Mid-century modern day Bay Region dwelling sells for $1 million over asking

Photo of Katie Dowd

A property in El Cerrito offered for about $1 million more than asking in April 2022. 

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An El Cerrito house has bought for an eye-popping $1 million-furthermore over its $1.295 million listing cost. The successful bid was an all-cash offer, KPIX experiences.

The three-bed room, two-bathroom mid-century modern-day household was crafted in 1963 and features wrap-close to decks accessible by sliding doors from the kitchen area, dwelling space and owner’s suite. “Showcasing beautiful wooden accents throughout, this beautiful dwelling has been upgraded with twin pane windows, radiant heat and insulated roofing,” the Compass listing reads

The home, which strike the market in April, lasted a mere 10 times in advance of a sale was pending. Listing agent Kevin Tannahill advised KPIX the property been given 11 presents, all at the very least $200,000 over inquiring. The homeowners acknowledged the offer you that was $1.155 million over inquiring, putting the closing sale at $2.45 million.

“It was a mid-century present day. The mid-century contemporary has a adhering to all around the Bay Space,” Tannahill explained to KPIX. “It was a unique home, which is what drove the selling price up.”

Home records show the dwelling previous marketed for $818,000 in December 2013.

The large overbid places the household properly about the common home benefit for El Cerrito. According to Zillow, the typical home value for the East Bay city is $1,143,096, an increase of 7% calendar year in excess of calendar year.