If you track the market sometimes by checking in with Redfin's MB neighborhood page –
you do, right? – then you may have caught something odd this week.
A Hermosa listing (right on the border with MB) at
215 Longfellow popped up under the "Price Reduced" tab with this curious fact.
It was "news" that the price had…
If you track the market sometimes by checking in with
Redfin's MB neighborhood page –
you do, right? – then you may have caught something odd this week.
A Hermosa listing (right on the border with MB) at
215 Longfellow popped up under the "Price Reduced" tab with this curious fact.
It was "news" that the price had been "reduced" to
$999,000, but the original/start price, listed right there on the page, was $999,000.
Were there pennies involved somewhere that had been shaved off?Nope, it turns out they had flirted with the old price-increase tactic.
The listing has appeared in parts of 2008, 2009 and 2010, at list prices starting at
$1.299m but declining, gradually, to $999k when it rebooted – after a long break – in early November last year.
In mid-January this year, the price
jumped $50k to $1.049m.
That didn't work, and here we are, back again, at $999k. Redfin's robots viewed it as news; we were a bit more skeptical and looked deeper. (Take that,
Watson.)
The home last traded in March 2007, in inferior condition, for
$985k. It's been upgraded since then, but the market downshifted.
Whatever the home's charms, it's still hard to roll with the listing's description of an "exceptional location." You have to decide what's important to you, but here are the things that occur in pairs nearby:
- Exercise studios
- Divey Mexican restaurants (one's right next door)
- Liquor vendors (one w/ groceries)
- Fairly busy neighborhood streets
Those don't seem like negatives to you? Have we got a deal on Longfellow for you, fellow.
Demerit: Both the 2006 listing and the current listing include an unfortunate punctuation error, when they each call the home "
Beach Living at it's best." Folks, it's not it's.Bonus fact: At least one of those divey Mexican joints is an absolute find.
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 19th, 2024 at 2:25am 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.