Welcome to this version of "New To Market," our look at a listing with a reader vote. Consider this an unscientific way to take the buying pulse of a wary public. Feedback and nominees to the tipline, please.
Are there any homes on the MLS these days that aren't bank-owned foreclosures? This 1923 three-bedroom, 1.75-bath is over 1,300 square feet and is being sold "AS-IS AND PRICED FOR QUICK SALE." Ok, broker, no need to shout. It looks like the previous owners took everything that wasn't nailed down, including all the kitchen appliances. The house (a couple of blocks off of Alvarado Street, it looks like it's located in the Westlake/Macarthur Park vicinity) features updated plumbing, electrical, and baths and a small patio. In June 2005, the house was sold for $435,000. In August 2008, the bank resale price was $389,450. Today's asking price: $276,900 or $213 a square foot. Redfin listing is here.