Tuesday, September 11, 2007

Yeah, good luck with that.

Here we have two very very average little houses that the current owners decided to list a mere 12 months after purchasing. Are they willing to take a hit for their mistake of buying a house and holding it for so short a period of time? No! Of course, not! They want you to pay the transaction costs for them. Well, let me be the first one to tell you two hopefuls: "Nope. Sorry. No breaking even for you!"

5327 WILLIS AVENUE, Sherman Oaks, CA 91411
(MLS # S504717)

Bedrooms: 3
Baths: 2
Square Feet: 1,128
Lot Size: 6,751 Sq. Ft.
Year Built: 1950
Listing Date: 09/08/07
List Price: $749k
Last Sale: 09/01/06 at $690k
Zestimate $733,627

5909 JELLICO AVENUE, Encino, CA 91316
(MLS # F1733689)

Bedrooms: 3
Baths: 2
Square Feet: 1,671
Lot Size: 5,619 Sq. Ft.
Year Built: 1949
Listing Date: 09/07/07
List Price: $749.5k
Last Sale: 08/22/06 at $690k
Zestimate $725,987


Anonymous said...

The first one, $664/sq ft for a 57 year old starter house. Unbelievable. In Houston, TX (admittedly not the nation’s garden spot) that thing would sell for $150k in a nice section of town; in a poor section it would list for $75k. Here’s an example of an equivalent 2005 house (asking $110k):


Even working in Anaslime and commuting weekly from TX is far cheaper than taking a bath for life at these prices. Kate, I hope you’re savings these for posterity.

Kate said...

I am totally saving these for posterity!