Summer 2017 Market Update: Homes Between $600k – $700k

June 20, 2017
In this series we’re taking a look at homes sold at various price points around LA’s Eastside in the first half of 2017. Since homes in today’s market rarely sell at their asking price, we’ll be focusing instead on selling price. What will a budget between $600,000 – $700,000 get you in Eastside LA and what kind of process should you expect? Read below to find out:
768 Museum Dr

768 Museum Dr: Attention tiny home fans! What this little 1bd 683 sq ft bungalow lacks in square footage, it makes up for in character, updates, and serene outdoor space. Sitting on a woodsy lot on the edge of Moon Canyon in Mt Washington, you’ll probably spend much of your time hanging out on the almost 400 sq ft of decking or gardening in your shaded yard. This sits in one of the most coveted school districts in LA, but would be a tight fit for kids. Was asking $525,000 and sold for $665,000.

 

4906 Granada St

4906 Granada StThis 2bd 926 sq ft Spanish bungalow on a corner lot in Highland Park has been updated with refinished floors, new appliances, marble countertops, new decking, and 2 bathrooms. Was asking $649,000 and sold for $670,000.

 

564 Meridian Terrace

564 Meridian TerraceThis 824 sq ft Highland Park Bungalow has been updated with modern finishes but also retains it’s original hardwood floors, built-ins, and vintage vibe. The xeriscaped backyard is crowned by a garage that’s been converted to a work studio with water, power, and casement windows. Was asking $659,000 and sold for $690,000.

 

329 Vista Pl

329 Vista Pl: This 1,325 sq ft craftsman faces a lesser-known mostly unused walk-street and is accessible from the alley behind the home, which is technically Fisher St. That puts most guests entering the home through the back door and kitchen. If you can get past the backwards orientation it’s a great home in a historic pocket on a private lot with a ton of potential. Was asking $575,000 and sold for $605,000.

 

What to expect with a $600,000 – $700,000 budget:

This price point will give you plenty of options, depending on whether size, finishes, or location is most important to you. You can find a small updated home in a hot area or a larger home that needs some work in a more off-the-radar area.

Like the ones under it, this too is a competitive price point with multiple offers being the norm so it’s good practice to set your search about $100,000 under budget, leaving some wiggle room for a potential bidding war, closing costs, and any unexpected repairs you may encounter. Ready to start looking? Click below to see what’s on the market now and click here –> to contact me today!

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