Details: 3 bed/3 bath 2,036 sq ft house, 7,200 sq ft lot
Description: Bank Approved Short Sale. First offer $840K gets this amazing deal! 3 bedroom, 2 bathroom English Country Homeincluding hardwood floors, spacious living and separate dining room, Master bedroom suite with large closets and more. Large 2 car separate garage. Agents please read private remarks!!!
Previous Purchase: 6/26/07 - $1,080,000
According to Zillow this house was listed for sale in mid-2009 for $1.175mm, listed again in 2010 and then finally listed this year as a short sale.
SOLD: 3/8/11 - $840,000
This $240,000 decline in value represents a loss of 22.2%.
Believe it or not, I just pulled up Zillow and looked for recently sold houses north of Palms (since one person commented about this area) and this was the first one I clicked on. This decline (in percentage terms) seems a little bigger than what we have seen in Santa Monica but not by much. This house seems pretty decent with good square footage, a good size lot and 3 beds and 3 baths. I don't know the area as well so I would be curious to hear what type of airport noise there is in this specific area. Seems like there should be some but maybe not a ton. I will look at some more 90066 properties but this was just the very first one I clicked on and it seemed like it deserved a blog post.
That's a nice area. No airport noise until you get a few block further north. I can't believe someone paid that price in '07 for a home in that area.
ReplyDeletehttp://www.redfin.com/CA/Los-Angeles/3368-Cabrillo-Blvd-90066/home/6747898
Thank you for doing a post on Mar Vista! Looking forward to more. I agree, this is a nice area, but not $1 million nice in 2007.
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