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Approved Short Sale At 2206 Overland Avenue

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The home at 2206 Overland Ave., LA CA 90064 received a 9.44% or $76,000 price reduction this week, down to $729,000. Listed on 2/3/10 for $919,000, this is the 3rd price reduction of the current listing term. The property spent about 4 months in escrow, starting in May, only to come back to market in the middle of September. However, the MLS states the home is now an approved Short Sale with the ability to close in 30 days.
According to the MLS, the home is a 4 bedroom / 1.75 bath, 2,054 sq ft of living space on a 6,750 sq ft lot.  In typical Overland Ave fashion, you get alot of house for the money compared to being off the busier street. The home is now asking less than what it was purchased for (875,000 in 2005).