Sunday, January 20, 2008

Notice the Tell-Tale Dead Lawn...

UPDATE: Just 15 days on the market and already a $10k price reduction:

Price Reduced: 01/30/08 -- $694,900 to $683,900

Here's an REO for y'all. I know how you love those! Owner paid $850k for this heap last May. And, gee wiz, he's already out! Can you say "fraud"? I knew you could!

Bank is trying to unload it at a whopping $150k discount. But good luck with that. No matter what Zillow currently says, this North of the 101 tract house won't be worth anywhere near $700k for many many years, if ever.

5324 GOODLAND AVENUE, Valley Village, CA 91607
MLS #: B2102379

Bedrooms: 3
Baths: 2.5
Square Feet: 1,442
Lot Size: 6,337 Sq. Ft.
Year Built: 1956
Listing Date: 01/16/08
List Price: $694,900

Last Sale: 05/01/06
Sales Price: $850,000

Zestimate $748,000

Based on List Price: $482
(How many times do I need to tell people they need to price at or below $400/sq.ft.?)
Based on Zestimate™: $519
Sold Homes: $435

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