Real Estate. Architecture. Lifestyle. Design.

Beachwood Canyon. Bronson Canyon. Echo Park. Eagle Rock. Glassell Park. Highland Park. Hollywood. Los Feliz. Silver Lake.

Saturday, February 19, 2011

HOW low will it go?

R.M. Schindler's James Eads How House was REDUCED again today.  This 1925 masterpiece by one of architecture's true icons has been languishing on the market since September of 2008. It was originally listed for $4,995,000 and has been plummeting ever since. It is now available for a steal at $1,695,000. 

Don't wait for it to become a short sale. It will be gone before that happens. The home was purchased in 1985 for exactly $245,000.  Actually, some spectacular renovation techniques and attention to Schindler's original intentions have been employed since the mid 80s, so the seller has quite a lot of dough rolled up in this pad! 

I have seen it twice on Caravan.  It really is a treat. 

4 Bedrooms. 2.5 Bathrooms. 2,426 SF. 14,461 SF Lot. Built in 1925.  Cost/SF @asking= $698.68

HOW low will it go?  Eventually it will sell, proving the old saying:  There is nothing in Real Estate that price can't solve.

Someone will buy it.  Will it be you?  Let me know if you are ready to buy this house... or any house!