Friday, August 08, 2008

Just goes to show...

...That if a nice home, in a nice neighborhood, with a nice price comes on the market, it will be snapped up quickly, even in this market. I'm talking about 1806 N. Richard in Burbank, pictured here. This house has 3 bedrooms, 2 baths, 1749 sf., a pool, and a music studio above the garage (about 400 additional feet). It has been well maintained and the kitchen and baths have been remodeled. But not with the highest-end finishes. It's in Jefferson school district. It listed on Tuesday for $695,000. The listing agent, who works in my office, tells me there are four offers in on it already, and at least one is over full price. She also tells me that all the would-be buyers are financially well-qualified. Dang. And I was going to show it to some motivated buyers this weekend, too.
Update 8/11/08: Here's another example of things going fast. 1535 Keystone went pending after 6 days on the market. I showed it when it had been on for 4 days and they already had two offers. It is 3 beds, 2 baths, 1354 square feet, with a fountain/grotto that you'd only see in Burbank that practically covered the entire yard. It was listed at $499k, which seems a little low, but a lot of the re-do was of questionable quality.

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