Friday, October 21, 2016

Sales Report: Freeway-close Boyle Heights cottage goes for $269k; Echo Park “county certified” organic farm finds a new owner; Silver Lake flip goes for $1.22 million

Boyle Heights house next to the 101 Freeway sold for $20,000 over asking

Boyle Heights house next to the 101 Freeway sold for $20,000 over asking

Boyle Heights

Yes, you can still find single-family homes under $300,000 on the Eastside but you will have to make some compromises.  In the case of this Boyle Heights property, the 108-year-old cottage is on the small side – 850 square -feet – and the southbound 101 Freeway looms overhead only a few feet from the backyard.  The listing says “EASY FRWY ACCESS.” No kidding.  The house still sold for $20,000 over asking.

Some other Eastside property sales that closed during the past week:

Eagle Rock

A 1958 Ranch-style home with three bedrooms and open-beamed ceilings went for $74,000 over the asking price.

Echo Park

It took a while, but this Victorian-era house and “county certified” organic farm that originally went on the market  in May for $625,000  finally sold after it was relisted  with a lower price.

Montecito Heights

This restored, five-bedroom 1910 Craftsman with original Oak and Douglas Fir floors is located in a historic district near the Heritage Square Museum.

Silver Lake

This five-bedroom home took a small price cut but it still sold far above the $775,000 the owners paid in 2013.

Source: TheMLS.com & Redfin.com

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