Tuesday, September 30, 2008

Under $700k SOB

4224 BENEDICT CANYON DR, Sherman Oaks, CA 91423
MLS #: 08_298951

Beds: 3
Baths: 2
Sq. Ft.: 1,246
Lot Size: 5,450 Sq. Ft.
$/Sq.Ft.: $521
List Date: 07/22/08
Last Sale: 05/20/99
Sales Price: $319,000

Price Reduced: 08/17/08 -- $749,000 to $685,000
Price Reduced: 09/06/08 -- $685,000 to $649,000

I wouldn't say this is a bargain. But when I was actively house hunting, this would've totally blown my mind. I don't think $521/sq.ft. is appropriate today -- at $450/sq.ft. this home would be closer to $560k. But look out because $350/sq.ft. is just around the corner. If this seller were smart they'd drop the price before it's too late.

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