Sunday, October 23, 2016

Eagle Rock’s summer of million-dollar home sales

This Hill Drive home sold for $1.8 million in September | Google Maps

This Hill Drive home sold for $1.8 million in September | Google Maps

EAGLE ROCK — The blocks north of Colorado Boulevard have long commanded some of the neighborhood’s most highest real estate prices. That was certainly the case this past summer when five properties sold in excess of  $1 million.

The homes reflected a variety of styles, from a one-story Colonial-Revival with a wrap-around porch on Ellenwood Drive   to a two-story Spanish-Colonial style on Like Oak Avenue that sold before it even hit the real estate listings. The most expensive home to sell this summer, a nearly 6,000-square-foot, heavily remodeled 1920s property on Hill Drive, sold last month for $1.8 million – the highest sales price in recent years, according to Redfin.

In addition to sales north of Colorado, two other homes in other parts of Eagle Rock also sold for more than a million dollars this past year.

Despite a sharp run up in prices, Eagle Rock “remains a hip, affordable and safe place to live and work with short and accessible commutes,” said Keely Myres, and agent who worked with Tracy King representing the buyers in the Hill Drive deal.

More Eagle Rock home owners are seeking to break through the million-dollar barrier. A three-bedroom, Spanish Colonial on Hill Drive was recently listed at $1.1 million, according to Redfin.

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  1. These 1.1 million dollar homes would be 1.5 or 1.6 in Silver Lake. Eagle Rock is still highly undervalued.

  2. In every other neighborhood, homes closest to freeways are the least desirable. Ironically, in Eagle Rock, these $1 million+ mansions are up against the 134.

  3. B.E., have you been up there? Interestingly enough the sound is hardly audible. IMO, the best views however are from the line of hills running from Oxy to the east. Mush better.

    • Yeah I’ve been up there. You might not be able to hear the freeway from a lot of those homes, but the dust and exhaust produced from any stretch of freeway mostly settles within 1,000 feet of said freeway. There are studies about the lung damage caused by living that close to freeways.

      • This is why I’m surprised they are still approving new construction, like that NELA Union development pinched between Eagle Rock Blvd and the 2

  4. And this is precisely why those Highland Park audience members who “gasped” at the prospect of new $700,000 homes as being overpriced really need to do a reality check. Yes, HP is not ER, but these intense pressures on housing prices aren’t going away and are happening everywhere. Meanwhile, we’re doing almost nothing to actually meet demand with new housing.

  5. Can we say California Crazy? Bungalows undone with no air conditioning going for 750 and up. WTF. I could kill myself for not holding on to my Highland Park residence.

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