Monday, September 24, 2007

It's baaaaaack! (On Ben Ave.)

Y'all remember that house at 4555 Ben Ave.? (Click link for prior post). It last sold on 7/28/06 for $650k. The owner (who is himself a Realtor) did what looked like a lot of work: new kitchen, new roof, new electrical panel, new bath. He listed the house in October and it sat on the market for about a year priced at $749k. Finally, it went inactive but no sale was recorded.

Well, today, it's listed for $685k (MLS # F1735887). That may cover purchase price and repairs but unless he paid all cash, he's lost a year of carrying costs. Not to mention the 2.5% commission to the buyer's agent. Not exactly a good investment, eh?

BTW, $685k would've been a great price 6 months ago. But today? It should've been priced at $650k. IMHO.

4 comments:

Anonymous said...

kate, i pink puffy heart you.
are you going to the bubble blogger meetup? i guess bubble blogging's not *technically* your genre, but sure would be great to have you there.

details and rsvp list: http://recomments.blogspot.com/2007/09/blogger-party-its-happening.html

~lorna

Kate said...

Hi Lorna:

The link you provide doesn't go anywhere... can you give a new one?

If it's a local event I'd definitely consider going. At the same time, I fear being clubbed by a Realtor from behind. Decisions, decisions.

:-)

Anonymous said...

safety in numbers! besides, on a sunday afternoon, i figure they'll all be moping around after another lonely open house.

here's the details:

Cheesecake Factory
605 N Harbor Dr
Redondo Beach, CA 90277

When: 6pm on 9/30/2007 (Sunday).

sorry the link didn't work, if you go to recomments.blogspot.com hopefully you can see the details and rsvp (but whatever, just come if that doesn't work).

~lorna

Kate said...

Oh no! I have a birthday party at that time! I need a raincheck.