Update on that house on Bucknell

Back on August 14, 2007 I told you abe a house that was foreclosed and then resold to Mr. Mosher who tried to flip it. He held the property for six months and it went inactive today (unclear as to whether it sold or not). Between carrying costs and transaction fees, and possibly some repairs, he took a hit. Anyhoo, check it out:


5703 BUCKNELL AVENUE, Valley Village, CA 91607
(MLS #F1729038)

Property Shark details:
12/21/95:
$148.5k Grant Deed from Bin, Fred & Anna to Garcia, Joel & Hayde

07/07/99:
$000 Grant Deed from Garcia, Joel to Garcia, Hayde

04/23/07:
$451k Trustee's sale from Alliance Title to HSBC Bank

07/03/07:
$534k Grant Deed HSBC Bank to Mosher, Michael

Listed by Mosher on 08/01/07.

Price Reduced: 08/14/07 -- $719,000 to $689,999
Price Reduced: 08/25/07 -- $689,999 to $670,000
Price Reduced: 08/27/07 -- $670,000 to $659,999
Price Reduced: 08/28/07 -- $659,999 to $649,999
Price Reduced: 09/13/07 -- $649,999 to $634,999
Price Reduced: 10/13/07 -- $634,999 to $619,999
Price Reduced: 10/31/07 -- $619,999 to $599,999 (16.55% down)

08/14/07: Zestimate™ $645,201

12/27/07: Zestimate™ $577,913 (10.43% down)