EDIT -- The listing has now been "withdrawn". So this was listed for one day. I did a post that day and overnight it goes to "withdrawn". Interesting.
Address: 2323 California - 90403
Details: 4 bed/3 bath 3,400 sq ft house, 5,060 sq ft lot
Description: Open House Sun 2-5pm Nature living in the city. Beautifully country garden in front of this fully equipped home located in a peaceful residential area of Santa Monica. Close to shops, transportation, movie theaters, and upscale restaurants. Easy to bike ride to Venice beach, downtown Santa Monica, Third street promenade and Montana Ave. Best sunny whether and fresh ocean breezes. French doors and hardwood floors throughout. Great for entertaining. Two car garage. Just one block from the new whole foods store and Douglas Park, the most popular children's playground on the westside, and center for activities for families. One block away are two tennis courts open all day and lit at night for night time playing. Malibu beach just minuets away the playground of the Hollywood elite, attracts surfers, kayakers, and bathers as well. Of course world famous Santa Monica beach one the the most beautiful beach in the world along with Santa Monica pier the end of the road for Route 66.
Previous Purchase: 4/28/89 - $495,000
Listing History: 3/5/11 - $2,595,000
I think this house is wildly overpriced. Small lot, not the greatest location, house is old.
For comparison, readers will remember my last post about a property less than one block away that I did back in May 2009. 1024 23rd was a 4 bed/4.5 bath 3,500 sq ft house on a 6,118 sq ft lot. It was brand new construction and it sold in May 2009 for $2.425mm. Even if you argue that the buyer got a good deal due to timing, I don't think the market has moved up that much since that time. So what you have here is that this house on California is priced HIGHER despite the fact that it is slightly smaller, is on a smaller lot, has 1.5 fewer bathrooms, and it isn't even close to new construction!
Good luck delusional sellers.
Looks like this place has now been relisted at the same price as before, per Redfin. I'm seeing a relatively new trend occurring: there's a new listing, then a delisting/withdrawal on the very same or next day, then a relisting soon afterwards. Sometimes there's a "hold" placed on the delisted property for a long time. It seems to be happening with more frequency on L.A.'s Westside, especially with short sales.
ReplyDeleteThanks for highlighting short sale shenanigans in previous blog posts. I have a feeling the true extent of the "Short Sale Scandal Story" is yet to be written but it's happening under our very noses right now but so hard to sniff out!
Relatively new trend of relisting?
ReplyDeleteOldest trick in the book
I don't understand why you would list for one day and then pull it and list it again so quickly. I didn't see if they changed agents so maybe that is it. It isn't like they reduced the DOM by much...2 days? Not worth the hassle. At least it now has a more useful description. But the most important thing is price and they utterly failed there. Should have cut it.
ReplyDeleteI just put an offer in for a short sale (again). Both times on Redfin, it was delisted, the relisted, then a week later it went "Sale Pending". Not a broker, don't know the mechanics of it. (Of course, the irony is, the offers were way below market, not bank-approved, and i put up no money. so to call them "sale pending" is a bit of a reach.)
ReplyDelete