Returning to Contour Drive

I last wrote about Contour Drive here. One of those houses is back - after failing to rent (apparently).


13507 CONTOUR DRIVE, Sherman Oaks, CA 91423
(MLS #: F1756948)

Bedrooms: 3
Baths: 3
Square Feet: 2,038
Lot Size: 4,994 Sq. Ft.
Year Built: 1952
Listing Date: 03/05/08


List Price: $899,000
Last Sale: 04/21/05
Sales Price: $1,026,000

Per Sq. Ft.:
Based on List Price: $441
Based on Zestimate™: $508
Based on Cyberhomes estimate: $549
Sold Homes: $728 (Pretty sure this number is jacked up somehow).

So, $127k haircut is pretty painful, no? And I don't think they are going to come close to getting their asking price. I think this owner would be very lucky to get $825k today. Very very lucky.