30 offers for 11820 Stanwood in Palms/Mar Vista
That’s right, 30 offers were submitted for this 1,467 sq. ft. property situated on a 9,088 sq. ft. lot. The list price of $699K was about $50,000 lower than market value and the tactic of auctioning it off ended up working well with sources close to the situation saying it went to an all cash buyer for $810K!
Will see if it stays in escrow. The charming home is nice but is a remodel candidate and was hugely popular due to the lot size and prime Mar Vista location.
By John Skinner
