Hard to believe, is it not, that Santa was just here, rain-mageddon was pelting L.A., and someone was keeping you up late for one more round of "Auld Lang Syne"?
At MBC, we've been busy looking back at 2010, and haven't yet delivered an update on current sales activity. So let's now look at several late-2010,…
Hard to believe, is it not, that Santa was just here, rain-mageddon was pelting L.A., and someone was keeping you up late for one more round of "Auld Lang Syne"?
At MBC, we've been busy looking back at 2010, and haven't yet delivered an update on current sales activity. So let's now look at several late-2010, early-2011 deals that have just been posted.
Double Lots: Both of the double-lot Tree Section homes we mentioned 6 weeks ago in "
Double the Fun?" are in escrow.
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Back Yard at 2912 Pacific |
The first was
2912 Pacific (4br/2ba, 1875 sq. ft.), a one-story, contemporary-styled remodel consuming just part of a large 9300 sq. ft. lot.
Priced at
$1.599m, the home was arguably being offered near lot value, though clearly above. It took about 3 weeks to put the home in escrow. (Status still says "backup offers" are welcome.)
The other is
2600 Pine (4br/2ba, 1550 sq. ft.), priced at
$1.749m and running 3 months before finding a buyer. It's got the same lot size but a house needing a total rehab job. It may work out that the lot gets split in 2 for at least one spec home, but spec development has been mostly absent recently, and that's a big bet, especially if the land cost works out near that start price. One to watch.
Sand Moderns: 2808 Manhattan Ave. (4br/4ba, 3300 sq. ft.) is spectacular new construction that launched in the Summer at
$3.299m and never took a price cut. Big views, a voluptuous, modern build, plus a fairly quiet, out-of-the-way location are all nice assets.
Meantime,
473 31st (4br/5ba, 4000 sq. ft.) up on the plateau is a sharp, custom modern that was new in late 2007. Having sold back then for $2.8m, it launched this past summer for a tad more ($2.925m), but took a battery of cuts, all the way down to
$2.499m before inking a deal right after Christmas.
The home at 31st features an upside-down layout with a master suite MBC called "striking and large, with a spa-like bath and an ample closet room." A sale here could have ramifications for nearby
473 29th, a comparably sized, more conventional home that quit in early December at the same price, if 29th comes back to market in 2011.
One More in the Trees: MBC ran a pricing poll on
2913 Pacific after it launched at
$1.1m in early December. As we said in the story teeing up the poll, the one-story 60s structure (3br/2ba, 1900 sq. ft.) "is no teardown, it's just a bore." (Admittedly we saw it before some staging jazzed it up.)
The buyers weren't the least deterred; within 3 weeks, there was a signature on the dotted line. We'll compare the 2913 Pacific poll results (which we kept but hadn't yet published) with the actual sales figure when the sale closes.
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 5:16am 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.