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 bank owned home in Highland Park is approximately 890 square feet. It has 3 bedrooms, one bathroom, on a 4,800 square foot lot. It is currently offered for sale at $164,900.
It was listed for sale June 2004 as a fixer at $399,000. It was later reduced to $349,000; and it sold in October 2004 for $360,000.
It resold March 2006 for $445,000.
Notices of Default were filed, and re-filed December 2007, March 2008, May 2008, July 2008 and August 2008.
It was listed for sale August 2008 for $247,000. It did not sell at the time.
The Notice of Sale was filed December 2008.
The Trustee Sale took place January 2009.
The property is currently bank owned and offered for sale at $164,900.
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
