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.


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:


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 hopefully you can see the details and rsvp (but whatever, just come if that doesn't work).


Kate said...

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