1345 N. Hayworth Ave$615,000
2BR + 2BA
1,013 sq ft
HOA Fees: $390/mo
Beautifully restored 2 bed, 2 bath condo in the vintage Hayworth Gardens. One of the best streets in West Hollywood. Light and bright second floor unit. Loads of Character with arched doorways, dark hardwood floors, high ceilings and a wood burning fireplace. Dining room too Tree top views from the vintage French windows. Upgraded baths. Remodeled kitchen has a butcher block counter and stainless steel appliances. Spacious floor plan has great flow.
Sold: 7/26/00 - $259,000
Sold: 11/30/04 - $501,000
Sold: 2/29/08 - $586,500
A few things here:
- Is the 2004 price before the upgrades they mentioned?
- The 2004 to 2008 appreciation seems modest for the peak of the bubble (although prices had started to dip a bit in early '08
In any case, here's a potential "alternative" to the SFR. Better location with the condo, similar sizing to the SFR, although of course, no yard.
3 comments:
I went to see this Open House over the weekend. The renovations were definitely pre-2004, and they're not all that much to write home about, quality-wise. It's lacking in original details like bathroom tile, the kitchen countertops are butcher block and the bedrooms aren't quite large enough for a kingsize bed.
I think the lack of appreciation between 04-08 is really about the fact that the 04 sales price was very inflated.
While it's a lovely, well-maintained 1929 courtyard building, I can't see why somebody would pay $615K for this when it Zillows for $529K and is only 1086 square feet. I think that's really just a wishing price based on the 2008 sales price.
Speaking of this building, here's a 2003-2004 rollback that just hit the market:
http://www.redfin.com/CA/West-Hollywood/1345-N-Hayworth-Ave-90046/unit-204/home/7117200
The owner purchased this for $410K in 2004 and has put in a ton of impovements since. With the current sale price minus commision, he won't get back what he paid for it.
This is a great condo. I really love what I see.
Paula M
Post a Comment