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Price Reduction- 1849 Fox Hills Dr., LA CA 90025

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The home at 1849 Fox Hills Dr, LA CA 90025 received a price reduction this week of 4% or $50,000, down to $1,199,000. Originally listed on 4/21/008 for $1,075,000, the home has received one price increase during the listing term up to $1,249,000 before going into escrow on 6/11/08. On 8/1/08 the home came back to market at $1,249,000 and now received this first price reduction. According to public records this remodeled home is zoned LAR2, 2 bed / 1 bath, 1,293 sq ft of house on a 6,882 sq ft lot.

Anonymous Blogger said...
August 13, 2008 at 11:24 AM  

Looks like someone's playing games... Guess they don't really want to sell this...

August 13, 2008 at 12:00 PM  

I would have to agree with you regarding the games portion. If you look at my previous post about this property you will see that they had 10+ offers intially on the property when it first came on the market. If they had handeled the situation properly, this home would be sold and closed already.

John D. said...
August 13, 2008 at 1:06 PM  

Would certainly be interesting to know why it came back on the market after the 6/1 acceptance. Maybe the appraisal didn't come in high enough? IIRC from the pictures, the house is nicely updated but quite small. I'm not crazy about Fox Hills Dr., because some people use it to cross between Olympic and SM Blvd., and it connects with multifamily properties on one end and Ralphs / Compulaw on the other. Nevertheless, it seems to be a pretty desirable street, securing decent sale prices.

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