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New To Market: Mt. Washington Bungalow

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The owner of this 1924 bungalow in Mt Washington (or is it Cypress Park?) might be a little optimistic on pricing. The two-bedroom, one-bath house is on a 6,669 square foot lot, but it looks like most of that land is hillside. The listing notes the hardwood floors, original windows, and "low care landscaping." The house was last purchase for $280,000 in Jan 2003, after a jump from $85,000 in 1999. Today's asking price is $447,500 or $437 per square foot (according to Redfin, neighborhood comps are closer to $300).
· 3348 Scarboro St Los Angeles, CA 90065 [Redfin]