2107 Grant Ave Unit C Sold for $71,000 over the MLS List Price
Patty Farnham of the Ellis Posner Group @ Pier to Pier Brokers sold this sunny and bright rear unit Redondo Beach Townhome for $820,000 after it was listed for $749,000.
We received 8 offers and were truly astounded at the very positive market reaction and the up bidding. We had committed to the sellers that we would sell this listing for the highest possible price and we certainly outperformed the comps.
Important point I want to make for anyone thinking of selling and interviewing Realtors. The real metric should not be how much over the list price ($71K) the property sold for but how it did compared to other comparable sales. Too many people are getting hung up with how much over the asking price something sold for. That doesn't really tell the true story though because if agents price way below the market then yes their listings will sell for crazy amounts over the asking price. That doesn't mean the agent got the highest priced though or didn't leave your money on the table.
In this case we crushed the competition. By that I mean that similar units sold for closer to our initial list price and some newer, larger properties are lingering on the market listed for less than what we sold this listing for.
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Here's our MLS description:
"This townhome features a unique layout with no common living walls, which is rare in units like this. The open great room has high vaulted ceilings with gorgeous wood beam accents, a cozy fireplace and lots of natural light flooding in through the arch windows above the French doors leading to the outdoor entertaining area. And you can make a quick stop at the wet bar before your head outside with your guests. There's an updated kitchen with custom cabinetry and stainless steel appliances. Other updates include new microwave and furnace, custom shutters, re-glazed tub and more. Conveniently located minutes to Starbucks, Trader Joe's, shopping, restaurants, movies, parks, close to Birney Elementary and a quick ride to some of the best beaches in LA. Easy freeway access, 20 minutes to LAX, and in a top ranked school district. Check out the 3D Virtual Tour and then put this one on your list to see because you will want to make it your new home to live, love, and enjoy the Beach Cities lifestyle. Three bedrooms, two baths and no common living walls."