Comments on: Price Slashing Pays on Sweetzer

By: John

John — Thu, 06 Nov 2008 01:00:41 +0000

353 Sweetzer had a tear down notice on it. It sold for land value. They instantly ripped out the walls, ceiling, kitchen, bathrooms…everything. The house sat with missing roof, doors, windows for over ten years.

336 Flores needed to be completely redone. It was a major fixer. It only had a new roof, new horizontal plumbing but needed absolutely everything else.

359 Sweetzer had been totally renovated, everything, inside and out. It was 1,846 sq.ft. not 1,700. I appraised it for the loan and visited all of these homes inside and out. This information was also on themls.com

There’s more to a property than just a price and square footage.

That said, these houses are worth less now.

By: After Many Price Drops, A Sweetzer Sale | Redfin Los Angeles Sweet Digs

After Many Price Drops, A Sweetzer Sale | Redfin Los Angeles Sweet Digs — Tue, 30 Sep 2008 15:35:50 +0000

[...] included this house in a post I wrote in June about a nearby Sweetzer abode that finally sold following several large price [...]

By: In This Market, The Price Must Be Right | Redfin Los Angeles Sweet Digs

In This Market, The Price Must Be Right | Redfin Los Angeles Sweet Digs — Sat, 21 Jun 2008 21:10:03 +0000

[...] Dramatic price cuts recently helped this house at 359 N. Sweetzer Ave. sell. The owner purchased in 2000, so, unless the house was used as an ATM, there was equity there — and thus price flexibility. [...]

By: Cindy Allen

Cindy Allen — Wed, 18 Jun 2008 15:07:07 +0000

Yes, definitely delusional, LA guy. But someone DID buy it for over a mill — as agents say, it only takes one!

By: l.a.guy

l.a.guy — Wed, 18 Jun 2008 10:50:44 +0000

These are the kinds of listings that people will site as evidence of a massive depreciation in home values, but I would argue the seller was delusional and the house was never remotely worth that to begin with. Of course that doesn’t mean some idiot wouldn’t have come along 18 months ago and bought it for 1.5M, but in this case the price was just way off to begin with. (IMHO)

Nice post though… these are the kinds stories that add value to Redfin and give some local flavor as to what is happening on the ground.