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 is a 3 bedroom, 2 bath bungalow in the Garvanza District of HIghland Park. It is approximately 1,081 square feet. Some renovations were made by a previous owner. It is currently bank owned and offered for sale at $319,900.
It sold in May 1999 for $120,000.
It sold in September 2002 for $240,000.
It was listed in January 2005 for $460,000, and sold in March 2005 for $470,000.
It was transferred in March 2006 with an indicated value of $520,000, and a mortgage of $468,000.
The Notice of Default was filed in February 2008.
The Notice of Sale was filed in May 2008.
The Trustee Sale took place in July 2008.
The property is currently bank owned and offfered for sale at $319,900.
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
