Some Jack Ass in Toluca Lake wants $810/sq ft for his house. Seriously. SERIOUSLY.
Sq. Ft.: 1,018
Lot Size: 6,000 Sq. Ft.
MLS #: F1792521
List Date: 12/08/08
What do they think this is? 2007?
Beautifully done gated spacious home on approx. 10,000 sq ft lot in gorgeous magnolia estates! Stunning kitchen w/ top stainless steel applicances, center island, high ceilings and breakfast area! Large formal living, formal dining rm, and family room! Gorgeous gleaming dark wood floors, 3 fireplaces, french doors, built-ins! Gorgeous master suite with sauna!Lovely yard with delightful bbq area! Stylishly done in like new condition throughout! Tenant occupied, temporarily cannot be shown
MLS #: F1761579Well guess what? They reduced again. Uh-huh.
List Date: 04/04/08
List Price: $799k
Per sq. ft.: $533
Seriously. For that? Not even at the peak of the market, Honey. So they reduced. Twice. Behold:
Price Reduced: 05/29/08 -- $799,900 to $699,000
Price Reduced: 06/12/08 -- $699,000 to $649,000
And now it's just a tiny bit shy of what it would have sold for at market peak ($675k). But we are down like 20% off peak, right? So that house is worth ... uh ... $540k? That seems right. There's no central air, original windows and doors. No photo of the kitchen or bath (and we all know what that means). Oh yeah... did I mention the apartment buildings on three sides? Yeah.
Yeah, some guy put a whole bunch of monkeys in the Valley. Read all about this long gone Valley spectacular here.
EEEP! No wonder it's gone.
And, if you want to know why sometimes you see parrots in your palm tree, it's because when Busch Gardens closed they basically just let the birds go -- but some people say the birds "escaped". Read about it here.
Sq. Ft.: 1,268
"A jewel in the valley."
A jewel? Really? I'm not seeing it. I'm seeing a small tract house with ugly faux stone facade.
"Wonderfully redone home, kitchen w/ granite counter tops, s/s appliances and slate floor, mster bathroom w/ mosaic tiled floor and shower. The back yard feels like a park with it's fully landscaped yard. A great condo alternative."
Condo alternative? AT EIGHT HUNDRED AND FIFTY THOUSAND DOLLARS?
Yeah. That's right. Eight hundred and fifty thousand dollars for this. Cyberhomes estimates it at $556,813. Which is a generous $439/sq. ft.
But now, I have to do something I generally don't take on: edumacate the listing agent. Rachel Maslan, of Hilton & Hyland, please pay close attention to the map below. It shows all the other homes for sale in your client's neighborhood.
This is what we call a buyer's market in every sense of the word. And you've priced this Van Nuys adjacent, two bedroom, tract home at nearly $700 a square foot. OMFG. Good luck with that. It wouldn't have sold for that at the peak of the market.
Here are some comps:
One word: Rookie.
Price Reduced: 10/05/07 -- $959k to $899k
Price Reduced: 10/30/07 -- $899k to $875k
Price Reduced: 11/26/07 -- $875k to $849k
Price Reduced: 01/03/08 -- $849k to $799k
Price Reduced: 02/16/08 -- $799k to $775k
Sold: 4/28/2008 -- $728k ($370/sq.ft.)
Buyers:Daniel & Teresa
*Yawn* Tract house. Well maintained. Garage in front. *Yawn*
What the? Mr. Kitty? What are you doing to that ottoman? Bad kitty!
Well, I better put ANOTHER photo up that shows the ottoman is unharmed. So people know.
Kitty! Get off the table! Off! It'll squick people out to see your butt right where they eat. We're trying to sell a house here kitty! You are not helping.
Seriously kitty. Just jump down. I'm going to take this photo one more time.
Just keep your little kitty head down. Keep it down ... keep it down. Just one more photo.
Kitty! What did we just talk about? About keeping your head down? Dammit kitty!
Square Feet: 1,300
Lot Size: 7,425 Sq. Ft.
Year Built: 1951
Listing Date: 05/06/08
List Price: $649k
Price per Square Foot
Based on List Price: $499
Based on Zestimate™: $448 ($582k)
Sold Homes: $335 ($435k)
I think that I'm safe in statin',
She will be waitin'
When my lonely journey is done
And kindly old Rev'rend Thomas made us a promise,
He will make the two of us one.
So I'm hittin' the trail to the cow country,
You can forward my mail care of R.F.D.,
I'm gonna settle down and never more roam
And make the San Fernando Valley my home.