But no matter. According to the story, the buyers, a married couple from Texas, are paying mostly cash for the North Kings Road house in Los Angeles (the pool area is pictured above) and will still pay the agreed-upon selling price, which is said to be just under the asking price.
Gee. Must be nice to be able to 1) overpay for a house and not worry about it and 2) skip that nasty mortgage-qualification process.
Meanwhile, here are some nearby Hollywood properties that have sold recently — we hope at or below their appraised value.
1716 Queens Court, Los Angeles
Sold for: $2,495,000 on 8/13/07
3BR, 3B, 2,532 square feet, $985/square foot
8809 Evanview Drive, Los Angeles
Sold for: $1,485,000 on 8/2/07
3BR/3B, 1,926 square feet, $771/square foot
8341 W. Sunset Blvd., Apt. 7, Los Angeles
Sold for: $1,425,000 on 8/8/2007
2BR/2B, 2,990 square feet, $477/square foot