If you know what's perennially pleasing to Tree Section buyers, then there's only one question about 1417 Elm.
Six years ago, the then-owners tried, but could not sell it.
Why not?
It's artfully done. A close walk to school on a nice block. A familiar floorplan.
In 2011, priced at $2.099M and then down…
If you know what's perennially pleasing to Tree Section buyers, then there's only one question about 1417 Elm.
Six years ago, the then-owners tried, but could not sell it.
Why not?
It's artfully done. A close walk to school on a nice block. A familiar floorplan.
In 2011, priced at $2.099M and then down to $2.049M, they couldn't make a deal. Three months came and went, and the listing simply shut down. They rented out the house instead of selling.
Was the community of potential buyers still too bruised and battered and skeptical way-back-when, unsure about values, unsure where the market was going? Were people unsure whether to believe that restaurants like the then-fledgling MB Post were really going to be a part of a true downtown transformation that would help lift Manhattan Beach to another level of desirability?
Whatever people were thinking back then, whatever held them back, they missed a good one.
You know who didn't miss it? The current owners. They swept in and bought it off-market in late 2012.
They actually paid more a year-plus after the failed listing: $2.149M.
That was still a good decision. The market had only begun to rise.
And the market rose consistently from the moment of their late-2012 acquisition pretty much through today.
Now the owners, newly sellers, will try to capture that appreciation. The start price: $2.995M.
That's for a 5br/5ba, 3000 sqft. home referred to in the listing as a "high end Nantucket styled home" that "radiates great execution." Perhaps the only qualification here is that the lot size (4200 sqft.) is a bit smaller than most Tree Section lots, and the total home size and backyard are proportionally smaller as a result.
Still, they'll do well. They can't help but do so. Because they didn't miss it.
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 November 30th, 2023 at 3:31pm PST. 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.
