Five listings on one block!

Since I posted about the Glut in Stewart Park back on September 10 it's only gotten worse. Although the house on Urban is Looking for Backup, Kansas was withdrawn, and two more have joined the three on the block of Delaware-Warwick. That's five for sale on one block! Which one will cut their price $100K or so to finally sell?

A good starting point is the only 2-story house, the 3 bed / 2 bath 1,754 SF house on a standard 6,500 SF lot at 3020 Delaware Ave., listed 8/6/09 for $975K, reduced in early October to $949K. It's a nice house, but impacted by the freeway a block away and not selling at this price.

"Restored two story traditional with contemporary style. The home is flooded with natural light complimenting the hardwood floors. The bedrooms are generously sized adding to the airy, bright and crisp aesthetic. The home lends itself to indoor/outdoor entertaining with a lush, well landscaped and private yard. Complete with detached artist's studio, spa, and sauna."

Around the corner is the 3 bed / 2 bath 1,229 SF house on a smaller 5,528 SF lot next to the alley at 1912 Warwick Ave. After its first listing was cancelled after 2 months, it was relisted 11/6/09 for $961.5K. Oh, and it last sold 6/16/06 for $765K.

From the photos it looks reasonably redone, but it's still a flipper seeking a $200K gain in a declining market, when the bigger house on a bigger lot around the corner isn't selling at a lower price. Riiight.

"Open Sunday 11/29, 1-4pm:: This beautiful corner lot house is DONE. Totally remodeled in 2007: 200 Amp electric, copper plumbing, central AC/heat, landscaping, recessed lighting, refinished wood floors, crown moldings and wood burning fireplace re-faced w stacked stone. Kitchen and bathrooms are completely remodeled with granite counters, travertine/marble tiles, jetted tub and double sink. Move right in!"

The newest listing is this 3 bed / 1.5 bath 1,279 SF house on the 4,739 SF corner lot next door to Warwick at 3064 Delaware Ave., listed 11/21/09 for $865K.

"First time on the market in 49 years. Lovely home on a corner lot. Three bedrooms and one and a half baths. Room to add shower in half bath. Separate formal dining room.Living room with fireplace. Detached office/study in back yard. Large canopy in rear yard.Several fruit trees. Well maintained home. Fenced throughout. Two car garage."

Next door to the two-story house is this 3 bed / 2 bath 1,183 SF house on a 6,500 SF lot at 3014 Delaware, listed 11/11/09 for $850K.

"Bright and cozy one story traditional on a quiet tree-lined street. This warm and colorful home features an open floor plan with a generously sized kitchen, dining room and living room. Both the master suite and the kitchen open to the lush, private yard. The home also features hardwood floors throughout, a detached garage and adjacent bonus room. Close to shops on Pico."

We'll close next door to the west (yes, that's literally three in a row!) with the 2 bed / 1 bath 1,011 SF house on a 6,500 SF lot at 3008 Delaware, asking $845K (reduced from $869K), last sold 4/7/06 for $769K. Why is there no sign in front?

"Charming, recently remodeled home on a tree-lined street in beautiful and desirable Stewart Park neighborhood. Fireplace in the Living Room, separate Dining Room, Laundry Room, Hardwood & Tiled Floors throughout, completely remodeled Bathroom and Kitchen, updated Plumbing and Electrical, 2-Car Garage, ample grassy Backyard with covered Patio and Vegetable Garden. Realtors ... come show and sell this move-in ready beauty!"