tag:blogger.com,1999:blog-2983944778720243687.post3661088805140551776..comments2023-11-05T04:24:01.807-08:00Comments on Westside Bubble: One yearWestside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2983944778720243687.post-30773511544001872482007-04-27T23:34:00.000-07:002007-04-27T23:34:00.000-07:00369 22nd St. is listed on the LA county assessors ...<I>369 22nd St. is listed on the LA county assessors web site as being sold 04/10/1987 with land at $128,084 and improvements at $54,346.</I><BR/><BR/>I don't believe it was that low, because bottom-end houses north of Montana were over $300K in 1985, and 1987 was half-way to the peak of over $900K in 1989.Westside Bubblehttps://www.blogger.com/profile/03383559105050069002noreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-85974064100041473262007-04-23T16:00:00.000-07:002007-04-23T16:00:00.000-07:00369 22nd St. is listed on the LA county assessors ...369 22nd St. is listed on the LA county assessors web site as being sold 04/10/1987 with land at $128,084 and improvements at $54,346. Difficult to believe this home sold for $2.25 million. I wonder what the debt was on this property.<BR/><BR/>The greater fools really need to be educated in Santa Monica.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-51287434668782564112007-04-23T10:46:00.000-07:002007-04-23T10:46:00.000-07:00I meant imminent not eminent but lets hope its bot...I meant imminent not eminent but lets hope its both!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-28924060958307391012007-04-23T07:38:00.000-07:002007-04-23T07:38:00.000-07:00THanks for the site. You might want to check out ...THanks for the site. You might want to check out a house in Mar vista on 10809 Charnock Rd for $937,000. The bus drives down Charnock and this house is nearly to Overland, the worst part of Charnock. The house was for sale for something like $50,000 less! And then went off the market and came back higher? What gives here?<BR/><BR/>I know I'm one of those who believes the crash is eminent - or perhaps just hopes. I know that in San Clemente, between Jan and March I found 3 foreclosures 2500 sq feet houses for $699,000. How can Mar Vista be immune from that???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-43312287420367354532007-04-22T18:48:00.000-07:002007-04-22T18:48:00.000-07:00Thanks for reporting on that one, Craig, I wondere...Thanks for reporting on that one, Craig, I wondered about it. It looks like a huge reach in price. <BR/><BR/>A good comp for it is 241 24th. It's an original 1937 1-story Spanish, 3 bed 1.75 bath plus detached studio, as re-minted as a 1-story could be. Kitchen isn't huge but has all the latest. Bathrooms and bedrooms are top-end in a traditional style.<BR/><BR/>It was listed at $2,995K on 6/30/06, reduced to $2,795K in 9/06, and off the MLS 10/06. But neither Zillow nor the county has recorded a sale.<BR/><BR/>(I'm going to try turning off the word verification until there's a problem. It's a pain!)Westside Bubblehttps://www.blogger.com/profile/03383559105050069002noreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-68519288434689101212007-04-22T18:01:00.000-07:002007-04-22T18:01:00.000-07:00Great site, thanks for your work. I went to some o...Great site, thanks for your work. I went to some open houses today and Santa Monica (especially north of Montana) seems to be heavily in denial. There were tons of cars pulling up and a lot of foot traffic. However, there seems to have been a lot more inventory on the market and there were multiple flags and signs on many intersections.<BR/><BR/>One house that I wanted to mention was 363 18th...asking price is $3.3 and it is a single story house with 2 bedrooms plus a backhouse...its an old spanish house that had some work done to it about 8 years ago but still had original windows and was small (2100 square feet). Days on market was 1 but I just could not believe how much they were asking for this place. It is basically a tear down which should be valued at about $2.5-2.7<BR/><BR/>Other houses in this price range were 2 stories and had 4 bedrooms...shocking that they mispriced the place so bad. Anyways, keep up the good work on the blog.Craighttps://www.blogger.com/profile/14350328131891663416noreply@blogger.com