• Compass DRE# 01991628
  • Address: 2120 Colorado Blvd., Suite #1, Eagle Rock, CA 90041
  • Office Phone: 323-274-2148

Tracy King Blog - Eagle Rock Real Estate - Northeast Los Angeles Realtor

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LA Digs - Northeast LA Real Estate Blog

Welcome to LA Digs, the real estate and Northeast Los Angeles community blog written by Realtors Tracy King and Keely Myres.

Here, we share tips, market updates, and local news bits to keep you informed on what's happening in Northeast Los Angeles and the surrounding neighborhoods. Read on to learn about the latest in your neighborhood!

New Listing: 4745 College View Avenue, Eagle Rock

Tracy King | Teles Properties | (626) 827-9795
4745 College View Avenue, Eagle Rock, CA
New listing! Open Thursday 8/25, 10-2pm; Sunday 8/28, 2-5pm; and Tuesday 8/30, 10-2pm!
2BR/1BA Single Family House
offered at $399,000
Year Built 1924
Sq Footage 1,117
Bedrooms 2
Bathrooms 1 full, 0 partial
Floors 1
Parking 1 Car garage
Lot Size 7,800 sqft
HOA/Maint $0 per month
DESCRIPTION

This sweet English Tudor is perched above College View Avenue with eastern views over Eagle Rock. Have your morning coffee and enjoy the sunrise through your stunning picture window. The living room has a high-pitched, vaulted ceiling, original light sconces, hardwood floors, and a brick fireplace. The kitchen and bath are in pristine condition with the original character respected. The back yard is terraced above a spacious patio, and even includes a picturesque shed with artistic potential. This is a short sale and subject to lien holder approval.
see additional photos below
PROPERTY FEATURES

- Fireplace - High/Vaulted ceiling - Hardwood floor
- Tile floor - Living room - Dining room
- Refrigerator - Stove/Oven - Laundry area - inside
- Balcony, Deck, or Patio - Yard
COMMUNITY FEATURES

- Garage parking

 

OTHER SPECIAL FEATURES

- Built in 1924
- Great eastern views
- Original character and details throughout
- Visit www.TracyKing.com for open house dates

 

ADDITIONAL PHOTOS

4745 College View Ave
Living Room
Dining Area
Family Room
Kitchen
Bedroom 1
Bedroom 2
Bath
Patio
Yard
From Street
Contact info:
Tracy King
Teles Properties
DRE Lic#01048877
(626) 827-9795
For sale by agent/broker
Equal Opportunity Housing
 
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Posted: Aug 24, 2011, 8:15am PDT

 

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Market Report: Eagle Rock

ERGraph081111 copy

Here’s my take on this report:

Median price means half the properties sold for more than this number and half sold for less than this number. Is it meaningful? Figure this out (all concerning the month of July only):

3 of the sales this year were for more than the highest sale last year

But what is truly noteworthy about this year over last year is:

The number of active listings is over 40% fewer
The number of properties pending sale is 150% more
The percent of properties under contract compared to what is on the market is over 330% more!

The market is much more active right now. Why? We can say it’s low interest rates and that there is a perception that we are truly at the bottom, but we had the same factors going last year. The economic news isn’t much better, in fact, a number of homeowners have decided to sell because the future holds no promise that the picture will improve in the next couple of years. I think the true meaning is that buyers are buying homes to live in because everyone has to live somewhere and many people do not want to rent, and sellers can sell in this market if their homes are priced right.

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What is with the noise on Colorado Blvd at midnight?

I went to the meeting about replacing the water main and I recall being told they only had a permit to work 7 am to 3 pm. So what is this all about? I can't sleep!

IMG_0724.MOV Watch on Posterous

Tracy King
Teles Properties
DRE #01048877
Interesting homes for Interesting people
This email address is being protected from spambots. You need JavaScript enabled to view it.
Sent from my iPhone

Posted via email from Tracy's LA Real Estate

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First Half of 2011 Market Update for Eagle Rock, 90041

Here is a table that illustrates the number of sales and percentage of distress sales over the last 3 years in Eagle Rock 90041. The question is, what does it mean? There’s a flipflop from a greater number of foreclosures in 2009 to more shortsales in 2011. Distress sales as a whole dropped in 2010 and have increased again so far in 2011.

ergraph



My guess, and it’s educated but still a guess, is that the lenders were very resistant to doing shortsales early on and have finally bowed to the inevitable. As more distressed homeowners are able to sell short, there are fewer foreclosures. The more positive numbers in 2010 I attribute to the peak of the “double dip.” Or you might look at the whole thing as our thudding along the bottom.

There is a lot of talk about “Shadow Inventory,” which is distressed properties that might come on the market. This includes properties that have notices of default filed (the homeowner has stopped making mortgage payments), have notices of trustee sale filed (they haven’t brought the loan payments current and are scheduled to go to foreclosure sale), REO or bank-owned or 3rd party owned (sold at trustee sale). It also includes properties that are “upside-down” which means the property is worth less than what is owed. This can be a huge number and there is no way to track what it is. The fear of “Shadow Inventory” is what if a lot of these distress sales come on the market at once? What will that do to the rest of the market

Personally, I think that is a big “if.” If it hasn’t happened yet, why would it happen now? One reason could be if we had a major economic setback. But believe it or not, we have actually been out of the recession and experiencing a slow (excruciatingly slow) recovery for the last 2 years, according to the National Bureau of Economic Research. Another reason could be a drastic change in mortgage lending in terms of either interest rates or underwriting guidelines.
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Just Sold! 5312 Sierra Villa Drive, Eagle Rock

5312 Sierra Villa Drive, Eagle Rock

Whew, this sale has been a long time coming - and finally it's here! 5312 Sierra Villa Drive closed escrow yesterday, June 16, for $462,500.

5312 Sierra Villa Drive, Eagle Rock Living Room

Built in 1922, this 2 bedroom, 1.5 bath Craftsman cottage has lots of windows, re-finished hardwood floors, spacious rooms, and updated kitchen and bath.  Further upgrades include copper plumbing and fresh paint inside and out.  The finished attic is full-length with built-in dresser drawers, providing lots of additional storage.  Separate one bedroom guest house has been completely renovated from floor up - the seller stripped the structure down and has replaced the insulation, put in new floors, new windows, new doors, new pipes, new wiring, new everything!  He has also changed the layout to have a more open living and kitchen space and add closet space to the .  Landscaping includes several fruit trees - lemon, lime, persimmon, pomegranate, fig and avocado.

5312 Sierra Villa Drive, Eagle Rock Attic

5312 Sierra Villa Drive, Eagle Rock Guest House

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Compass 179x55

Tracy King, Realtor
DRE# 01048877
Phone: 323-274-2148 | This email address is being protected from spambots. You need JavaScript enabled to view it.
COMPASS DRE# 01991628

Keely Myres, Realtor
DRE# 01834633
Phone: 323-274-2148 | This email address is being protected from spambots. You need JavaScript enabled to view it.
COMPASS DRE# 01991628

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