After Many Price Drops, A Sweetzer Sale

I included this house in a post  I wrote in June about a nearby Sweetzer abode that finally sold following several large price drops.  It’s at 321 N. Sweetzer Ave. in the Beverly Grove area, and it originally landed on the market in February at a price of $1,165,000.  Three months ago, the price had come down to a more reasonable, but still high, $1,049,000.

The place finally sold, but for much less than asking:  $965,000.  It has three bedrooms and two baths in 1,916 square feet and was built in 1929.

There are of course other nearby homes for sale, but what’s most relevant in this market is what has actually sold.

In light of the current economic meltdown, it’s evident that some people are not being affected at all, judging by the high prices at which most of these homes are selling. 

317 N. Kings Road
Sold for $1,150,000 on 6/13/08
2BR/2B/1,676 square feet

113 N. La Jolla Ave.
Sold for $1,115,500 on  7/15/08
3BR/2B/1,481 square feet

461 N. Harper Ave.
Sold for $675,000 on 8/22/08
2BR/1B/1,257 square feet

122 N. Kilkea Dr.
Sold for $1,800,000 on 8/26/08
3BR/2B/1,977 square feet