Must-Sell Shortie Chops Again

Posted by Dave Fratello on Tuesday, December 13th, 2011 at 10:48pm.

A short sale is shaping up to be the deal of the year in the Trees – though if it sells, it won't close till 2012.

That's 2708 Ardmore (4br/3ba, 1850 sq. ft.), a 1973 original that has been remodeled, including the modernization of the kitchen within just the last few years.

We took note of this one just a couple of weeks ago after a $200k cut, but now another $51k has come off the top. It's at $899k now.

Of course, with a short sale, the list price is almost secondary to the question of what the bank will accept. You can work that deal separately.

What the seller needs now is someone talking to the bank, which is sending default notices and could foreclose if a buyer doesn't move in.

We've called this listing a "completely livable west-of-Sepulveda home" for which the "exterior is attractive and the interior spaces quite decent." The upside-down layout isn't perfect, that 4th bedroom (converted garage) is a bit of a false promise, and there's no yard. Still, for the dollars, this one remains compelling.


For some comps and/or points of reference, see our previous post, "Must-Sell Shortie in the Trees."
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