551 3rd Street – How Hot Can this Market Get?

By Keith Kyle551 3rd Street Hermosa Beach

All indicators point towards this crazy market remaining crazy.  It’s great for sellers and pretty awful for buyers….or more correctly in most cases….those wishing that they were buyers.

The recent sale at 551 3rd in Hermosa Beach paints a pretty clear picture.  The home had multiple offers and sold a whopping $246,000 over asking price.  While the home was nice, it wasn’t spectaclar and while the location was west of Ardmore it was still east of Valley.  The response was incredible with the home selling immediately and well above the initial expected price.  View our sales page to see all of the homes recently sold in Hermosa Beach CA.

Status: Closed Sale
ML#:   SB15013926 
APN:   4188026005 
Orig. List Price:   $1,099,000 
Price Per Sqft:   $873.94 
County:   Los Angeles 
Property Type:   Single Family Residence (D) 
Bedrooms:   3 
Bath(F,T,H,Q):  2,0,0,0 
Sqft (Src):   1,539 (Assessor’s Data) 
LotSqft:   2,506