Received an email from my handyman who is curious as to what is going on with a home listed for sale in La Canada near Descanso Gardens.  He thinks it is outrageous that a home listed for nearly $1.2 has weeds and a brown lawn.  So here's the scoop:

The  home sold in April of 2007, for $1,400,000 – at the time it was advertised as suitable for building your dream home.

It is now on the market for $1,197,000, according to the MLS it is tenant occupied and still being advertised to build, not to rehab, or even inhabit.  The list price is subject to lender’s approval of short pay off.

It appears that in 2007 the home was purchased and the buyer was going to build a new home, either for himself or on spec; perhaps the buyer could not build the type (size) of home desired, or perhaps the buyer decided that since the market down turn, now may not be the right time…but probably something along these lines.

So here it sits and deteriorates, and the neighbors are living with the eyesore.