Thursday, August 30, 2007

What?! You don't want to build your McMansions?!

14040 MILBANK STREET, Sherman Oaks, CA 91423
(F1732077)

The MLS description reads:

"The proposed development site is approved for a 3 lot subdivision. This subdivision has 3 lots proposed for zero lot line sfd. The sfd will share no common walls & are all seperate [sic]. Each sfd is proposed to be approx. 2,500 sqft. The proposed developments will have a reduced setback & small front and rear yards. Room for infinite [sic] pools." (emphasis supplied).

The price? $999k. Zestimate $661,564 The prior sale? $402k in June '03.

Why do you think the seller decided not to build his three McMansions with "zero lot lines," "reduced setback" and "small front and rear yards"? Could it be that people just aren't buying McMansions anymore?

Lord. I hope so.

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