Listed Just Under $1 Million in Glendale 91202

After featuring a new $1.95 million listing in my last post, I wondered what was on the market in that 91202 area for half the price. My Redfin search turned up 5 properties with asking prices of $929,000 to $999,000. Recent sales comps (here on Redfin) would indicate lower prices for some.

1321 Virginia Avenue, at $999,000, showed up on Redfin nine days ago. This is a 3 bed/1.5 bath home with 1,825 square feet, thus $547 per sq.ft. I’ve travelled past this home on my regular route for years; about three or four years ago I watched the front of the house and its landscaping transformed into one of the jewels on the block. It sits on a fairly large lot, and the listing photos show a large back yard, again, newly landscaped, with a sparkling new pool. A lot of money was spent on this house: the last recorded sale was for $355,000 March 2001, and at $999,000 the listing language indicates that this is a short sale requiring bank approval. As Irvine Renter pointed out this week, Renovations Are Not Riches.

522 W. Kenneth Road came on the market 13 days ago at $995,000. This home is slightly larger, at 2,314 sq.ft., with 3 beds/2 baths, and also completely renovated. For a home with major upgrades in this neighborhood and of this size, its listing price of $430 per square foot matches the average sales comps exactly.

1529 Ard Eevin Avenue was just listed at $945,000. It has 3 beds/2 baths and 2,471 square feet and also sits on a large lot. Signature Spanish Revival homes are a hallmark of this neighborhood; this one sits on a quiet street and is in good condition, although needing cosmetic updates, according to the listing. It is the least expensive property on a square footage basis ($382) in my limited search, and below the average sales price over the past three months.

Million dollar bill courtesy of Simon Davidson.