Friday, October 19, 2007

Are you effing kidding me? ARE YOU?!

4016 WOODMAN CANYON, Sherman Oaks
MLS #F1734470


Price Reduced: 12/06/07 -- $799k to $759k ( down 10.60 from original list)

Bedrooms: 2
Baths: 1
Square Feet: 864
Lot Size: 4,950 Sq. Ft.
Year Built: 1942
Listing Date: 09/13/07

The listing description is, well, how many ways can you say "ridiculous"? Here it is:

"At last an affordable house in a highly desirable area."

So, what is "affordable"? "At last"? I hope you are sitting down. $982 per square foot! Uh-huh. That's right. Oh sure, they've reduced.

Price reduced: 10/10/07 -- $849kto $829k
Price Reduced: 10/19/07 -- $829kto $799k (5.89% down)

Now it's a low low $924/sq.ft. And what does Zillow have to say about this? $582,711 Which is still $674 a sq. ft. but it would probably sell at that price.

I really want to fill the rest of this entry with expletives. But, you know, this is a family blog.


Anonymous said...

Ill give them their Jan '03 Zestimate of $191k, which is all this house will be worth in 2013.

Tyrone said...

Hmmmm... that tree looks dangerously close the house. I'd recommend removing it. That would have to be a part of the purchase agreement. And after it's removed, it needs to be milled into lumber and then used to add on 3 bedrooms, 1.5 baths, and enlarge the kitchen.

Anonymous said...

You may want to check out Leo Nordine's site of reos. He is getting more in the valley with significant price reductions. Good luck.

l.a. guy said...

Apparently they didn't get the memo.

I assume they're still under the illusion (delusion?) that someone will buy it as a tear down and erect a 4,000 sq ft $2 Million dollar house on the 4,950 sq ft lot.

Not gonna happen. 865 sq ft house, 2 bedrooms? Sounds like my West Hollywood apartment.