Address: 627 Euclid - 90402Details: 2 bed/2 bath 1,244 sq ft house, 7,500 sq ft lot, "remodeled details"
Description: This beautiful & bright home exudes sophistication w/ its fine remodeled details, while still maintaining its long-established traditional charm. With 2+2 & a den, the property features plenty of natural light & striking touches throughout. The yard is private & inviting, perfect for a BBQ complete w/ a beautiful salt-water pool & spa. Great location North of Montana, close to shops & restaurants.
Previous Purchase: 10/23/07 - $2,298,000
Listing History: 1/30/10 - $1,980,000
Reduced down to - $1,849,000
SOLD: 4/9/10 - $1,749,000
This is a loss of $549k (24%). A previous sale took place in July 2003 for $1.4mm but I don't know when the "remodeled details" were done so it is hard to do exact rollback analysis. At worst this sale that just took place seems like a later 2005 rollback based on the 2003 price and at best maybe it is closer to a late 2004 (when adjusting for upgrades). Hard to get an exact read but either way it doesn't seem super attractive.
Why would somebody pay that much for this property? The picture doesn't excite me at all.
ReplyDeletelot value?
ReplyDeleteThis is a great pair of data points. The 2007 sale represents a premium over 2007 lot value (307 Euclid sold for $2,050K on 6/13/07), so current lot value similarly must be lower, consistent with $1,600K sales in the last year.
ReplyDeleteI must say that the upgrades in this house were disappointing at best...some paint and cheap, quick fixes...the rooms~tiny...there are 3 things going for the house...cute, backyard and location, not enough for the price...sorry
ReplyDeletetear down...on a not so good street. and not so good lot
ReplyDelete