Thursday, September 06, 2007

Carpenter School Discrict blah blah blah

4063 LAUREL GROVE AVENUE, Studio City, CA 91604
(MLS # F1733064)

No photo yet, but the listing description really says it all:

"Cosmetic fixer in carpenter school district. 2 bedrooms + 1 bath. Hardwood floors. Fireplace in living room, formal dining room. Nice yard."

For some reason, Zillow can't find the property in search, but I was able to hunt and peck it out. The Zestimate is $783,565. The current owner paid $605k back in 2004 for this 1,056 sq. ft. house. And what price does Mr. or Ms. Laurel Grove expect to receive today? $839k. That's right, they want $239k for sitting on this cosmetic fixer for three years. Through the magic of the Internet, I hope that we will all watch the weeks go by and the price drop, drop, drop.

Also, I am so tired of hearing "Carpenter School District." Last I heard, there are way more kids in the district that there are seats in the school so it's a lottery system. Feel free to correct me if I am wrong about Carpenter -- but if I am not, I really think they should put a disclaimer if they want to advertise the school district.


Ace said...

I am not sure about the lottery system but I have spent a lot of time researching grade schools in the Valley. Carpenter is the only school that posts acceptable scores in math and English. It is scary how bad the public schools are around here. Colfax does a good job through 3rd grade. Then the scores drop off the charts for some crazy reason.

My wife is very insistent that we buy in the carpenter district or send the kids to private school. If anyone has any info on the lottery system, I would be very grateful.

Anonymous said...

Forget the lottery, move to South Pasadena

allsouledout said...

I enjoy reading parts of your blog - particularly when you "mock" the language being used by some agents in the MLS listings. I understand their need to be creative, but how many ways can you try to hide the emperor's nakedness? And don't even get me started on their inability to spell ...

However, I don't understand your fixation with Zillow's estimates. I think the site provides some good info, and to be honest, I haven't fully researched their algorithms, but I would venture to guess that in a rapidly falling market, for properties that have turned over in the last 5 or so years during the run-up in prices, their estimates will always be artificially high. Opposite would hold true if/when we come out of a significant bottom in housing.

Good luck on your search - and I agree with someone who commented on one of your posts on the LA Land blog - don't hesitate to throw in 30-50% discount offers on a place if you really like it - who knows what a seller might do???

Kate said...


I think Zillow has done an amazing job of bringing information to the people. And they were there virtually first.

Yes, certain things throw off their algorithm ... and in a declining market the estimates aren't keeping pace as fast as I would like but that doesn't mean they are way off either.

But what it comes down to is that I think some kind of a measuring stick is handy and Zillow is the best one I've found.

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