8535 N. West Knoll Dr #115 (90069)$499,000
2BR / 2BA, 1171 sq ft
($426/ft)
Drastically reduced; seller needs to sell but will not negotiate below new asking price. Sunny, cheerful, newly painted, partially updated, front facing, very private, sits one floor above the street level, only one common wall, best floor plan. Strong HOA w/big reserves, well maintained bldg, great pool area, side-by-side parking. Prime WH location. Priced to sell, sellers bought another property.
Sold: 2/90 - $195,000
Listed: 11/08 - $549,000
Reduced: 4/09 - $499,000
If these sellers are the same people who bought in 1990, you'd think they wouldn't "not negotiate", although everyone has personal reasons that aren't apparent by just looking at numbers. Just the juxtaposition of "Needs to sell" and "will not negotiate" are hilarious. And "Drastically reduced"? Really? A whopping 9%? Comedy gold!
Of course, the last laugh may be on those of us having a go at this listing ... it shows "Looking for Backup Offers" as of the most recent update. Will be interesting to see if 1) it sells, and 2) if there was additional negotiation.
Ah, makes me long for the days when you'd go to an open house and the just-Botoxed, shiny-faced real estate agent would sternly remind you that offers would be due 7 minutes after the end of the open house, and bidding would start 5% ABOVE the list price. Good times!
4 comments:
Maybe the seller is thinking that if they don't get their new, lower asking price they'll just rent it out? Unless they've used the place as an ATM lately, they should be able to turn a nice profit on it as rental property.
Or maybe they just don't want to potentially piss off their neighbors by pricing it too low? Pretty much anybody who bought a two bedroom in this building in the past three or four years likely paid more than $450sf for it.
Because WEHO is seeing an increase in rental rates? Not. If the seller doesn't need to sell then why list a property like this during this real estate crisis. It's this type arrogance or greed that's going to make it even easier to purchase a property for a reasonable price. Because let's face it prices are going to fall even more over the next two years.
Check out this one:
Listed on March 23 for 499K by owner.
Updated today to: 525K
970 Palm Ave #212
Los Angeles, CA 90069
Price: $525,000
Just nuts.
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