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.
A reader submitted this home, but is perplexed about the pricing: "This is something like $500,000 plus over the Zillow estimate and $350,000 more than its 2006 sale price. So is it greedy flipping or art beyond a mere price tag....?" Well, let's take a look. The three-bedroom, three-and-a-half bath near LACMA was designed by Janna Levenstein and was recently featured on the cover of Interiors magazine. (Although we could swear we read about this house elsewhere - The LA Times? Our dearly departed and much loved Domino? R.I.P.) The main house is two-bedrooms, with a one-bedroom guest house, and is described in the listing as "Zen-like indoor-outdoor flow is framed by an open plan, walls of glass, and verdant greenery. Gourmet kitchen, exquisite master suite, and cool lines just begin to describe this home." As the reader mentions, the last sale price was quite a bit lower than today's asking price. In Jan 2006, the house last sold for $1.045 million (up from a June 2001 sales price of $485,000). Today's asking price: $1.395 million. Listing is here. *Update: Some more details about the home, per a publicist for the designer. She sends us an email to let us know that the house was placed on the market after doing a major remodel,so wasn't a mere flip, as our reader believed. And the publicist takes issue with a suggestion that her client is a ""greedy developer" rather than someone who has poured an ample amount of her own money into a home they lived in as well as giving back to the community surrounding the home." Fair enough. Also, there is no tarp--as readers seem to think--across the street, according to the publicist.