Overbidding frenzy leads to failed La Canada Flip
In July 2006, there were 8 offers on this La Canada home; then the property fell out of escrow with the original buyer, but quickly bounced back in with one of the other offers.
Specs: 3&3, Lot: 12,280, Sq Ft: 1679
MLS Stats:
Listed 7/06 $1,175,000
Sold 9/06 $1,329,000
The Flip:
MLS Stats:
Listed 1/08 $1,295,000
6/08 Sold $1,150,000
The home was vacant at the time of this listing. MLS Remarks: "Build or remodel your dream home on Descanso Drive. Large private lot with incredible backyard. Current house is original 1964 house. Seller has approved plans that are ready for the permits to be pulled and start construction right away. Approved plans are for a two story cape cod style home with 4 bedrooms, 5 bathrooms in 3,650 square feet."
Specs: 3&3, Lot: 12,280, Sq Ft: 1679
MLS Stats:
Listed 7/06 $1,175,000
Sold 9/06 $1,329,000
The Flip:
MLS Stats:
Listed 1/08 $1,295,000
6/08 Sold $1,150,000
The home was vacant at the time of this listing. MLS Remarks: "Build or remodel your dream home on Descanso Drive. Large private lot with incredible backyard. Current house is original 1964 house. Seller has approved plans that are ready for the permits to be pulled and start construction right away. Approved plans are for a two story cape cod style home with 4 bedrooms, 5 bathrooms in 3,650 square feet."
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