901 Larrabee St (90069)$489,000
1BR / 1BA
565 sq ft
2,350 sq ft lot
1 BEDROOM 1 BATH PER TAX ROLL- Has bonus room; Cozy, secluded cottage in a great part of West Hollywood, within walking distance of the heart of Sunset Blvd. Cute living room with fireplace and a separate dinning room with French doors opening to an enclosed patio deck. Large bedroom with a partially vaulted ceiling. Great starter home in the West Hollywood/Sunset Strip area! Don't miss this one! No garage; NEEDS SOME WORK - AGENTS: PLEASE SEE PRIVATE REMARKS FOR OFFER DETAIL-Thank you.
Sold: 11/18/99 - $319,000
Sold: 5/22/02 - $318,000
Sold: 8/24/05 - $825,000
Sold: 11/21/06 - $950,000
Sold (bank buyback) 1/22/08 - $795,960
Yeah, I'm feeling ornery tonight. Maybe it was the backhanded (although well-deserved - being backhanded, I mean) compliment in the comments about the blog not being "scintillating".
Maybe it's the fraud that's becoming more and more evident. Someone - oh, wait, the taxpayers - paid $950k for this palace at the end of 2006.
Maybe it's the ever-cheerful-even-when-the-sky-is-falling-and-your-2007-vintage-Porsche-payments-are-past-due attitude of the REAL-tors. I was going to pick apart the listing description, but honestly, why bother? Step right up and get your "starter home". What a joke.
*Deep breath*
OK, now I feel better. I'll put an end to the (blatant, at least) mean-spiritedness. Let's move on, shall we? ...
5 comments:
You think you're ornery...I attended a recent HOA meeting at my building and discovered that about a half dozen of my neighbors are currently renting out their apartments in the expectation that the market will turn around...within a year! By "turn around", we're talking a return to 2006 values. Of course, the real estate bimbo on the Board concurred (she handles both rental listing and sales listings, now) and explained that prices in our particular building have "held up" better than most others in WeHo -- based on the one sale in the past year, and despite the fact that two other apartments in our building just sat for months at lower valuations until being rented out.
I found myself wondering how many other condo owners are getting the same lecture from their resident realtards. It certainly helps explain the high volume of $600+ per sf two bedrooms for sale in the MLS.
I almost bought a house with 735 square feet once. I thought that was about as small as you could possibly get. I love the disclosure about no garage. This place IS the garage! By the time everything deflates, this thing will top out at about $250K. And still be too expensive on a price per square foot basis.
The strangest thing about the sales history is that there was no increase in price from 1999 to 2002. What gives? Oh ya, and this place is absolute POS shack. Who--in their right mind--with 1/2 million to spend would live there?
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