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234 Larsson
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REO, shortie, SFR, TH, whatever –
234 Larsson (3br/3ba, 2300 sq. ft.) finally has a deal after cutting to
$1.0m.
We've watched the home run hundreds of days on market over the past 3 years. Twice.
This time, the listing was mercifully brief at 45 DOM.
From July-Dec. 2006, the dated, tired version of…
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234 Larsson |
REO, shortie, SFR, TH, whatever –
234 Larsson (3br/3ba, 2300 sq. ft.) finally has a deal after cutting to
$1.0m.
We've watched the home run hundreds of days on market over the past 3 years. Twice.
This time, the listing was mercifully brief at 45 DOM.
From July-Dec. 2006, the dated, tired version of the home was offered, with a sale closing much later, in May 2007 at
$1.075m.
Someone went to work on the old TH and radically spruced up the interior. Remember "flips?"
They brought it back on public offer a year later, in June 2008, seeking
$1.5m for the fabulously upgraded home.
Buyers were having none of it.
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Larsson's remodeled interior |
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The listing was a fixture for a year-plus. The offering price gradually came down to $1.199m, and the signs of trouble became evident.
NODs, a trip to the courthouse steps for an auction. Frankly we haven't nailed down where this ended up – the most recent listing agent had "REO" in the brokerage name, but the current agent is from a more recognizably named shop. The listing is now called a short sale, with this very new intro language:
* * * SHORT SALE APPROVED * * * NEED OFFERS ASAP * * *
That come-on seemed to appear along with the recent cut to $1.0m, and the buyer's knock on the door. Looks like a bank will eat a part of the mess.
One thing didn't change over most of the span of 3 separate listings discussed here: The home was always marketed as an SFR.
In fact, it's a "stand-alone" townhome, which has just a couple major implications: you can't change the outside, and you have to pay $100/mo. in HOA fees.
Alas, this listing also cured that problem, eventually. It was re-labeled a "condo" at some point midstream this time.
So they finally called Larsson what it was, finally priced it right and finally found a buyer. Maybe not an entirely happy ending, but those are good steps as this one finally comes off the board.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of July 20th, 2024 at 4:20am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.