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Flip Gone Right?

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What Did That Home Sell For?

The home at 10546 Lauriston Ave, LA CA 90064 lasted 64 days on the market before going into escrow on 1/10/09. The property was listed on 11/6/08 for $1,450,000 and received one price reduction down to $1,349,000 after 47 days into the listing period. The home closed on 2/10/09 with a final sales price of $1,300,000.  According to the MLS, the home is a 4 bedroom / 2.75 bath, 1,860 sq ft home on a 6,795 sq ft lot.


The owner/flipper bought the property on 11/1/07 for $992,000. So was this a successful flip? We don't know what costs were spent on the house, but I would say it looks more like a break-even type situation.


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