Mt. Washington home goes for $401,000 over asking

mtwash.jpg Listed on May 31 for $949,000, the 4,200-square-foot Craftsman-style property is closing at $1.35 million, according to Redfin. That's a pretty hefty premium, especially at a time when the housing market is still trying to regain its balance. Of course, this is a pretty special house. From Curbed LA:

Let's welcome to the market this bucolic beauty in Mt. Washington, Los Angeles Historic-Cultural Monument #392. Known as Treehaven, the Craftsman-style compound was built between 1908 and 1924 by a firm called the Architectural Design Co. Per the listing, the .31 acre property contains a four-bedroom, two-bath main house, a two-story "fully equipped" guesthouse, a studio/office, and a detached, four-car garage. Features include hardwood floors, two woodburning fireplaces, French doors and windows, covered porches, and a bevy of built-ins. Last sold in 1997 for $460,000, it's now asking $949,000, or $226 per square foot.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
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