Real Estate 2.0 Podcast - Happy Holidays

Real Estate 2.0 Podcast - Happy Holidays 2010 (CLICK HERE TO DOWNLOAD)

Topics:
Silver Lake Market Update
Holidays
California Escrows
Title in California
Holiday Party 2010
Cookie Party

Is this great Silver Lake home finally in escrow?

2479 Lanterman Terrace $1,200,000

The Koepke House, completed in 1958 is a lovely post and beam home designed by arch. E. Ralph McSwan. Beautifully sited high atop a hill in Silver Lake, the home offers an upper level with large open living spaces, vaulted ceilings and commanding views of downtown Los Angeles and Griffith Park Observatory. The living room with free-standing fossil stone fireplace flows seamlessly to the dining area, huge outdoor balconies and sleek freshly renovated modern kitchen. The master suite beckons with a bathroom worthy of a five-star hotel. An original fireplace tops off this lovely suite. The lower level houses the private sleeping quarters as well as an impressive den/media area with its own fireplace and another large outdoor deck that spans the entire width of the house. The studio level, accessed through a separate entrance immed. below the lower level of the house features a kitchen area, full bath and its own private deck.

Those in the know have had their eyes on this home when it was listed back in 2008 for $1,850,000 and as we've seen all to often, timing is everything. Unfortunately they didn't get their price and chased the market, never really understanding that the bubble had burst. By Feb of 2009 they were down $1,425,000 and that was more reasonable. This year it came on as a Sale Short sale at $1.3K and they had lots of interest, after all this is a wonderful home with Killer views and a true Mid-Century aesthetic, good floor plan and one of the best bonus/studios we've ever seen. Trouble was the first buyers changed their mind, it happens. When we were contacted by our clients that were looking for a home like this we showed them this house and through negotiations and patience we are now in escrow directly with the owner and it's no longer a short sale. I'm thrilled and we're looking to close before Christmas! If you would like to discuss how we can help you buy or sell in the Ivanhoe School district and surrounding areas of Silver Lake please contact me at mrivanhoespecialist@gmail.com or call me at 323-839-3936. If you would like to be on my mailing list of homes in Silver Lake and surrounding areas please send me an e-mail. You can also go to www.silverlakelife.com for a list of homes currently on the market.

As always, thanks and I look forward to hearing from you!
Mr. Ivanhoe