There are plenty of statistics, reports and graphs dealing with the presence of foreclosures in current real estate market in Los Angeles. However, sometimes studying one individual case can present a clearer picture than all the combined data.
This 3 bedroom, 1 bath bank owned home is located in a commercial corridor in Highland Park, very near to the Eagle Rock border. City records indicate approximately 940 square feet on a lot that is approximately 7,500 square feet. It is currently listed at $230,000.
It sold in September, 2001 for $151,000.
It re-sold in March, 2004 for $195,000.
It was refinanced in June, 2006 for $310,000.
It was listed for sale in July, 2007 for $590,000. It did not sell at that time.
It was re-listed for sale in February, 2008 for $384,000. It did not sell at that time.
The Notice of Default was filed in September, 2008.
The Notice of Sale was filed in January, 2009.
The Trustee Sale took place in January, 2009.
The property is now bank owned and listed for sale at $230,000.
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
