Knowing what sold recently is the most reliable way to discover the current home value.
By learning what people actually paid for a property, we don’t need to guess as to what buyers will pay today. The Listing Price (or Asking Price) can help to understand the psychology of the seller, but they are only accurate predictors about 1/3 of the time, as about 2/3 of properties in downtown sell for significantly more or less than the asking price. #dtla #sold
Property Values: The above Little Tokyo Loft 3rd floor unit sold this week. Since it went into escrow, prices have increased while inventory has shrunk because the unit was purchased during the holiday season. The busy real estate season in Downtown Los Angeles starts Jan 2 and stays busy all the way until October 29.
The Little Tokyo Loft south side unit sold for a bit less than the asking price. The unit has a leak in the rooftop drain pipe that extends vertically all the way through the building. The pipe is more than 100 years old, and leaks slightly whenever it rains hard. The Little Tokyo Lofts Homeowners Association is again trying to repair the leak. The HOA is being sued by another residents who had a leak in his unit, that damaged his rare hollywood prop wallpaper. Find Downtown and L.A. recently sold loft prices at www.LALoftPrice.com.
Find out how much the loft down the street sold for. Request a free list with sold prices. Fill out the online form:
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit CoreyHasTheBuyers.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.