Reduced on West Norton in West Hollywood
The price has come down on this three-bedroom, two-bath, 1,184-square foot bungalow at 7725 W. Norton Avenue in West Hollywood. Unlike some small homes in the area, this one has a decent-size lot – 5,179 feet, according to Property Shark.
It came on the market in September with an asking price of $799,000, but over the weekend it came down to $745,000. It has a wood-burning fireplace and some nice built-ins. The street dead-ends into Genesee Avenue, so it has no through traffic.
What about comps? Well, the house a few doors down, at 7606 W. Norton Ave., sold for $725,000 in May. It has about the same square footage as its neighbor, but it has only two bedrooms and one bathroom.
Around the corner, the 2+1 at 7526 Hampton Ave. sold in April for $797,500. It has 1,066 square feet, built in 1916. A similar house at 7510 Hampton Ave. sold in May for $757,500.
The 7725 W. Norton house needs some updating, but as a standalone house in West Hollywood, it will probably go fairly quickly. They’re hard to find in the area, and many people prefer homes to condos.
J. P. said:
Cindy – you just gave me a case of buyer’s remorse (I bought the 7510 Hampton house). When I was looking, there was no way you could find a 3 bed/2bath house for under 800k in West Hollywood. Prices have either come way down in WeHo or that house needs some serious work (although from the pictures, it doesn’t look too bad). Oh well, I’m happy with my house, and with the credit market the way it is, I’m not sure my partner and I could have gotten a loan even for the reduced prices!
On a side note, glad that you got your landlord case resolved!
October 8, 2008 2:14 PM
Cindy Allen said:
Hi, J.P. — I’m sure you did fine. The house looked to me like it needed updating based on the pictures. But if you’re happy with your house, enjoy it. Thanks for commenting! And thanks for your good wishes regarding the landlord case.
October 8, 2008 5:40 PM