April 17, 2008

Whose House Is It Anyway?

Beautiful looking house ain’t it? Problem is it’s not the house for sale in the listing, 152 W Norman. Spotlighting another house to sell your property isn’t just a bad decision, it’s a misleading one– even this particular listing is really only marketing its lot. Yep, it’s a nearly $2 million dollar teardown in Arcadia, no– a nearly $2 million dollar teardown flipper. Last sold just 2 months ago at $1,350,000, the sellers are now chasing a lovely 40% appreciation.

The listing has since been wisely updated to remove the above and other ambiguous photos.

Just down the street at 177 W Norman, you get pretty much a real life preview of everything the sellers of 152 is asking us to envision: A brand new mansion nigh-on 7000 square foot, on a massive lot. It’s asking an extra $1.1 million, but the difference of course is here the “custom dream home” is actually included in the price.