It’s hard to find much wrong with this restored, 102-year-old Craftsman in Garvanza. The flippers who purchased the Highland Park-adjacent property in February for $251,000 have preserved and restored many of the home’s original features, including Douglas fir floors, a brick fireplace and built-in cabinets; and wood window and door moldings, according to the Redfin listing. There’s also plenty of modern amenities in the blue and gray clapboard home, from a new kitchen with stainless steep appliances and redwood decks outside. But perfection has its price.
In this case, the three-bedroom home on north Avenue 63 near Garvanza Avneue (up the street from the Tuesday night food truck feast in the Figueroa Produce parking lot) went on the market this week at $529,000. That’s high given recent home sales in the flats of Garvanza. In fact, a check on Redfin shows that there have been no $500,000+ home sales in the flats of Garvanza north of York Boulevard in the past three years. Will a Craftsman-loving buyer step in at this price?