kaulat

Address: 37 58TH Pl, 90803 Asking Price: $1,049,000 Beds: 3 Baths: 3.5 Sq. Ft.: 2,305 $/Sq. Ft.: $455 Lot Size: 2,396 Sq. Ft. Year Built: 1923 MLS#: P693252 On Redfin: 177 days Down Payment: $210,000 Income Requirement: $262,000 Monthly Nut: $6,700 Description: Check out this fantastic ocean and bay view peninsula home PLUS INCOME! Front house is a two story two bedroom two bathroom home. The entire second level is master bedroom with a giant ocean and bayview patio and enormous bath with a sauna! Rear building has a one bedroom and studio unit. Rents coming in at $2050/month. That offsets over $380,000 of mortgage at 5%! It seems potential buyers have been checking out this "fantastic ocean and bay view peninsula home" for quite some time now. And yet a sale eludes this guy. With photos like these, I simply can't figure out why. Check out this kitchen: Magnificent! I have to admit this view from that "giant" patio is incredibly impiressive: The master bath (...

215 South THE TOLEDO, 90803 Approved Short Sale Price: $1,450,000 Beds: 4 Baths: 4.25 Sq. Ft.: 3,345 $/Sq. Ft.: $433 Lot Size: 3,390 Sq. Ft. Year Built: 2008 MLS#: P616675 Down Payment: $290,000 (assuming a bank would let you get away with "only" 20%) Income Requirement: $363,000 Monthly Nut: $8,800 On Redfin: 718 days Description: Short sale approved at list price. Can close qickly. Brand New Custom Home. This New Home has Big Walkin Closets In every bedroom on the second floor! Downstairs bedroom and bath can also be a maids Bedroom or office. Double door Formal entryway that leads into a huge Kitchen with upgrades and a great room with its own half Bathroom. Oversized Attached Garage. Curved Stairway that Leads you to Laundry room and second floor with Master bedroom that has two walkin closets, Fireplace, Master bathroom and private balcony. Second Floor hall way leads to two more Bedrooms, each with walkin closets and private baths. Private Door leads to the third story ...

After two-and-a-half years on the market,  Dawson's Crock , complete with Ghetto Gate and gang member graffiti, sold on October 20 for $300,000 . Congratulations to the new homeowner!  Enjoy those 764 square feet!

Ho, ho, ho! Hope you had a wonderful Christmas or a Happy Hanukkah or are still anticipating your holidays! Alex and Rachel arrived Thursday via Megabus from the City, just an hour or so after I showed my last house before the weekend. Yes, it was Christmas Eve, yes, the owners were most gracious and home, and yes, it was a very worthwhile showing. As far as Skaneateles is concerned - no really new listings (one waterfront re-list), no contingencies and no new pending sales. Nothing (officially) closed either, so we are still at 77 for the year. That didn't take long! I did speak with a builder who told me that in the past couple weeks his phone has been ringing off the wall - hooray! I do think the New Year will bring us prosperity. It was a very prosperous Christmas for us. Rachel loved her Vera Bradley stocking that Intrepid Janet and I found for her. The peppermint bark that Williams Sonoma sells was also a hit. Alex's theme was "blue clothing" this year -...

...and an especially happy new year.

Yes, this is the actual photo from this listing: Address: 1735 TEMPLE Ave, 90804 Wishing Price: $489,000 Beds: 3 Baths: 1 Sq. Ft.: 1,342 $/Sq. Ft.: $364 Lot Size: 8,400 Sq. Ft. Year Built: 1927 MLS#: P618531 On Redfin: 703 days (It's actually first appeared on the market in 2005!) Down Payment (FHA): $17,115 Income Requirement (4x income): $122,250 Monthly Nut: $3,000 Listing Description: BEAUTIFUL HOME LOCATED AT FOOT OF SIGNAL HILLS. HOUSE HAS BREAKFAST NOOK, FORMAL DINING ROOM AND IS LOCATED ON AN EXTRA LARGE LOT. PERFECT HOME IN A PERFECT LOCATION. VERY MOTIVATED SELLER, PLEASE BRING ALL REASONABLE OFFERS. THANK YOU. Hey, shithead, it's called "Signal Hill," not "SIGNAL HILLS." Welcome to Long Beach, dickhead. Spend some time...maybe you'll learn a little bit about the city. And spelling. And proper use of the CAPS key. "PERFECT HOME IN A PERFECT LOCATION"? This is only true if you're a big fan of handgun fire and home invasion robber...

Remember this purple pimple eater? The price was "$508,000" and changed to "$526,000" So let me get this straight. You've been molting on the MLS since May 2008 and now you come to the brilliant realization that what your listing really needed all along was a price increase ? Just how many purple paint chips have you been eating, sir? The property is now listed as a short sale, but does anybody really think the bank will sign off on a massive $300,000 loss? It's a moot point because even if the lender does agree, the market has made it abundantly clear that any price above $500,000 for this dump is like buyer kryptonite. Worse yet, the property has apparently fallen into disrepair and now has even less of a shot of selling. Instead of wasting his time waiting for a miracle, this seller needs to accept that no buyer will magically appear to rescue him with $526,000 . You fucked up and overpaid--accept it and move on.  There is no happy ending here. ++++++++++...

2805 East 3RD St #14, 90814 WTF Price: $425,000 Beds: 2 Baths: 2 Sq. Ft.: 1,000 $/Sq. Ft.: $425 (The highest ppsft in this zip is $314) Year Built: 1974 MLS#: S596231 Source: SoCalMLS On Redfin: 30 days HOA Fine: $263 Down Payment: $15,000 (FHA) Income Requirement (4x income): $106,000 (FHA would probably be more lenient here) Monthly Nut: $2,900 (FHA) Description: Fabulous opportunity! This Belmont Heights condo is completely re-done in the highest quality. This property is turn-key and immediate occupancy is available. Upgrades include: Spectacular walnut kitchen with cove ceiling with recessed lighting, tile flooring, stainless steel stove and dishwasher. Eating area. Crown mouldings and baseboards as well as new doors and casings throughout. Living room has an enclosed balcony, beautiful fireplace and is wired for a flat screen over the mantle. Both bathrooms highly upgraded including granite counter tops. The Master bedroom has new fan with lighting and balcony. A walk in closet ...

Ho, ho, ho! Now that the snow is here I am off and shopping! I went with a client to find a house for him and his fiancee and then on to Barnes and Noble. Just a lovely way to spend a snowy day! There are currently 109 active listings in the Skaneateles area as defined by the multiple listing service. Only one listing came on this week and it's a waterfront re-list in the mid-$500,000 range. I checked median list prices - the number is $359,900. There were no new contingent sales or pending sales this week. Or even closed properties! Bah, humbug! However! We have the first sale of a condo this year. One of the units in the newly renovated Seitz Building at the corner of Jordan and Genesee has been marked contingent. This is an excellent sign. Back to median prices since there is so little news. Year-to-date we have had 77 closed properties. The median list price of these was $325,000. The median sales price was $300,000. So "The Bid" for any house was - n...

761 N. Toledo, 90813

I apologize for the recent focus on 90803 bungalows, but these nitwits and their delusional senses of entitlement have to be called out. Address: 222 SAINT JOSEPH Ave, 90803 Asking Price: $875,000 Beds: 2 Baths: 2 Sq. Ft.: 1,600 $/Sq. Ft.: $547 Lot Size: 4,050 Sq. Ft. Year Built: 1937 MLS#: P694685 Source: SoCalMLS On Redfin: 157 days Down Payment: $175,000 Income Requirement: $220,000 Monthly Nut: $4,800 Description: BACK ON THE MARKET!!! Will consider trade for a duplex with a yard. Restored, enlarged Belmont Shore showplace home on a larger lot. 2 bedrooms / 2 bathrooms plus office and den. Gorgeous landscaping with waterfall and pond - featured in Long Beach magazine. Spa. Newewr bathrooms and kitchen. Shower / steam room. Double garage behind available. Forced air heating & cooling, tankless water heater. Fireplace in living room. Crown molding & hardwood floors. Granite kitchen tile and bathroom floors and counter top. "Will consider trade for a duplex with a yard....

The list price was "$639,000" and changed to "$599,900" For those keeping score at home, this failed fliptard is now $5,000 below his 2008 purchase price. After commissions, we're talking about a $36,000 loss plus however many tens of thousands of dollars in upgrades and improvements. Man, what the fuck were you thinking paying $625 per square foot last year? By that point you had been inundated by the media about the Great Housing Bust for at least six months! This is going to end very, very badly for him. It's too bad he wasn't a reader of this blog back in '08. He could have saved himself a lot of money and heartache. ++++++++++++++++++++++++++++++++++ After reading some recent posts, a dear friend noted that I'm awfully negative and really bash the hell out of sellers. I tried to defend my position and explain that delusional sellers put themselves out there for ridicule and that harsh treatment by yours truly is not only well deserved,...