Monday, June 30, 2008

MLS Garbage

12754 SARAH ST, Studio City, CA 91604
MLS #: 08_291413

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Beds: 2
Baths: 2
Sq. Ft.: 1,001
Lot Size: 4,373 Sq. Ft.
List Date: 06/24/08
List Price: $719k
Last Sale: 01/20/05
Sales Price: $575,000

"This is not a short sale!! Fantastic price for this drop dead gorgeous beeman park area home!!Fabulous curb appeal greets visitors to this charming french country home exequisitely remodeled and decorated throughout*picturesque tree lined street*absolutely pristine home located in much sought after beeman park*gleaming wood floors,tumbled italian tile floors,custom windown treatments,crown molding,designer fixtures,decorator paint*beautifully remodeled kitchen and baths"

Really? At $718/ sq. ft. this isn't a short sale? Whatever. Grossly overpriced is what this is.

5503 HALBRENT AVENUE, Sherman Oaks, CA 91411
MLS #: F1773073

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Beds: 3
Baths: 2
Sq. Ft.: 1,440
Lot Size: 5,500 Sq. Ft.
List Date: 06/26/08
List Price: $6999k
Last Sale: 01/05/06
Sales Price: $670,000

"3 bedroom 2 bathroom house in prime sherman oaks. Remodeled. Priced for fast sale."

Priced for fast sale, eh? In what universe? You want $29k over what you paid at nearly the peak of market? I just spit Diet Coke out my nose. Good luck with that.

4237 BAKMAN AVENUE, Studio City, CA 91602
MLS #: F1772106

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Beds: 2
Baths: 2
Sq. Ft.: 1,376
Lot Size: 5,850 Sq. Ft.
List Date: 06/21/08
List Price: $839.9k
Last Sale: 10/06/06
Sales Price: $790,000

On this one, not only do the want you to pay market peak prices, they want you to buy all their furniture too (Uh, yeah. I love used furniture!). Ridiculous.

4621 ALLOTT AVE, Sherman Oaks, CA 91423
MLS #: 08_285759

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Sq. Ft.: 1,846
Lot Size: 7,280
Listing Date: 06/01/08
Price Reduced: 06/28/08 -- $789k to $779k
Last Sale: 09/27/00
Sales Price: $332k
Zestimate: $707,500
Based on List Price: $422
Based on Zestimate™: $383
Based on Cyberhomes estimate: $326

Friday, June 13, 2008

Reports of my death were grossly exaggerated. And now this:

4343 AGNES AVENUE, Studio City, CA 91604
MLS #: F1761579
Beds: 2
Baths: 2
Sq.Ft. 1,499
Lot: 6700
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.

Here's the satellite view (thanks Google maps! You're the best!). The little yellow dude is standing in front of the house.

Let's go down to street level and see the house head on (so you can get a good view of the alley and huge neighboring complex):

And what's across the street? Hmmm?

Oh good! More alley. More apartments. Highly desirable.