This one sold for $2000 sq. ft….and $600,000 more than it sold for last year! 7 Day Market Update and Weekend Open House List- Hermosa Beach

UPDATE_HEADER
3 New Listings (click to see)
5 In Escrow (click to see)
6 Closed Sales (click to see)

55 Active Listings in Hermosa Beach
SFR- 39
TWNHS- 12
CONDOS- 4

Actives by Hermosa Areas:
Sand Section: 36 Active listings
Valley Section: 8 Active listings
East Hermosa: 11 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 LISTING

1946 Ava Ave Listed for $1,599,000 2 bed/2 bath
1946
This is a single family home located 1 street east of the greenbelt. The property recently sold a year ago in the beginning of 2015 for $1,400,000.

535 Hollowell Listed for $2,499,000 5 bed/4 bath
535
This Coastal Cape Cod single family 2016 build, just hit the market. The dirt was purchased for $800,000 in 2014.

906 3rd St Listed for $1,149,000 2 bed/2.5 bath
906
This single family home is located about 9 properties east of PCH. It last sold in 2010 for $800K. It seems to be priced well.
Here are some other similar criteria sales in the last 6 months:
906 screen shot
IN ESCROW
1216 3rd Listed for $1,598,000 3 bed/2 bath
1216
After only 17 days…a deal has been made. This single family home has the vintage Hermosa Beach character and is located a few lots west of Prospect. It also has a saltwater pool, which you don’t often see in Hermosa Beach.

432 Ocean View Listed for $1,499,000 3 bed/3 bath
432
This property first hit the market in March and after being withdrawn then put back on the market. It’s a detached townhome 1 block east of PCH. This one last sold in 2002 for $725K. We sold 434 Ocean View (same property type) at the end of 2014 for $1,150,000. That’s a solid increase for 432 Ocean View.

1514 Silver St Listed for $950,000 1 bed/1 bath
1514
After 3 ½ months, this little cottage located east of PCH right on the Redondo border (Harper) has a buyer. It has been in and out of escrow prior to this current escrow. The home was built in 1931 and is likely a dirt/build acquisition. This property last sold in 2013 for $570K.
Under $1M Sales
230 34th Listed for $5,350,000 4 bed/3.5 bath
230
This home was built in 2015 and sold for $4,750,000. Now it’s back in escrow a year later for almost $2000 per sq. ft. It’s a unique property with a lot of open space, light, glass and ocean views.

2468 Silverstrand Ave Listed for $1,999,000 4 bed/3 bath
2468
After a few months and a price reduction, this home found a buyer. This triplex has two, 1bed/1bath units with another 2 bed/1 bath unit above it. Although it likely does not pencil as a great income investment, the land and location give it its value. This property last sold in 2004 for $1,362,500. (Picture above is conceptual design/rendering). The lot has a funky triangle shape (62 X 76 X 96 feet), which is part of the challenge when building a new structure. It didn’t stop these buyers.

CLOSED
717 24th St Sold for $4,570,000 4 bed/4.5 bath
717
This property hit the market last December for $5,350,000 however didn’t sell. It last sold in 2008 for $889K. Once a 3 bed, 2 bath 1300 sq ft home, it is now a 4 bed, 4.5 bath, 5167 sq foot home…with ocean views.

1850 Manhattan Ave Sold for $4,949,000 4 bed/4.5 bath
1858
Sold for $551K below the initial asking price! This 2003 single-family house has massive ocean views. The property last sold in 2003 for $3.2M and was on the market in 2011 for $4M before the listing was cancelled. It is an oversized sand-section lot (4558) with a sizable backyard for this area.

733 21st St Sold for $1,725,000 3 bed/3.5 bath
733
This property sold for $74K below the initial asking price after just a month. This attached townhome is just west of PCH and has panoramic ocean views from the rooftop deck. This home last sold for $1,075,000 in 2009.
This property just closed on 8.8.16 in the same complex.
733 screen shot
1919 Springfield Av Sold for $1,742,500 3 bed/3.5 bath
1919
Sold for $107K below the listing price after a month. This is a single family home located slightly west of PCH and east of the greenbelt. It last sold in 2012 for $1,295,000.
Here are 4 single-family Springfield sales within the last 2 years:
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840 Loma #2 Sold for $1,260,000 3 bed/2.5 bath
840
Sold for $40K below the initial asking price after 5 weeks on the market. This is an attached townhome that is part of a 4-unit complex. Unit #4 sold in March for $1,155,000. Unit #3 was on the market this year for a month at $1,099,000…however didn’t sell.

940 15th St Sold for $1,500,000 3 bed/3 bath
940
This one just closed for $50K below the asking price after 22 days on the market. It’s a single-family home on an R2 zoned lot.

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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