• 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

Menu

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!

A Seller Success Story: 2030 Estes Road

Once in a while, everything comes together and the sale of a home exceeds everyone’s expectations. How does this happen? Is there a formula that can be used to at least maximize the odds?

Some necessary components:

  • A great house -- good bones, proper updates, a private, idyllic setting, a very livable floor plan, a prestigious location in the area.

  • A seller who knows how to prepare his home for sale, how to present the property during the showing phase of the sale, and, of course, how to choose a Realtor who will work with him to strategize the best plan to sell the house for the most money in the least amount of time and with a minimum of hassle.

  • A Realtor with the market and real estate knowledge to conceive and execute the plan.

  • A team of dedicated people to carry out the plan. This team includes the seller’s willing family, neighbors, and  competent professionals (Realtor’s staff, photographer, escrow and title companies, etc.) to execute the marketing and sale.


When I first met my Success Story Sellers in February, 2011, the highest sales in Eagle Rock in the past few months had been $749,000 for a much larger house and $675,000 for a house that was a foreclosure but was bigger and a popular Mediterranean style. The house at 2030 Estes was unlike any other house that had sold in the area in years, so how were we to arrive at the probable sales price? The sellers were hoping for more than $750,000 and I truly believed it should sell for much more. But how to get such a number when sales comparables were so low? Even if we found people willing to pay our price, it would never appraise for that value in the current conservative lending environment.

Out-of-the-box thinking was required. If the house sold for a price that wouldn’t appraise, we simply would insist that in order to be considered, an offer had to remove any appraisal contingency. We listed the property for $749,000, the same as the highest sale in the past few months.

Preparing the house for sale included planning how to deal with the seller’s family which included a dedicated and fabulous wife, two young boys, a dog, and a lot of personal stuff. After packing up or selling much of the stuff, the wife packed up the boys and took them away for the 8 days we were on the market. For every showing or open house, the dog went to the neighbors. More neighbors were enlisted to move their vehicles that had been parked on the street. The house looked like a Dwell magazine cover story for all showings.

We had five open houses in eight days including brokers’ open houses and a twilight open house. By the ninth day, we had 15 offers, 14 of which had no appraisal contingency. By the time counter offers came back, we had three offers over $900,000! The highest offer was for cash, closing in 10 days. Long intense story short, we closed 11 days later for $925,000, as-is, no repairs or termite work to be done.

As I said, this was an ideal situation: great house, great sellers, great team altogether. It’s rare to have it all. But isn’t it good to know that a house can sell with multiple offers way over the last highest sales price in this uncertain market?

Here is what the seller of 2030 Estes Road had to say:

videoscreenshot
Thank you to Kendyl Young for her fabulous video shooting and editing skills!
Continue reading
1065 Hits

New Listing! 2030 Estes Road, Eagle Rock

2030 Estes Road
EAGLE ROCK, CA
New to the market! OPEN SUNDAY, APRIL 3, 2-5PM! For more details and pictures, visit www.2030Estes.com

3BR/3BA Single Family House
$749,000
Year Built 1957
Sq Footage 1,770
Bedrooms 3
Bathrooms 3 full, 0 partial
Floors 1
Parking Garage
Lot Size 14,430 sqft
Description

In the 1950s, the midcentury modern aesthetic in architecture was dominated by a number of excellent architects educated at the University of Southern California. Names that are famous today include Pierre Koenig, Conrad Buff, Donald Hensman and Frank Gehry, all of whom attended the School of Architecture in the early 50s. Amidst this distinguished pack of the leaders of the modernist style, Richard R. Leitch also earned his degree in architecture. He went on to design several homes in Altadena and one that we know of in Eagle Rock, at 2030 Estes Road, before he relocated to the Newport Beach area and continued his distinguished career.On Estes Road, a three-block-long street of custom homes built mostly in the 50s and 60s, you are close to shops and eateries but removed from the bustle of the City of Los Angeles. At 2030 Estes, midcentury bones survive - from the wood-panelled, open beam, vaulted ceilings to the open floor plan of the living room divided from the dining room by a central fireplace. The gracious indoor-outdoor style features sliding glass doors that open from the dining room and kitchen to the patio and deck, and stretch out to the pool and cabana. Nestled on a private 14,000 square foot lot and tucked down and away from the street, views are mostly of trees, with peeks across the Eagle Rock Valley. From one vantage point above the patio and pool, is a perfect view of the Griffith Observatory.
Property Features

Central A/C Central heat Fireplace
High/Vaulted ceiling Walk-in closet Hardwood floor
Living room Bonus/Rec room Office/Den
Dining room Breakfast nook Dishwasher
Refrigerator Stove/Oven Washer
Dryer Laundry area - inside Balcony, Deck, or Patio
Yard Swimming pool
Other Special Features

Built in 1957 by architect Richard Leitch
Open floor plan with sliding glass doors leading to pool and deck/patio
Bonus rooms beneath main living area for storage or office
Home is set back from street on a private 14,000sq.ft. lot
Additional Photos

2030 Estes
Kitchen
Dining Room
Living Room
Master Bedroom
Master Bath
Contact Info
Tracy King
Coldwell Banker
DRE Lic#01048877
(626) 844-2256
For sale by agent/broker

Equal Opportunity Housing
Continue reading
1422 Hits

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

FacebookTwitterLinkedIn