Mid-century modern-day Bay Place property sells for $1 million above inquiring

Photo of Katie Dowd

A house in El Cerrito marketed for more than $1 million over asking in April 2022. 

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An El Cerrito residence has bought for an eye-popping $1 million-plus over its $1.295 million listing cost. The profitable bid was an all-hard cash provide, KPIX reviews.

The three-bedroom, two-lavatory mid-century contemporary household was crafted in 1963 and features wrap-all around decks obtainable by sliding doors from the kitchen, living home and owner’s suite. “Showcasing beautiful wood accents throughout, this charming property has been upgraded with twin pane home windows, radiant heat and insulated roofing,” the Compass listing reads

The household, which strike the market in April, lasted a mere 10 times prior to a sale was pending. Listing agent Kevin Tannahill instructed KPIX the house acquired 11 gives, all at minimum $200,000 about inquiring. The entrepreneurs accepted the provide that was $1.155 million in excess of inquiring, placing the last sale at $2.45 million.

“It was a mid-century contemporary. The mid-century present day has a next close to the Bay Place,” Tannahill told KPIX. “It was a special property, which is what drove the rate up.”

Assets records show the property final marketed for $818,000 in December 2013.

The massive overbid places the household perfectly more than the normal house benefit for El Cerrito. In accordance to Zillow, the common property price tag for the East Bay metropolis is $1,143,096, an improve of 7% year over 12 months.