Monday, September 10, 2007

Drop it likes it's hot! (On Magnolia)

14030 MAGNOLIA BOULEVARD, Sherman Oaks, CA 91423
( MLS #: F1718339)


Last Sale: 05/22/06 at $840k
Zestimate $894,030
Bedrooms: 3
Baths: 2
Square Feet: 1,732
Lot Size: 5,970 Sq. Ft.
Year Built: 1956
Listing Date: 06/05/07
Price Reduced: 07/18/07 -- $699k to $675k
Price Reduced: 08/17/07 -- $675k to $625k
Price Reduced: 09/01/07 -- $625k to $599k

Year over year loss: $241, 000
or 28.69% (assuming sale at current list; not including transaction or carrying costs and improvements, if any)


Just up the road:

14335 MAGNOLIA BOULEVARD, Sherman Oaks, CA 91423
(MLS #F1721525)

Bedrooms: 3
Baths: 2
Square Feet: 1,345
Lot Size: 3,794 Sq. Ft.
Year Built: 1947
Listing Date: 06/26/07
List Price: $615k
Last Sale: 10/05/06 at $665k
Zestimate $724,835

Year over year loss: $50k or 7.52% (assuming sale at current list; not including transaction or carrying costs and improvements, if any)

2 comments:

Anonymous said...

Kate, this could be someone who was relocated out of LA for a new job, and their company is paying for the loss.

Kate said...

That would certainly be nice for this seller.