Recently The New York Times published an article titled Homeowners and Investors May Lose, but the Bank Wins describing the difficulties a homeowner has experienced in attempting to negotiate a "short sale" of his Mt. Washington home.
A review of public records for this property ads another dimension to the story. Public records indicate a 1 bedroom, 1 bath home, built in 1950, 684 square feet, located in a very desirable area of Mount Washington.
Sold 10/25/1989 $80,000
Sold 12/5/2003 $275,000
Sold 5/19/2004 $450,000
Sold 12/3/2004 $639,000
Re-fi Loan 5/12/2006 $711,500
Additional Loan 5/30/2007 $85,000
And from the I-Tech MLS:
Reported Pending 2/2/2009 $474,000
Reported Pending 4/27/2009 $474,000
This article is not intended as an advertisement of any property listed by another brokerage firm. It is intended only as a report of current real estate market conditions.
However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you.
Bob Taylor Properties, Inc. – 323-257-1080 — bobtaylorprop@gmail.com — 5526 North Figueroa Street, Highland Park, CA 90042
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