Monday, October 24, 2016

Price cuts help sell an Echo Park flip

House after garage and stairway were added. Photo from Redfin

In July The Eastsider reported on investors who had paid $140,000 for an Echo Park home at  1515 Allesandro Street that had sat unfinished for more than a year. After completing construction, including the addition of a crucial stairway linking the home to the street, the flippers put the house up for sale at an asking price of $599,000.  After several rounds of price cuts, the house changed hands on Sept. 22 at $535,000, according to Redfin.

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  1. People r so out of their mind ,jump on a price b4 knowing if they will themselves make a buck out of their homes .that’s what it used to be about now it seems its about making idiots overpay for a home that prob won’t sell for half of what they paid for.Atleast it shows the economy is becoming strong again..I’m ready to flip one myself.

  2. Great views of the downtown skyline from this one!

  3. Thumbs up. I’m always glad to see improvements in the neighborhood. Well done.

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