Close the Books on 1305 8thPosted on Friday, February 17th, 2012 at 3:30pm.
New listings were slow to unfold west of the highway, but there was no such constraint on EMB.
The home felt like what it was: a late-80s home with incomplete remodeling, but it had the asset of lots of space – inside and out.
That's why you go east of Sepulveda. (For the space, not the 80s.)
1305 8th debuted at $1.725m and lasted just 10 days. In early January.
It has now closed for $1.710m.
That quick deal was just a harbinger.
Here are the 7 other quick EMB sales of larger homes in the first several weeks of 2012:
It's a 1997-built, very much customized and updated Spanish with a lot of grassy yard out back. The location is convenient for lots of family purposes, walkable to all levels of school and 2 parks.
1555 8th began at $1.899m and posted a deal before its first scheduled open house.
The home's been upgraded in several places, but isn't perfect, as some 90s finishes fall flat. 1515 5th last sold for $1.7m in 2003; it began this year at $1.998m.
The lot size (6000 sq. ft.) is somewhat smaller than most of the big EMB homes out there (7500 sq. ft. is more common), and the back yard at 3rd is taken up by a pool and small patio. 1231 3rd was up at $1.699m when they made their deal.
This is a huge 1990 build that needs a complete re-do inside. The listing description was open about this, using gentle phrases like, "The 1990's appointments make it idea[l] for remodeling" and "pricing reflects current condition." Pricing was $1.424m, somewhat below a competing listing for a house with the same layout, mentioned in "Battle of the Giant 90s Homes."
This one was a short sale posted in late January at $1.399m. (See "East MB's Newest Shortie.")
It's in drearily original condition, but boasts an unusually large lot (8250 sq. ft.) with a huge, blank yard – a canvass upon which your landscape architect, or pool guy, might paint.
It's a 1990 custom build (Janie Nagy says memorably said it "has a bit of a DIY feel") with a somewhat updated kitchen and a big, bright great room in back opening to a sizable yard. Overall, a big and charming home in a challenged location, waiting for updates here and there.
Five years ago, someone failed to close a purchase of this REO due to the title problem. (See "A Cloud Over 1205 23rd.") This year, we were told it's "fixed," but we put our hopes out there that buyers beware and investigate. Maybe someone will wind up with a steal. This one was last priced at $1.299m. Last week, the "pending" status switched back to "active" for a short time, hinting a problem, but it's back to "pending" now.
We're taking note, whatever the issues these homes have, it was possible to get pretty big houses east of the highway for $1.3-$1.5m, or $1.7-$1.9m for something nicer.
We haven't seen it yet, but Janie Nagy called it "beautiful" which, it would seem, rules out the alternatives.
What's the over/under on how long this one lasts?
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