Silver Lake, Sellers & Summer Heat

Real Estate 2.0 Podcast - Silver Lake, Sellers & Summer Heat (CLICK HERE TO DOWNLOAD)

Topics:
13th Podcast Episode
Income Property
Owner Occupied Property
Multiple Offers
No Contingencies
Online Real Estate Searches
Zillow, Redfin, Trulia
$8000 Tax Credit
Wave of Foreclosures
Selling in This Crazy Market
Deal in Los Feliz
Modern in Echo Park

Ivanhoe English Cottage

2 bedrooms, 1 bathroom

List price: $650,000

Adorable redone 2+1 English country gem in prime Silver Lake w/ double dutch door. Front yard is completely private w/ lush greenery and charming Spanish courtyard. Tranquil deck extends the indoors out for entertaining or relaxing in the backyard. Completely remodeled kitchen and bath. Garage converted to use for office or work out room. Newer roof. This is a must see for your most discriminating Buyer. Located on a quiet cul-de-sac in Ivanhoe School District.

Ah yes. Once again there is nothing that we love more than reading the descriptions of new listings. Ha. This Ivanhoe retreat has a "double dutch door". We're Sold!

Our favorite description verbiage that listing agents use is "must see for your most discriminating Buyer". Really? Who actually believes this stuff and who are these discriminating Buyers?

This is one of those houses that still has enough original character that most Buyers will be willing to over look the subjective updates the owners have made. We are not saying the updates are good nor bad, but they are definitely subjective. There is no reason this house shouldn't be sold in the first week. Good luck house hunting this week Buyers and best of luck to you Mr. Seller.

For more info, call Mr. Ivanhoe at 323-839-3936.

Laguna, Listing Agents, Long Escrows and Thundergut

Real Estate 2.0 Podcast - Laguna, Listing Agents, Long Escrows and Thundergut

Topics:
Gangsta Introduction
Thundergut
Labor Day
Laguna Beach
La Canada Fires
Cocky Listing Agents
Multiple Offers
$8000 Tax Credit
Short Sales
Ivanhoe on Twitter
Ivanhoe Duplex Deal
Appraisal Issues
Highland Park

New price reduction on Silver Lake Duplex in the Ivanhoe School district!

MAJOR PRICE REDUCTION. Traditional 2sty duplex with great curb appeal. Impressive & elegant. Extra large units, great room proportions, many original details. Grand living rooms with fireplaces, beamed ceilings, Peg & Groove flooring, formal dining rooms, spacious kitchens with breakfast areas/home offices. Opulent master bedrooms & baths, romantic balcony, terraced grounds,private patios, street to street lot. Ready for new owner occupancy or high end rentals. Ivanhoe School District!

Here's the deal on this one, both units will be delivered vacant! How often does that happen? This can really begin to make some financial sense at this new price, when you think that a single family home on Panorama recently sold for the same price as this this duplex it seems worth looking into income property. With 20% down on a conventional loan you could lease out the top unit and get more then half of your mortgage payment paid while you're building wealth and getting into the Ivanhoe School district. Because of the location and school district, resale value is there as well. If you would like to know more about this property or need help with your search on any others in the area please e-mail mrivanhoespecialist@gmail.com or call 323-839-3936
Thanks,
Mr. Ivanhoe

Ivanhoe Real Estate Statistics - Silver Lake

So with the real estate market the way it is, what is going on in the trendy portion of Silver Lake that includes the ever-so popular Ivanhoe Elementary School? Let's take a close look.

Year-to-date from January 1st, 2009 until today, September 3rd, 2009 the Ivanhoe district of Silver Lake has had a total of 39 single family homes sold. (This does not include condos, or income property, ie... duplexes, triplexes or apartment buildings.)

Of the 39 Single Family homes SOLD:
Highest price - $1,890,000
Lowest price - $505,000
Median price - $855,000
Average Days on the Market - 80 Days
Average Square footage - 2,242 Square Feet
Average price per square foot - $435
Average Price total - $974,619
Houses are selling at an average of 1.81% below the asking price.

There are currently 12 Single Family Homes FOR SALE, and 14 Homes IN ESCROW in the Ivanhoe district of Silver Lake.

Source: Data comes from www.themls.com. Please contact us for more info.