List Price: $998,000
3 Bedrooms, 3 Bathrooms
Square Feet: 3000
Spectacular Mid-Century Post & Beam Home. Located in the prestigious “South San Rafael” area. This is one of a few homes on Laguna Rd. that sits above a running stream. Retreat living at its finest. Offers total privacy and seclusion. The large lot of 30,928 sq. ft. is enhanced with mature trees, lush landscaping and the running stream. The home features a family room, den/office, recreation room and three fireplaces. This home offers potential for expansion or remodeling. Property is sold “AS IS” and is subject to short sale. One of a kind property and priced below market.
So what do we think of this property? Well for starters this is one of my favorite Pasadena locations that is surrounded by multi-million dollar estates. Privacy? Check. Seclusion? Check. Fixer? Check. Deal? You betcha!
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This photo is thought to be taken around circa 1914 according to the Los Angeles Public Library. Photo of Bonadiman family members taken on the porch of their new home at 1533 McCollum St. in the Silver Lake area. The family had previously been tenant farmers at a farm (near Benton Way), which was sold to a movie studio.
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With the end of the $8000 Federal Tax Credit the media has been bombarding us with more negative news about the housing market and the “housing crisis”. The most important thing to remember is that real estate is local. The rest of the country may or may not be in a housing crisis but here in Silver Lake, things are actually looking pretty okay.
Let’s look at closed sales from 6/1/10 to 7/1/10 only in the 90039 zip code part of Silver Lake, not including parts of Echo Park, Atwater and Frogtown. Of the 7 homes sold, only 1 property did not sell for at or above the seller’s asking price. In fact, these homes sold for an average of 3.26% over the asking price.
What does this actually mean? This means that in this current market, inventory is low and the demand for homes in this neighborhood exceeds the supply of inventory, creating a Seller’s market.
Does this mean that Silver Lake has hit rock bottom in the real estate market? Who knows? Not even the smartest economists in the world have a clue with what’s going on in our real estate market. Signs are starting to point in the right direction.
Buyers and Sellers, what are your thoughts? Has Silver Lake finally hit the bottom of the real estate market?
2503 Silver Lake Terrace
List Price: $1,377,000
Selling Price: $1,400,000
2203 Brier Ave
List Price: $699,000
Selling Price: $740,000
2440 Armstrong Ave
List Price: $850,000
Selling Price: $791,500
Real Estate 2.0 Podcast – Trader Joe’s, Flakey Agents, 4th of July (CLICK HERE TO DOWNLOAD)
Topics:
Happy 4th of July!
Trader Joe’s Expanding?
Silver Lake Blvd Construction
Multiple Offers
Flakey Agents
Elysian Heights
Mega Agent Panel
Can you get a loan?
Drake – My Favorite Rapper
20th Episode
www.DansMyRealtor.com
www.SunsetJunctionRealEstate.com
4 Bedrooms, 3 Bathrooms
List Price $1,349,000
Last Sold in 1995 for $375,000
Are you looking for a 1928 Mediterranean in the heart of popular Los Feliz? Here we have a 4 bedroom home with just about 3100 square feet on a 6141 square foot lot.
Sited on knoll with commanding presence in prime Los Feliz, Casa Estrella, c. 1928 includes hand plastered walls, in laid floors, sweeping magnasite staircase leading to light filled meditation turret. Crafted eat-in chef’s kitchen w/breakfast/dining opens to al fresco outdoors, detailed formal dining room, magnificent Italianate living room, floor to ceiling windows and rounded bays. 3 great baths w/original & unique tile work. 4 bedrooms w/distinct outdoor terraces native to the architecture. Superlative outdoor areas wrap around this villa. Verdant treetop and breathtaking mountain views.
