Low $700s in Sherman Oaks Today

What's for sale in Sherman Oaks in the low $700s? Well, last year this time there was pretty much nothing below $750k. This year, there's quite a few choices. Let's look at two intersting listings that came up recently.

Listing the First: These people got to the party on time but are trying to leave a wee bit late. Their house is currently worth just a smidgeon more than what the paid for it back in late 2004. They'd like about $575/sq.ft. but that just aint gonna happen (especially North of the 101).


5528 BUFFALO AVENUE, Sherman Oaks, CA 91401
MLS #: F1749621

Bedrooms: 3
Baths: 1.5
Square Feet: 1,250
Lot Size: 6,750 Sq. Ft.
Year Built: 1951
Listing Date: 01/14/08
Price Reduced: 02/05/08 -- $735k to $719k
Last Sale:09/15/04
Sales Price:$575,000
Zestimate™ $596,500

Based on List Price: $575/sq.ft.
Based on Zestimate™: $477/sq.ft.
Sold Homes: $404/sq.ft.

Listing the Second: These people got to the party way too late. They paid $950k ($471/sq.ft.) in the Summer of '06 and then got foreclosed. The bank is only asking for $350/sq.ft. today.

4700 NAGLE AVENUE, Sherman Oaks, CA 91423
MLS #: F1752937

Bedrooms: 3
Baths: 2.5
Square Feet: 2,015
Lot Size: 6,290 Sq. Ft.
Year Built: 1951
Listing Date: 02/01/08
List Price $704k
Last Sale: 06/14/06
Sales Price: $950,000
Zestimate™ $878,000