screaming deals and good opportunities...

This home, located in a good neighborhood of La Crescenta had a ton of offers. On the market for 11 days before it went into escrow, this house had over 80 offers submitted to the seller. That's a lot of interest in a market where the news only states the doom and gloom of the economy. In reality there are a lot of buyers in the 500k and under price range who see an excellent opportunity to buy. Interest rates are phenomenal and prices have dropped significantly since their peak in 2006. Homes have become more affordable.
Here are the details on this house...
listed for $299,000, 3+2, 1625 approx sq ft., parcel size is approx. 8510 sq ft., built in 1959.
directly from the MLS..."Great bones on this mid-century home perched high up in the La Crescenta hills. Good floor plan, large flat lot. Badly treated for only a year but it looks like worse, this home has been emptied out so you can imagine your project. It is definitely a project. It needs doors, flooring, cleaning, painting, more. This is a trust sale, seller will make no repairs. Termite and general inspections available for your review." --listed by Tracy King Coldwell Banker 626-584-0050