Category: Sold Homes

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Mega Mansion in Belair Famous for Failing to Sell

This property recently sold for half its multimillion-dollar asking price because it’s not finished

This LA property is famous for all the wrong reasons. It’s a fixer-upper for sure and recently sold for half its expected sale price. With a final sale price of roughly $140 million dollars, including the winning bid plus commissions and fees, as reported by theGuardian.com, this property has a movie theatre and sadly has the distinction of being unlivable. It has all the hilltop look of a 21st-century grandchild to the Ennis House in Los Feliz but with way more pools and parking. These mansions over the top size and Belair address could not make up for the unfinished habitation certification. Hopefully, someone with deep pockets will step in to show it the love it needs to be finished.

#megamansionflops #lafixerupper

How would you tackle a fixer-upper job like this mansion? #comment

Mills Act Properties tend to be historic or owned by famous people. Fill out the online form to see if there is one available for you.

Once this place gets fixed up and owned by someone famous it could eventually become historic and might even qualify as a Mills act property if it is properly listed. We recently reported on a beach house owned by Betty Davis that is also a Mills Act property. On a smaller scale, DTLA has many Mills act loft buildings that qualify for Mills Act status.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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Not many fixer-uppers come with an in-home bowling alley for four.

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

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Home Sales Top 15 Year Sales Record 6 million In 2021

Can’t Build Homes Fast Enough

Happy New Year! Looking to buy in 2022? Last year was a barn burner with 6 million units sold.

The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot on if you were selling a home or buying one.Homeowners saw average home prices skyrocket nearly 20% through the third quarter compared to a year ago, according to the Federal Housing Finance Agency. It was the largest annual home price increase in the history of the agency’s House Price Index. And, in some hot markets, the price increase was double that. 

America’s 10 most expensive zip codes have median home prices over $4 million Homes also sold at a record pace, with sellers often fielding multiple competing bids and all-cash offers. Even homes that were disgusting or burned out sold quickly, and at amounts that were well over the asking price.

Despite low inventory and rising prices, home sales inched higher in October, marking a second straight month of growth, according to a report from the National Association of Realtors.Sales of existing homes, which include single-family homes, townhomes, condominiums and co-ops, rose 0.8% month-over-month. After slowing during the summer, sales reignited in September, which saw a 7% monthly increase.

Year-over-year, home sales were down 5.8% from October 2020, which marked the cyclical peak in the pandemic surge in home buying.

#lahomeprices #entarispowerful

Fill out this online form to get updates on 2022 home sales.

Lawrence Yun NAR’s chief economist, said this year’s sales are on track to surpass 6 million homes, which would be the strongest performance since 2006.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Scary real estate market of Downtown Los Angeles
Scary real estate market of Downtown Los Angeles

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.