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Filed underMira Costa Section

November Lowest $ Manhattan Beach Home Sale

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1801 5th Street finally sold for $570,000 in November. This 2-bedroom, 1-bath single family home (812 square-feet) is on a 3,825 square-foot half lot. It was listed as a short sale for $699,000 in October 2010. The bank foreclosed in June of this year and it just sold as an REO property in “as-is” condition. This home was reviewed by Best Manhattan Beach Homes in November 2010, when it had an open house.

March Lowest $ Manhattan Beach Home Sale

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1768 Gates Ave. was the lowest-priced, closed sale of a single family home in Manhattan Beach during the month of March. It is located on a 6,150 square-foot lot in the Mira Costa Section. The 3-bedroom/2-bath home is 1,184 square feet and was built in 1953.

 

The picture on the left shows the home when it last sold in 2003 for $679,000.  During the “home as a piggy bank” years the home was refinanced, most recently for $981,750 in 2006. By November 2008 the homeowner was in default and the home was offered as a short sale for $799,900. The bank assumed ownership in March 2010 and listed it for sale in August 2010. This home sold for $670,000 cash during March.