Mid-century modern Bay Area home sells for $1 million over asking

The home, which hit the market in April, lasted a mere 10 days before a sale was pending. Listing agent Kevin Tannahill told KPIX the home received 11 offers, all at least $200,000 over asking. The owners accepted the offer that was $1.155 million over asking, putting the final sale at $2.45 million.

“It was a mid-century modern. The mid-century modern has a following around the Bay Area,” Tannahill told KPIX. “It was a unique home, which is what drove the price up.”

Property records show the home last sold for $818,000 in December 2013.

The big overbid puts the house well over the typical home value for El Cerrito. According to Zillow, the average home price for the East Bay city is $1,143,096, an increase of 7% year over year. 

Article source: https://www.sfgate.com/realestate/article/Bay-Area-home-sells-for-1-million-over-asking-17174193.php

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