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Sunday, September 11, 2011

16.4% Off Peak Price In The Canyon

Address: 427 Sycamore - 90402 (canyon)

Details: 3 bed/3 bath 2,859 sq ft house on a 5,270 sq ft lot, heavily remodeled

Description: Lovely and gracious shingle clad East Coast Traditional on beautiful and quiet Sycamore road, just a few blocks from the Pacific. Highly upgraded and remodeled with a wonderful floor plan with all the right rooms. Huge sunny eat-in kitchen with breakfast area and adjacent family room that opens to private yard. Features lovely hardwood floors, crown moldings and two beautiful fireplaces. There are 3 bedrooms upstairs including a gracious master suite.

Previous Purchase: 5/3/06 - $3,065,000

Listing History: 6/20/11 - $2,595,000

SOLD: 7/28/11 - $2,562,850

This $500k loss amounts to 16.4% off of what was likely near peak price for this house. I think the remodel looks pretty nice. Just another data point in another part of town. Sellers were smart and listed at a realistic price and sold it quickly.

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