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High End Short Sale At 10326 Strathmore Dr. Receives Price Reduction

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The Westwood traditional at 10326 Strathmore Dr., LA CA 90024 received a price reduction of 14.36% or $545,000, down to $3,250,000.  Additionally, the property is now being disclosed as a short sale. The large price reduction is most likely to elicit action right away to get an offer to take to the bank. As with most short sales, the banks will not start the process until an accepted offer is in hand. The home has been on the market 118 (+176) days as of today and started with an asking price of $5,595,000 on 12/2/08. This is the 2nd price change during this second listing period that started 5/25/09. According to the public records, the home is a 5 bedroom / 7 bath, 4,610 sq ft home on a 14,984 sq ft lot. Now, since the MLS has stated 0 for the house sq ftg. and states 4 bedrooms / 5.5 baths, its possible that there have been some additions and changes and they don't want to quote the sq ftg according to the assessor. So this is one of those buyers to investigate items.

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