Tuesday, April 15, 2008

New(ish) Listing on Contour Drive

13480 CONTOUR DRIVE, Sherman Oaks, CA 91423
(MLS #: F1760083)

Bedrooms: 3
Baths: 2
Square Feet: 2,488
Lot Size: 7,627 Sq. Ft.
Year Built: 1938
Listing Date: 03/20/08
List Price: $1.549 M

This house has an interesting sales history:
04/30/1999: $ 580k
04/19/2006: $1.249M
03/16/2007: $1.425M

Yeah, you read that last sale correctly. They paid $1.42M a year ago. And now, after the worst year in SoCal real estate history, they want to sell for $125k more than they paid. I mean, I get it. The commisions on this sale are over $90k. And they need *some* wiggle room in the price, right? But how do you figure that your house held it's value while the rest of SoCal took an 18% nose dive?

I dunno. It could move. It's a nice house, after all. But I can seriously see this house selling in the $900k range in the not-too-distant future.

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