1307 N. Fairfax (90046)$595,000
2 BR / 2BA
1,020 sq ft
Lot Size: 3,450 sq ft
AN URBAN OASIS COMPLETELY GATED, HEDGED & VERY PRIVATE. Short of a fresh coat of paint this property is totally turnkey and offers an amazing opportunity to buy a house for the price of a condo. tranquil fountain entry, High ceilings in the industrial, fully equipped kitchen w/Wolf range. Living room with fireplace. Recessed lighting and built in sound system throughout. Spiral staircase to rooftop. Garage converted to guest/art/office studio, 3 outdoor garden areas, great indoor/outdoor flow.
Sold: 1/26/01 - $355,000
An interesting property here. Cons are that you're on the busy (to put it lightly) corner of Fairfax and Fountain, and with the garage converted to a studio, parking must be on the street (permit).
On Edit: Thanks to Full Disclosure for pointing out that my quick drive-by of the address location was incorrect; it's actually one house in from the corner.
That said, you have a decent corner lot, a property seemingly set back enough from the street, and redone inside. You're also truly in WeHo, as odd addresses in this section of Fairfax are in the city boundaries.
Redfin shows that condos in the same size range in 90046, over the past 6 months, have sold for an average of approx $450/ft. That would put this place at just over $450k, but of course, you have a stand-alone house and property. So determine what that's worth to you.
I have not seen this property, but am betting that it will go fairly quickly at this price or slightly lower. Of course, I believe we'll see similarly-sized condos priced in the mid-$300s when all is said and done, which might make $600k for a slice of Fountain/Fairfax heaven seem a bit steep a year or two from now. But, with conforming loans hovering at 5% and the tax credit, it's certainly "affordable".
3 comments:
It's actually the second house in from the corner and thus shielded just a bit more from the heavy traffic.
Only a few WEHO SFRs have dipped below $600K recently. This one looks pretty well put together when compared to some others below $600K, but its location screams discount please!
I would agree. It seems way overpriced, given that it's a pretty noisy corner with a red light camera. But my version of reality and the market's clearly disagree, so it will probably sell. I do notice that I see homes for rent on craigslist. Seems like a signal that there is much more stuff out there than what I see on redfin.
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