The Bienstock Group recently sold a newly remodeled two story Spanish colonial character house at 1025 S Sierra Bonita Ave just south of Olympic Blvd in Miracle Mile. The owners did an expert job preserving the elements of character in the house, like the wood beams in the living room, the original stained glass in the entry, and the circular staircase to the second floor. They updated the floor plan and made it more modern by introducing an open dining room perfect for entertaining, a desk area and built-in breakfast nook off the kitchen, and a luxurious master suite with a white marble shower, freestanding tub, double sinks, and walk in closet. The kitchen and all the baths are brand new.
Miracle Mile Recent Home Sale: Great House Sold – Multiple Offers and Sold in One Week
After purchasing the home for $1,250,000 and completing a full remodel, this 2,781 square foot on a 7,433 square foot lot, with 5 beds and 4 baths sold within one week. Not only did it sell within one week, but it received multiple offers as well. In the end, this amazing home sold for $141,000 over the asking price. It sold for $2,100,000 a record price for the street and the area!!!!
Desirable Miracle Mile Location
This Miracle Mile area is undergoing a surge in interest because of the new Metro subway line being built along Wilshire Blvd with a subway station nearby at La Brea and at Fairfax. With Los Angeles traffic being at its worst, people are seeing the value of being in close proximity to public transportation that can move them throughout the city efficiently. This increased interest in Miracle Mile is evident in the multiple offers for 1025 S Sierra Bonita Ave and ultimately its final sale price being $141,000 over the asking price.
At the Bienstock Group We Love What We Do, which is selling houses for top top dollar. We sold $97M in 2016. So far in 2017 we closed 46 transaction, year-to-date closed volume of $72M, we have $6M in escrow and we have $11M in active homes for sale.