Details: 3 bed/2 bath 1,254 sq ft house, 4,800 sq ft lot, "remodeled"
Description: Perfect Southern California Cottage. Fantastic Location ~. This remodeled house with guest house is set behind tall hedges offering complete privacy. The 3bed/2ba main house has dark hardwood floors, crown molding, skylights, vaulted ceilings, fireplace, recessed lighting, and a home security system. Very well lit and charming . Master bath features carrera marble sink and tub. The updated kitchen has a garden window, walk in pantry and custom tiled countertops. A brick patio/courtyard separates the main house from the guest house, and is perfect for al fresco dining. The 1 bed (w/cedar closets)/1 bath guest house has a family room and office and skylights. This is ideal for those who work from home or a great playroom for kids. This north of Montana home is walking distance to great shopping and restaurants, and moments away from the Santa Monica beaches and bike path.
Previous Purchase: 7/25/05 - $1,575,000
Listing History: 10/20/10 - $1,750,000
Reduced down to - $1,639,000
SOLD: 4/12/11 - $1,493,000
Location discount properties such as this showed weakness first and seemed to decline the most during the downturn. They certainly seem to be a little more weak in the current environment and this could be a leading indicator of overall weakness but there aren't a lot of data points and I'm not convinced there is a big overall decline ahead.
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