|Ellis Posner Golden Hills Listing on Dixon St|
I recently listed 1748 Dixon St for sale. It is your standard Tall & Skinny 3 bedroom 2.5 bath reverse floorplan house built in 1984 with 2 bedrooms downstairs and the master bedroom, living room, dining room and kitchen upstairs. As you can see from the picture to the left, this house has very high vaulted ceilings with the wood in its original condition. The property faces west and has a great open feel with a little but of a neighborhood view (and sunsets). Its not that far from the beach, Manhattan Beach adjacent (location, location, location) and is close enough to Artesia Blvd to take advantage of some extra parking but not close enough for the traffic and noise to really be a factor. Cute, typical Golden Hills Cape Cod curb appeal and all in all a nice property. I listed it for $879K and an offer was accepted over $900K. And it appraised (no simple feat these days). I'm speaking with some other homeowners in the area and the next similar property I list most likely will be at $929,000 or higher if it is newer. And I'm guessing that one will sell for over that amount as well because there is currently huge pent up demand for homes in the Golden Hills.
Here's some examples of what's going on.
1732 Wollacott Lane was listed for $979,000 about a week before my Dixon listing. From the outside it looks very similar. Wollacott is a few blocks east from Dixon and this house is a a little further into the community. Same floor plan (with one difference), built in 1986 and from the exterior it looks very similar with a Cape Cod elevation. Most likely even the same builder as far as I can tell.
|Golden Hills Tall and Skinny SFR with View|
As best as I can tell, that property had over a dozen offers and is selling for close to $1.1M cash. So that becomes the new "norm" once it records. But why wait for anything to record when we can still run the prices up.
Speaking of Casner built homes, it looks like there are 4 new ones that are almost completed on Reed St. They do seem larger than the typical footprint and a few on oversized lots. I'm expecting prices may hit the mid $1 millions.
Here's some Golden Hills sales data you may find interesting.