Lots of resales within 1-year happening here in Hermosa…one for a $500,000 gain? 7 Day Market Update and Weekend Open House List- Hermosa Beach

UPDATE_HEADER
8/26/16
2 New Listings (click to see)
6 In Escrow (click to see)
4 Closed Sales (click to see)

54 Active Listings in Hermosa Beach
SFR- 38
TWNHS- 12
CONDOS- 4

Actives by Hermosa Areas:
Sand Section: 36 Active listings
Valley Section: 8 Active listings
East Hermosa: 10 Active listings
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This is a market snapshot of Hermosa Beach Real Estate over the last 7 days. We are not presenting these properties as our listings. Click the IDX link above to see the recent Active, Pending and Closed properties in HB.

NEW ACTIVE
61 6th Listed for $4,150,000 5 bed/4 bath
61
This is a Walkstreet duplex located on 6th and Hermosa Ave., 7 properties from The Strand. 47 6th St (See closed section of this update) just sold for $3.2M, however the lot size is smaller (2850 lot sq. ft. vs. 5146 sq. ft. for 61 6th).

345 29th Listed for $3,199,000 4 bed/4.5 bath
345
This single family home was built in 1999 and is located just up the hill from the beach. The property last sold in 2004 for $1,575,000.

IN ESCROW
132 28th St Listed for $4,500,000 4 bed/4.5 bath
132
I love this home….however it took some time to find a buyer. After a $500K price reduction and 3 ½ months on the market, it is in escrow. It’s located steps from the Strand and beach in northern Hermosa and has enjoyable ocean views. It was built in 2008 and last sold in 2009 for $2.9M.

1707 PCH #324 Listed for $550,000 2 bed/2 bath
1707
It took just under a month for this property to find its buyer. This unit last sold in 1976 for $37,500. Can you even imagine that price?

557 3rd Listed for $2,199,000 4 bed/3.5 bath
557
After 3 weeks and a $100K price reduction, this home is in escrow. It was built 2 years ago. The lot was purchased for $600K in 2012.

207 29th Listed for $2,795,000 4 bed/3 bath
207
After only 20 days, this one has a buyer. 207 29th is a special property and I’m not surprised to see that it is in escrow already. This one is a true coastal beach house that combines the flavor of Nantucket, the Cape and the amazing Hermosa Beach character that is slowly dissipating.

1868 Valley Park Listed for $3,749,000 7 bed/5 bath
1868
This is a massive 7-bed, 5-bath house slightly west of the greenbelt. It’s been on and off the market since September 2015, and now it has a buyer now. The property last sold in 2009 for $2.3M….as a short sale.

1845 Hillcrest Listed for $1,299,000 4 bed/2 bath
1845
This single family home is located east of PCH. After 2 ½ months and a $96K price reduction, it has a buyer

CLOSED
230 34th Sold for $5,250,000 4 bed/3.5 bath
230
This home sold for $100K below the initial off-market asking price. It was built in 2015 and sold for $4,750,000 then. Wow…that’s a $500K increase in 1 year. It’s a unique property with a lot of open space, light, and glass and ocean views. This type of property appeals to a lot of people that can afford to spend $5M on a home.

47 6th Sold for $3,200,000 5 bed/3 bath
447
It closed sale this time for $150K below the initial asking price after it sold only 4 months ago for $3,150,000 (looks like the buyers changed their minds). It also sold in 2015 for $2.6M. Not a lot of properties come up on the walk streets here in Hermosa.

617 Longfellow Sold for $1,800,000 4 bed/2 bath
617
Another Longfellow property sold! This is a duplex about 5 properties east of the greenbelt. The property last sold in 2010 for $980K. There are 6 townhomes being built sitting on 3 different lots to the west. They were 3 different duplexes prior to the new construction.
The dirt was sold for:
$1,650,000 605 Longfellow Sold in 2014
$1,625,000 609 Longfellow Sold in 2014
$1,625,000 613 Longfellow Sold in 2014
$1,710,000 601 Longfellow Sold in 2014 (sold across the street)

2150 Monterey Sold for $2,900,000 4 bed/3 bath
2150
It took about 3 months and a $300K price adjustment for this one to sell. It’s a duplex (two 2-bedroom units) listed as a single family home. It was built in 1920 and has income potential from the rear unit above the garage. It last sold in 2008 for $1,855,000. This one is all about location and the potential views.

2411 Prospect #109 Sold for $425,000 1 bed/1 bath
2411
After only a month, this 1bed/1bath unit sold. The unit sold last year for $415K. 2411 Prospect is a 64-unit building that has had over 20 sales since the beginning of 2013. We have written about this complex numerous times since our blog inception.

If you have any questions about the previous properties or any other properties here in Hermosa Beach or the South Bay area, please call or text me direct at 310-613-1690 or email me at dronp@aol.com.
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