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What's Going On With this Trousdale Estates Short Sale?

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Back in the innocent days of March 2008, this Richard Dorman-designed, three-bedroom mid-century home was featured. It's not clear if the home, which was asking $4.295 million, ever sold, but it does appear that someone started moving stuff around. And now it's a short sale. "Major fixer," reads the listing. "Bring architects and contractors!" They're asking $2.899 million. See how she used to look.
· 1030 LOMA VISTA Dr [Redfin]