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2nd Price Reduction For 1249 Club View Dr. - Now A Short Sale

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The home at 1249 Club View Dr., LA CA 90024 received a price reduction of 10% or $200,050, down to $1,799,900. The property was listed 80 days ago on 11/1/09 for $2,299,900 and this is the 2nd price reduction of the current listing term. Previously, the home spent 168 days on the market, with an asking price of $2,695,000.  The house is now being marketing as a short sale and the MLS states the homeowner is actively working with the bank in the short sale process. This may be good news for a potential buyer, since typically the bank will not set the wheels in motion for a short sale until the homeowner brings the bank an offer. This may mean the process could be expedited, but one can never guarantee timing on a short sale vs the traditional sale. According to the MLS, the home is a 4 bedroom / 4 bath, 4,042 sq ft on a 8,842 sq ft lot.