Summer 2017 Market Update: Homes Between $800k – $900k

June 28, 2017

In this series we’re taking a look at homes sold at various price points around LA 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 $800,000 – $900,000 get you on the Eastside and what kind of process should you expect? Read below to find out.

1055 Alta Pine Dr

1055 Alta Pine Dr This 1952 Altadena mid-century post & beam was designed by Case Study architect Kemper Nomland (but is not a Case Study home). This home was very well-preserved overall but needed some work & updates. Walls of glass bringing the outdoors in and a thoughtful layout are hallmarks of these incredible homes. Was asking $769,000 and sold for $900,000.

 

 

2303 Riverdale Ave

2303 Riverdale Ave: Frogtown continues to be one of the hottest hoods in LA. This 2bd, 2ba, 1,100 architect-designed Spanish home comes complete with restored hardwoods, central heat & air, solar panels, a remodeled kitchen, a full garage, a deck, and a meandering garden path leading to a pergola. Was asking $749,000 and closed 3 weeks later for $849,000.

 

3937 Roderick Rd

3937 Roderick Rd: Enter this 1,486 sq ft Glassell Park Spanish home through a private courtyard and walk up the steps to panoramic views. This home features all the things we appreciate of this style and era – the hardwoods, arched doorways, and tilework – with the added bonus of a location right in the middle of the Eastside action. Was asking $749,000 and sold for $825,000.

 

1720 Winmar Dr

1720 Winmar Dr: This Glassell Park home was a hot commodity and it’s no wonder, look at that yard and those views! The home was only 1,074 sq ft (though felt a little bigger due to high ceilings and it’s hillside perch) but the massive 7,694 sq ft completely enclosed lot is a rarity in this area, featuring both a flat grassy area and multiple decked hillside areas with views. Fully remodeled and sitting pretty on the edge of Glassell Park and Mt Washington, this home was asking $649,000 and went $181,000 over asking closing for a whopping $830,000!

 

4126 Sea View Dr

4126 Sea View Dr: A great middle-ground between square footage and location, this 3bd 1,680 sq ft home sits on a super-private portion of Sea View Ave (one of the most sought-after streets in Mt Washington) and is walkable to coveted Mt. Washington Elementary. It could use some small updates but still has large bedrooms, nice hardwood floors, and a huge 8,914 sq ft lot. Was asking $799,000 and sold for $890,000.

 

What to expect with a $800,000 – $900,000 budget:

This price point has a little something for everyone. You can be in a smaller but nicely updated condo or home in the hottest area, get a little more square footage for a slightly less-updated home in a great area, or go another 5-10 minutes out and get a large home with a mix of updates or even 2 homes on a lot.
Though this price point has plenty of options, it also has plenty of competition. It’s not unusual for homes to go $100,000 or more over their asking price. Depending on what level of finishes and what neighborhood you’d like to be in, it’s safe to plan on shopping about $100,000 – $200,000 under budget to give yourself wiggle room for closing costs, bidding wars, and unexpected repairs.

Related Posts

SOLD: 3561 Verdugo Vista Terrace in Glassell Park

SOLD: 3561 Verdugo Vista Terrace in Glassell Park

With four bedrooms and a lush private yard, this generous home invites you to spread out and get comfortable in trendy Glassell Park. 1990 construction provides 2,200+ square feet of living space in a contemporary layout to suit all of life's needs. Wood flooring flows through the entry level that...

read more
How Important Are Listing Photos?

How Important Are Listing Photos?

According to the National Association of Realtors 2021 Profile of Homebuyers and Sellers 95% of buyers use the internet in their home search. And what's the first step getting a buyer's attention on the internet? Beautiful photos, of course! A home's listing photos are one of the most important...

read more
Preparing Your Home for Photos

Preparing Your Home for Photos

Professional photos will help you get top dollar for your property, but even the best photos can't mask a home that looks dirty or cluttered. Here are some things you can do to make your home look it's best in photos:underneath it all Sweep, vacuum, and/or mop Wipe dirt and smudges from walls...

read more