Foreclosure - 1315 11th Street $1,470,000

This bank owned property just hit the market. Based on the condition, we believe it to be over priced. The home was built in 2007 and has 4 bedrooms, 5 baths and is 3,471 sq ft on a 5,000 sq ft lot. By comparison, 1305 11th St just sold (private sale - off MLS) for $1,530,000. That home was in excellent condition, 5 bedrooms and larger. Apparently, some of the asset managers have reverting to the belief that buyers will suspend logic when the see REO in front of a listing. To search for foreclosures in Manhattan Beach: tinyurl.com/search4closures.

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