Read about it here. Or just enjoy a few quick pics. This is the back of Ms. Pressley's new digs.
Monday, March 31, 2008
Thursday, March 27, 2008
Yeah. Those are banker's desk lamps scattered around all the counters. How weird is that? Why would you put $16 lamps from Office Depot all over the kitchen in your $1.3M house? Seriously.
Then, this next photo from the same listing captured my interest. Do 'art' photos sell houses? Every once in a while you see a listing with a random close up of a magnolia or a rose with dew drops on it. Or maybe a little Buddha sitting in the yard. This one is particularly creepy though. It's like 'Midnight in the Garden of Good and Evil' or something.
Monday, March 24, 2008
Square Feet: 1,598
Lot Size: 8,100 Sq. Ft.
Year Built: 1949
Listing Date: 11/11/07
Price Reduced: 12/16/07 -- $869k to $839k
Last Sale: 07/13/07
Sales Price: $789,909
Shall we all count down to foreclosure together? I give 'em another month.
(MLS #: F1756948)
Square Feet: 2,038
Lot Size: 4,994 Sq. Ft.
Year Built: 1952
Listing Date: 03/05/08
List Price: $899,000
Last Sale: 04/21/05
Sales Price: $1,026,000
Per Sq. Ft.:
Based on List Price: $441
Based on Zestimate™: $508
Based on Cyberhomes estimate: $549
Sold Homes: $728 (Pretty sure this number is jacked up somehow).
So, $127k haircut is pretty painful, no? And I don't think they are going to come close to getting their asking price. I think this owner would be very lucky to get $825k today. Very very lucky.
(MLS #: 08_255581)
List Price: $1,049,000
Square Feet: 1,400
Lot Size: 7,980 Sq. Ft.
Year Built: 1938
Listing Date: 02/15/07
On Market: 403 days
It's possible they entered the listing date incorrectly because check out the last sale on 05/29/07 for: $850k.
Anyhoodle, I don't want you to choke on your coffee (or spit coffee all over your computer screen) so go ahead and swallow before you check out the per sq. ft. stats:
Based on List Price: $749
Based on Zestimate™: $654
Based on Cyberhomes estimate: $520
Sold Homes: $572
Wednesday, March 19, 2008
(MLS #: 08_257215)
Here's the annoying listing description (or should I say: "annyng lstng dscr"?)
"Trdtnl hm welcomes you w/ a white picket fence, well lndscpd. Red brick porch & diamond grid wndws. Hm features hrdwd flrs & white beamed clngs in lvng room & fmly rm .The lvng rm w/ frplc opens to dine area, leading you to bright & spacious ktchn, recently re-tiled. All bdrms full of natrl sunlt, mstr br w/ wainscoting & mstr ba, lrg wndws & views of pool. Huge fmly rm features frplc & french drs leading you to prvt patio w/ pool & grassy area. Owner says approx. $100k of imprvmnts/repairs."
I love that, at the end of the description, the agent is basically saying: "The owner wants you to think he put $100k worth of improvements into this house but really the previous owner did. I want no part of this shenanigans but he insists I put this in. So there it is. Happy?"
And why would the owner insist on saying that? My guess is that he fell for it and figures somebody has got to be at least as foolish.
Oops! I almost forgot ... this house will sell for less than $750k (if it sells at all).
Tuesday, March 18, 2008
(MLS #: F1758841 )
Square Feet: 2,234
Lot Size: 6,029 Sq. Ft.
Year Built: 1987
Listing Date: 03/17/08
Last Sale: 09/20/06
Sales Price: $1,355,000
And the current list price? Wait for it... wait for it...
$834,400.00Sure, it's an REO. But that's a big (and kind of unusual) house in the hills of Sherman Oaks. This is gonna rock the comps fo' shizzle.
Here's the details on the priors:
Sale price: $1,035,000
Buyer: Citibank NaN/Avail , 0
Seller: Quality Loan Service Corp
Sale price: $1,355,000
Buyer: Farrah Madrid
Seller: Pechter,Steven J & Pamela M
Monday, March 17, 2008
Behold, the third house we bid on. Here's the original post. I really loved this house because it is in a great location and I am partial to Spanish style homes. It needed work and it was quite small. It was listed for $675k. We bid $685k (Can you believe it? Me?! Bid over list?!) almost exactly a year ago today. Ultimately, it went to an all cash buyer with a crazy short escrow. It looks to me like the house is owner occupied and they did not tear it down. They just painted it mustard yellow.
The seller made out pretty well. Back in October 2004, she paid $492,636 (yeah, I don't quite get that figure either) with a $423k variable rate mortgage.
Here's what Zillow thinks has happened to this home's value since it's last sale. I think Zillow is smoking crack on this one. I doubt very much that this house would sell for more than $600k today.
I have to say that I am a wee bit disappointed that we didn't get this little house; even with all the market turmoil. It is a cute neighborhood and conveniently located. BUT, I'm sure something will better will come along with this all shakes down. N'cest pas?
Monday, March 10, 2008
I first wrote about this house here. And it's kind of the house that started it all. This agent was calling me and, in my humble opinion, begging me to commit a fraud. Which I refused to do.
Anyway, the house was originally priced at $825k and was ultimately reduced down below $700k as I recall. Finally, it went off the market and today I decided to look it up on Property Shark.
You'll never guess what it sold for. Seriously. Never.
On 12/27/2007 it sold for $325,000. At least that's what the County Recorder says.
13739 Hartsook St Sherman Oaks, CA 91423
Gibboney Donald E Trust
First mortgage - none
Second mortgage - none
So what do you think happened here? After a year on the market a family member finally decided to buy it? Seems unlikely to me. But what do I know?
I have to say, this is another house I'm really happy we didn't buy. But, once again, it's not so much about the depreciated value. This just wasn't the right house for us -- I wouldn't have been happy there. We were bidding based on very limited inventory in our price range (read: desperation) and we didn't really know what we were looking for in a house yet.
Tuesday, March 04, 2008
It was a cute little house in Woodland Hills. E hated Woodland Hills. HATED. But it was close to where I was working at the time and it was on a really big lot on a pretty tree-lined street and a stones throw from the Gelson's Calabasis shopping center (convenient!). As I recall, we bid about $630k and it sold for $679k (but today, Zillow says it's worth $610k).
On the whole, I have to say I'm glad we didn't get this house. It was too far away and it was a bit too small. Tune in tomorrow for House Number The Second.