Friday, May 30, 2008
If you're shopping in Sherman Oaks and really feel the need to send correspondence to a seller, why not just email them a link to Tim Hebb's post today on Redfin? It's faster. It's more compelling.
I'm still waiting it out folks. This isn't the bottom. It's not even close. If anybody is undaunted here, it's me.
Wednesday, May 28, 2008
Remember when I told y'all I found the perfect house?
Well, Chris Noth bought it. You can read all the juicy details at the supercrazyfantastic Real Estalker.
Add him to the list of our actor neighbors. And this is important. REALLY important. Do not go over there. Do not even drive by. That is called stalking and that is against the law. Okay, that's all. Carry on.
Thursday, May 22, 2008
MLS #: F1768009
(photo not yet available)
Sq. Ft.: 2,329
Lot Size: 5,180 Sq. Ft.
List Date: 05/20/08
List Price: $749,900
Last Sale: 08/24/06
Sales Price: $1,400,000
" Corporate owned special!!! South of the blvd, nice tuscany villa in studio city hills*located on a quiet street* home feautures wood & tile floors throughout* 3 fireplaces* balcony with views* huge outdoor wood deck* large dining area* lots of character but this home needs tlc* priced to sell fast* "
So, according to Property Shark (god bless that site!), this home was purchased by Neda Baghbanmanesh for $485k in 2002. Then it looks like in 2005 Neda borrowed another $120k from Blueview Corporation in La Jolla. Then somebody sued Neda and filed notice of a possible lien. Then Neda sold it to Lillian Sedaghat-Pour for $1.12M in April 2006(that's a tidy profit). And good ole Lilian was able to sell it to Lorena Bendinskas for $1.4M in August 2006 (not too shabby for only holding the property for 4 months). Then an NOD was filed and then it looks like a Notice of Trustees Sale in August 2007. But there are no further transactions recorded. I guess it's possible that the reconveyance took place and that's the "coporation" that owns this property.
Anyhoodle, call me jaded but I suspect that Old Neda, Lillian and Lorena were not total strangers and something is rotten in Denmark.
But anyway this home is priced at $322/sq.ft. and that seems about right these days.
I have to sign off now and get on over to see Harrison Ford's new flick. Ciao.
Tuesday, May 20, 2008
Yeah, some guy put a whole bunch of monkeys in the Valley. Read all about this long gone Valley spectacular here.
EEEP! No wonder it's gone.
And, if you want to know why sometimes you see parrots in your palm tree, it's because when Busch Gardens closed they basically just let the birds go -- but some people say the birds "escaped". Read about it here.
(MLS #: 08_281791)
Sq. Ft.: 1,268
"A jewel in the valley."
A jewel? Really? I'm not seeing it. I'm seeing a small tract house with ugly faux stone facade.
"Wonderfully redone home, kitchen w/ granite counter tops, s/s appliances and slate floor, mster bathroom w/ mosaic tiled floor and shower. The back yard feels like a park with it's fully landscaped yard. A great condo alternative."
Condo alternative? AT EIGHT HUNDRED AND FIFTY THOUSAND DOLLARS?
Yeah. That's right. Eight hundred and fifty thousand dollars for this. Cyberhomes estimates it at $556,813. Which is a generous $439/sq. ft.
But now, I have to do something I generally don't take on: edumacate the listing agent. Rachel Maslan, of Hilton & Hyland, please pay close attention to the map below. It shows all the other homes for sale in your client's neighborhood.
This is what we call a buyer's market in every sense of the word. And you've priced this Van Nuys adjacent, two bedroom, tract home at nearly $700 a square foot. OMFG. Good luck with that. It wouldn't have sold for that at the peak of the market.
Here are some comps:
One word: Rookie.
Thursday, May 15, 2008
MLS Number 07-236455
Living Area: 1,812 Sq. Ft.
Lot Size: 10,869 Sq. Ft.
Thanks to Phaser21, you can see all the coolio photos here.
Price Reduced: 07/02/07 -- $780k to $769k
Price Reduced: 07/17/07 -- $769k to $764k
Price Reduced: 07/18/07 -- $764k to $759k
Price Reduced: 07/23/07 -- $759k to $754k
Price Reduced: 07/27/07 -- $754kto $749k
Price Reduced: 08/25/07 -- $749k to $699k
Price Reduced: 10/02/07 -- $699k to $679k
Price Reduced: 11/28/07 -- $679k to $649k
Sold: 4/25/08 -- $451,000 ($442/sq.ft.)
Bank Of America Na 4161 Piedmont Pkwy Greensboro, Nc 27410
Price Reduced: 10/05/07 -- $959k to $899k
Price Reduced: 10/30/07 -- $899k to $875k
Price Reduced: 11/26/07 -- $875k to $849k
Price Reduced: 01/03/08 -- $849k to $799k
Price Reduced: 02/16/08 -- $799k to $775k
Sold: 4/28/2008 -- $728k ($370/sq.ft.)
Buyers:Daniel & Teresa
Price Reduced: 07/10/07 -- $849k to $824k
Price Reduced: 07/17/07 -- $824k to $799k
Price Reduced: 07/28/07 -- $799k to $769k
Price Reduced: 09/06/07 -- $749k to $699k
Sold 4/24/2008 -- $697k ($514/sq.ft.)
Charlene & Jaqueline
Listed 3/20/08 -- $1.54M
Went inactive without a sale.
Monday, May 12, 2008
Check out the purple bedroom. It certainly is .... purple. Why do super rich people decorate like this? Do they all have the same decorator who can't think of any new ideas? Also, I think all those dressers are silver leafed. I don't get the "bed on a stage" look myself. But you know. I guess somebody does.
Zillow just published Q1 home value reports. I thought May 5th readers may be interested in this information. According to our analysis, home values in the US experienced another historic drop, falling 7.7% over the past year (ending March 31st). One of two homeowners who purchased during the national market peak in 2006 are currently "underwater" on their mortgage.
A few links to this data …
1. Detailed quarterly reports for 160 MSA’s.
3. Overview of Q1 home value trends.
P.S. In case you’re interested in how Zillow’s Zindex compares to the CSI.
(MLS #: F1766426)
*Yawn* Tract house. Well maintained. Garage in front. *Yawn*
What the? Mr. Kitty? What are you doing to that ottoman? Bad kitty!
Well, I better put ANOTHER photo up that shows the ottoman is unharmed. So people know.
Kitty! Get off the table! Off! It'll squick people out to see your butt right where they eat. We're trying to sell a house here kitty! You are not helping.
Seriously kitty. Just jump down. I'm going to take this photo one more time.
Just keep your little kitty head down. Keep it down ... keep it down. Just one more photo.
Kitty! What did we just talk about? About keeping your head down? Dammit kitty!
Square Feet: 1,300
Lot Size: 7,425 Sq. Ft.
Year Built: 1951
Listing Date: 05/06/08
List Price: $649k
Price per Square Foot
Based on List Price: $499
Based on Zestimate™: $448 ($582k)
Sold Homes: $335 ($435k)
Wednesday, May 07, 2008
Tuesday, May 06, 2008
But fear not! We are alive and well and the MLS commentary that you have come to expect from Cinco de Mayo de Blogspot will carry on for another year. Because, really, that's exactly what the Mexicans had in mind when the defeated the French at the Battle of Pueblo: a bitchy blog about houses in the Valley.
Love you! Mean it!
Friday, May 02, 2008
Full Baths: 8.5
(you could use a different bathroom every day of the week and still not see them all!)
Square Feet: 9,010
Lot Size: 37,096 Sq. Ft.
Year Built: 2008
List Price: $7.5M
"Simply one of the finest homes ever built in all of the san fernando valley. This italian farmhouse is a one story masterpiece. Boasting 9,000 square feet, 7 bedrooms and 8 3/4 baths on nearly 1 flat acre. This unrivaled compound offers cutting edge smart home technology w/ most every conceivable amenity yet still capturing the old world charm that makes this grand retreat an unparalleled estate. No expense spared.* This uncompromising magnificent estate is a must see for the most discriminating "
*Actually, it seems like they weren't willing to pay for all the required capitalization in the MLS description.
(MLS #: F1744018)
Full Baths: 4.5
Square Feet: 4,771
Lot Size: 38,640 Sq. Ft.
Year Built: 1981
Listing Date: 11/20/07
List Price: $3.8M
Check out this South of the Boulevard home in Studio City. It's priced to move. Let's wait and see.
(MLS #: F1757191)
Full Baths: 3
Square Feet: 2,003
Lot Size: 6,750 Sq. Ft.
Year Built: 1978
Price Reduced: 03/10/08 -- $1,300,000 to $995,000
Price Reduced: 04/29/08 -- $995,000 to $699,000 ($349/sq.ft.)