Total Transformation, Quick Sale

By Dave Fratello | August 28th, 2018

1016 John Street Manhattan Beach CAThere was barely time to roll out the marketing plan for 1016 John.

It sold too quickly.

Of course, that's a good problem to have.

Now that this custom, designer Hill Section remodel (5br/4ba, 3075 sqft.) has closed - for full price, $4.189M - it's worth taking another look back at the accomplishment.

Going back a couple of years, the original home sported a 1964 build date and, from the outside, had echoes of the Brady Bunch house that's been in the news recently.

Inside, of course, it was dated, but it also had a floorplan that was, er, unusual. As we said back in early 2016 after touring:

"[The home] feels almost like two 60s ranch houses stacked on top of one another. The top floor offers 3br, kitchen, and other living spaces, then you also find more bedrooms and an oversize den with wet bar downstairs, opening to the backyard."

Alas, there was opportunity in that house. The 2016 listing said so: "Good size property in original condition that one can turn into a showplace of modern elegance."

Guess what the buyer did to it?

Turned it into a "showplace of modern elegance!"

1016 John Street Manhattan Beach CAIn this case, it was a project of a noted local designer, and a head-to-toe remodel that completely changed the floorplan, reimagining the house within the 4 walls of the original structure.

The final product features principal living spaces upstairs along with the master suite and an office/bonus room, with additional bedrooms and a family room downstairs opening to the yard.

The incredible attention to detail and style made the finished product a "must have," and it sold right away.

A mid-July listing? No worries.

A $1,350+/PSF asking price in a location without a view? Not a concern.

Almost $4.2M for just under 3100 sqft.? No stress.

Make it special. Make it a "showplace of modern elegance." They will come. 1016 John proves that.

We looked at some data and found just 14 sales in the Hill Section in the past 18 months with higher prices per square foot.

Of those 14, half (7) were lot sales, where the PPSF is often screwy, because the value's in the land. The remaining 7 sales included home prices of $7.100M, $9.400M (twice), $12.850M and $20.000M.

The point here is that a very special, emotional, ready-to-go designer home can merit top dollar.

Below, enjoy some before-and-after shots. There aren't too many "befores" that are right on point, so this is mostly about enjoying the "afters."

There are 53 photos in the sold listing online. Check them out there. Remember to click "Show All Photos" above the first image to see all of the photos in one scrolling page. Enjoy.

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