Case Study: Glyndon Ave — Small Home, Big Demand in Venice
1507 Glyndon Ave had more than one possible buyer story. For a first-time buyer, it was a charming single-family alternative to a condo. For a developer, it was a lot in a Venice pocket seeing larger new homes rise around it. The strategy needed to speak to both.
Property Detail Context
Set in a quieter pocket of Venice east of Lincoln, the home offered 2 bedrooms, 1 bathroom, a nicely updated kitchen, and a sun-filled backyard. It had the warmth and simplicity of a starter home, with the lot value and neighborhood context that could also attract builders.
Challenge
The property was a smaller home in a neighborhood that has been transitioning toward newer, larger homes. The challenge was to market it as both a livable opportunity for first-time homebuyers and a compelling lot for developers, while keeping prep costs measured in case the buyer ultimately planned to rebuild.
Seller Detail Context
The property was held by an investor, so the team was thoughtful about balancing presentation with return. Every prep decision had to support marketability without creating unnecessary spend.
Solution
The team kept the preparation smart and focused. The home received a deep clean and fresh interior paint, while the recently updated kitchen and bathroom were allowed to shine. Rather than over-improving, the strategy was to present the property as fresh, bright, and approachable for buyers seeking a condo alternative, while still preserving the upside for a developer.
Results
The team received 4 offers and sold the property over list price.
The response began before the MLS launch. The team tested a higher price off-market and received 2 offers within 8 hours, which made it clear that the MLS timeline should move up to maximize exposure. After one weekend of open houses, 2 more offers came in. All 4 were countered for highest and best terms.
Elle Davidson
Lead Listing Agent For The Sale
When one of my parents passed away, we were tasked with selling their home. We used a referral service to identify 3 top performing realtors in our zip code. After interviewing all 3 it was clear to us which one understood our concerns, had experience with estates and trusts and had the available resources to help us clear and prepare the house for sale. Elle Davidson of Pardee Properties presented us with a comprehensive marketing plan and then guided us through every step from clean out and repairs through staging and the sale/closing. She has numerous resources who were able to assist at every turn. In addition to her professionalism and expertise, Elle made herself available to us for emotional support and reassurance during a challenging and emotional time in our lives. We are so grateful for the work she did to ensure that my parents’ home of 50 years was handled professionally and respectfully from our initial meeting through closing of the sale.
- Review via Zillow
