Two homes sell $100K over asking on Dewey in Mar Vista!

Check out these two recent sales on Dewey. The Westide is on fire and don’t be surprised if Mar Vista is up over 20% by the end of the year.  We have seen a significant jump in the past three months as buyers desperate for properties are doing whatever they can to get a foot in the door…especially for a home in excellent condition.

12673 Dewey St– Being located right next to the Santa Monica Airport didn’t phase buyers looking for a modern architectural that was recently completed.  The 1,900 sq. ft. home (2,400 if you include the finished garage that is used for living purposes) received over 6 offers and sold for $1.425M, which is $130K over the list price of $1.295M .According to public records the house sold for $580K in February before being reconstructed in its current condition.

The house had a strong emotional appeal for someone seeking an architectural style home but with only a 5,483 sq. ft. lot the back-yard is tiny and backs up to a public walk-way. The neigbors must be estatic with this sale at $736 a sq. ft and yet another example of how quickly the market has changed.

12114 Dewey St- This custom architectural created quite a buzz. Located in the Mar Vista Elementary school district, young families were clamoring over this 3 bed/3 bath, 2,187 sq. ft. home on a 5,850 sq. ft. lot. Rumor has it they received over 12 offers at the $1.397M list price. The property ended up selling for $1.501M with a 30 day escrow period.  This home has a higher quality feel compared to 12673 Dewey and the kitchen and master bedroom areas are more spacious.

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