The House: 2013 Micheltorena St
What I Said About It: “Here’s a house that, to me, defines what living in Silver Lake is all about.”
Listing Date: 7/8/2009
Original Listing Price: $1,189,000
Sold For: $1,189,000 in 30 days
Verdict: Listing agent hit the nail on the head with this one! It’s nice to see a high end home sell so quickly and for the original listing price. When a home is priced right at the right moment, things tend to work out the way they should.
The House: 2312 & 2314 Valentine
What I Said About It: “Every contractor, flipper and investor was here to see what could potentially be the deal of the year: an architecturally significant mid-century that has been abandoned for over 15 years.”
Listing Date: 11/29/2009
Original Listing Price: $99,000
Sold For: $335,000 (all cash) in 13 days
Verdict: The bidding war for this property had everyone buzzing. That strategy worked as it sold for 238% over asking. This is a good example, however, of why you should always take the listing price with a grain of salt. It’s almost like an Ebay auction in some cases.
The House: 2501 Outpost Dr
What I Said About It: “Seriously, what doesn’t this house have? Oh yeah, a pool. Is that a deal-breaker for you at this price?”
Listing Date: 9/21/2009
Original Listing Price: $1,295,000
Sold For: $1,080,00 in 146 days
Verdict: Maybe it needed a pool? 16% under asking in almost 5 months shows this can be a tough market for high end real estate right now.