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


Anonymous said...

Hi, Kate,

It's great to see you posting again.

Regarding 12754 Sarah: This is a relisting. It previously was listed on 2/25/08 (MLS: F-1755789) at 779K; cut 4/23 to 759K; cut 6/19 to $739K; cut 6/24 to 719K; then listed, under a new MLS #, at 719K.

Now for my favorite new-listing description, for 12828 Kling:

"Great one story home in the heart of studio city. Recently remolded and completely upgraded..."

Remolded (sic)? Quite special. Maybe that explains why this Kling place sold in Feb '07 for $1,095,000 and now's on the market for $699,000. Do call up the listing: One of the pictures shows a motorcycle parked in the living room. (Reduce, reuse, re-cycle, perhaps.)

Anonymous said...

Yay! Yay! Your back! I thought I had to look up all these MLS jokes myself...

Anonymous said...

Welcome back. Listing prices are a joke and everyone knows it (even the delusional sellers, somewhere in the hidden crevices of their brains).

Anonymous said...

What about 20934 De Mina St. in Woodland Hills, MLS# F1769457? It sold for $925k two years ago, and now they list it at $569k. This may be a deal, but if you check on Megan's Law Website, you are moving next door to a child predator who likes 13 year olds... What a bargain!

Anonymous said...

Maybe people forgot what a home is really for...

Anonymous said...

Really interesting point about Megan's Law. I hadn't thought to check that site.

Anonymous said...

Always have to check that site or else you are gambling with your family. Even worse, realtors today will not disclose this information to you. They are more worried about the sale and their commission.

Tyrone said...

Fabulous Price!


Anonymous said...

Update on 11437 Decente Drive (which Kate wrote about on May 22: "What is corporate owned?"). It was listed May 20 as a "Corporate owned special!!" at $749,900 via Coldwell Banker.

Well, turns out corporate owned meant bank owned. The property was relisted July 3 at $749,900 via Premier National Realty Group, which describes itself as "a full service REO disposition firm."