at
$1.759m. That's a sudden cut of
$721k/-29%. We're going to take that as a sign that someone finally told the sellers they were delusional.
Next, an MB-adjacent Hermosa premium property: 3410 Hermosa Ave., a bit of a landmark home if you know North Hermosa, on a big 5,000+ sq. ft. lot, started quite near $8m (
$7.9m) in mid-August.
All of a sudden:
POOF! went $3m. It's now at
$4.995m.
Startling. But as it turns out, the discount is not, in fact, a sudden correction of 37%. The difference is that now you don't get the basketball court (or the adjoining lot).
At least this makes the home more, achem, affordable.
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UPDATE: The original version of this story did not account for the change in land offered with 3410 Hermosa. We'll stick to MB.
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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 30th, 2023 at 9:47am 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.
