Monday, July 9, 2007

Geoquiz

This photo reminded me of Dr. Housing Bubble's "Real Homes of Genius". So how about making it a Geoquiz? It's in the geography we talk about. What is its address and listing price?

The first comment with the right answer gets the prize of ... being the first with the right answer! (Hey, we're low-budget around here.) If you like this we can do more.

We have a winner! The answer is in the comments.

15 comments:

war said...

$800K

Westside, do you have an e-mail address I where I can send you a spreadsheet that I made? Don't know if its "westsidebubble@gmail" or something like that...Anyways, I graphed out values on a sample home from 1986 to present along with gold prices, interest rates, rates of change, etc. I think it might be nifty to post as well

war said...

as a sneak preview, prices peaked in 1989 and bottomed in 1995. Looks like roughly a 25% loss or so in nominal terms from peak to trough. Some very interesting things happen when you adjust prices and put them in terms of gold though...

Mikey said...

You need to show the front of the house... wait a second, that is the front of the house.

Westside Bubble said...

That email address is correct, War: westsidebubble(at)gmail.com. I look forward to seeing it and posting it. (Same goes for others with images to share.)

Your first comment was correct, Mikey, that is the back of the house. Gotta make it a little challenging, and that view inspired the quiz.

latesummer2008 said...

Could it be :

2367 Greenfield, $749K in Rancho Park? Or is that Norms-Adjacent?

Mikey said...

I'm guessing 2961 Delaware with a dream price of 699k. It looks like that concrete is too small to be a driveway, so it would probably have a garage in the back accessed via an alley. That's more common in SM than in WLA.

Anonymous said...

safe to say it is in 90066?

alan k. said...

hey late summer:

no way is anything on greenfield north of pico listed at $749,000. i haven't seen ANYTHING in westwood charter school district listed under $800,000 in five years. even if it gets the full blast of the norm's deep fryer exhaust vent, it's still asking a million, right?

Westside Bubble said...

A hint: asking price is $1,399K.

It's described as a "Charming, original bungalow" but also "Great opportunity to tear-down/remodel."

SoCalAllens said...

The address of this charming bungalow with tear-down opportunity is 1020 Chelsea over by Douglas Park in Santa Monica.

My wife and I saw this house this weekend. It's tiny at 1100 square feet and made us wonder if the City of Santa Monica will ever do more to preserve early to mid-century beach bungalows from the onslaught of the McMansion invasion. Perhaps then prices will reflect something closer to reality.

Westside Bubble said...

You got it, socalallens. Congratulations!

made us wonder if the City of Santa Monica will ever do more to preserve early to mid-century beach bungalows from the onslaught of the McMansion invasion

The city spent a year on that for north of Montana at the end of the 1990s, and extended it to north of Wilshire and Sunset Park a few years later.

First and second story areas were reduced, but obviously it hasn't ended the steady loss of older, smaller houses.

war chest said...

I thought I saw flags waving on the corner of of Washington and Chelsea this weekend...

There is no sidewalk on that side of the street. I think that is actually pretty cool.

Mikey said...

$1.4 million for that? Oh, it's only federal reserve notes. Just green pieces of paper with pictures of old guys printed on the front.

I can't remember the last time I saw a house that didn't have a sliding glass back door...

war chest said...

Ok so not too long ago I posted that my folks got an unsolicted offer for their house at what I believed to be below fair market value.

Well, I talked to another older resident on my parents block and found out that they also got an offer. Same Fed-Ex package, same buyer, same cover letter, same lies, same realtor.

To refresh, I thought that this was a bit dirty because the buyer had recently flipped a home in the Palisades and I didn't believe the claim that he just wanted a place to live. Also, if the offer is not fair market value, then the question of fiduciary duty may come into play if the realtor were to represent both sides.

Last time I chose not to disclose the realtor but I think it should be disclosed. In both cases it was Mr. Pence of the "Pence, Hawthorn, and Silver" group. The neighborhood is north of Washington, south of Montana, and inbetween 26th and 23rd.

Maybe I am wrong to think that this is pretty slimy. What do you guys think? Has this happened to any of you?

Westside Bubble said...

The LA Times blog picked this up, with some good comments.

FWIW there's no "w" in "Hathorn".