Hidden behind willow trees and shrubs at the corner of Avenue 53 and Raphael Street, this 1926 Highland Park Spanish-Colonial has been remodeled and renovated since it was purchased last August. The kitchen gleams with new tile and appliances but the home still sports some vintage touches, including a classic Batchelder-tile fireplace in the living room, wood floors and windows. Earlier this week, the three-bedroom home went up on the market at an asking price of $665,000 – or about 90% more than the $351,000 the investors paid only four months ago, according to the Redfin.
There have been plenty of homes that have sold for more than $600,000 in Highland Park’s 90042 Zip Code during the past two years, but most of those properties are located north of York Boulevard near Eagle Rock or near Mt. Washington, according to Redfin. Most if not all the homes that have sold in the central section of Highland Park where this 1,670-square-foot home is located have been priced below $600,000. Is the home’s $665,000 price tag too ambitious for this section of Highland Park? Stay tuned.
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