Tuesday, May 22, 2012

1021 N. Lima in Burbank - talk about multiples!

This is 1021 N. Lima, Burbank 91505.  It just went on the market a few days ago and it is the perfect "granny" house.  By that I mean that it is original but spiffed up -- no bumped out kitchen, no weird additions, no redone floors (orange pile carpet in this one) but still in basic excellent shape.  It's a 2 bedroom, 1 bath, about 1100 square feet, with a grassy back yard.  It is being sold by a family trust for $429,900.

I am not the listing agent, but clients of mine made an offer on it.  So did 14 other groups.  15 offers!  Yes, buyers are back out in full force thanks to low interest rates.  Alas, my clients did not get this.  I am told it went out over $450k.

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