There are three listings on Corinth in Mar Vista, all asking $995K. The grandaddy is this 3 bed / 2 bath house at 3201 Corinth Ave. in the Westdale Trousdale section of Mar Vista (south of National, west of Sepulveda), asking $995K. Originally listed 11/27/06 for $1,200K, it's now been over six months and reduced 17%.
"Wonderfully Remodeled Contemporary 3 Bedroom 2 bath Westdale Trousdale House on a Large Corner, Tastefully Updated Kitchen with New Cabinets & Granite Counter Tops opening to a Spacious Step Down Living Room - An Entertainers Delight! ... "
Now come two new listings, same street, same price, copying such a successful listing. Down the block, backing up to apartments on Sawtelle, is this 3 bed / 2 bath house at 3300 Corinth Ave., no photo either in the MLS or here, listed 6/5/08 for, you guessed it, $995K.
"Lovely WestdaleTrousdale 'A' Plan. Spacious & Airy with Wonderful Flow. 3 Spacious Bedrooms including a roomy Master Suite opening to Central Patio & large Back Yard with Relaxing Fountain and Greenery, Living Room, Dining Room, Kitchen, Laundry Room & HugeDen/Family Room, 2 Car Garage, Floored in Attic for Storage, Located in a Quiet Family Neighborhood - Walk to Parks, Coffee Shops, Whole Foods, Restaurants, Grocery stores etc. Located in much desired, award winning Mar Vista Elementary School..."
Finally is this 4 bed / 3 bath house at 2517 Corinth Ave., listed 6/6/08 for the identical $995K. It's really West LA, not Mar Vista. In fact, it's the third house north of the 10-405 freeway interchange! And a flip, last sold 2/20/07 for $400K. Whew! Why do the freeway-adjacent houses claim "zen like atmosphere"? Hope that's a LOUD WATERFALL.
"Beautiful Contemporary New Construction designed by The Windrush Group! IMPECCABLE DETAILS HIGHLIGHT THIS MODERN HOME WHICH UTILIZES EXTENSIVE GLASS, EURO. TILE & CONCRETE TO CREATE A ZEN LIKE ATMOSPHERE! CUSTOM DESIGNED KITCH. LEADS TO A PATIO AREA HIGHLIGHTED BY A WATERFALL, BUILT-IN BBQ AND FIREPIT. Master Ste w/ stone fireplace, private deck & bath with 6' whirlpool tub and steam shower. Home Theater Surr. Snd, Centr. Audio & Cat 5 wiring throughout. ..."
Here's a great reason to visit the first listing, this beautiful street of mature jacaranda trees still in bloom a couple of blocks west of Corinth:
Friday, June 13, 2008
Corinth Corinth Corinth
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7 comments:
You'd have to be completely, absolutely, 100%, wacko, barmy, nuts, loony, to buy that little laborers cottage for that price. I don't care if it's in Timbuktu. You couldn't pay me to live there.
Who in the heck is The Windrush Group? Is that supposed to be impressive?
There are now houses in Westwood in the 900's (check the MLS) -- so why would anyone pay that for by what all appearances looks like a dump in Mar Vista?
There is no reason to buy a house now. None. It's flushing your money down the toilet. Renting is the new owning. Owning is for LOSERS. Literally.
I can't believe the denial on the part of the listers.
I just looked at a 1/4 lot in Venice (Penmar, Bank-owned for over a year) where the 842 sq ft house in tear-down condition first had a deal fall through a few months ago at a jaw-dropping $550k and NOW the Realtors have the chutzpa to list it for EVEN MORE at $675k!!! It's insane!
Here's the question-- when does the smart money say that the prices will hit bottom? Or will all the idiots buying short-sales at $750k in the Mar Vista area etc. stop the price drop now?
2011.
Well, that house done by the Windrush group sold in just over 30 days...wish as we may that everybody will hold and force prices down, there are still plenty of buyers keeping it going...
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