Hancock Park’s 555 S Muirfield Rd on the corner of Muirfield & 6th Just Sold Over Asking Price for $7,880,000

7401 sq. ft. including a 400 sq. ft. Guest House and a 700 sq. ft. Pool House on an oversize lot all magnificently redone. Purchased in early 2014 for $3,555,000, this seller just purchased the fixer at 105 N Rossmore Avenue. Amy Davis of Teles Properties had the listing.

 

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Bankruptcy Sale of Redone Quigg Property at 347 S Arden Blvd. Call me at 323 610-6070 for Details on this & Other Quigg Properties.

Quigg Property goes to Bankruptcy Sale subject to court confirmation and overbid. Asking Price: $7,700,000.   Property being sold AS IS. Beautifully newly done Tudor style house in prime Hancock Park.

Call me Linda Hindley at 323 610-6070 for Details of this property and other Quigg Properties that may be sold at bankruptcy Sale.

This Property listed by Michael Sahakian & Bill Friedman of Coldwell Banker.

 

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Coldwell Banker Previews…CB’s Luxury Brand

As 2016 comes to an end, it’s a great time to look back on the finest luxury moments for the Coldwell Banker® brand. An incredible year of growth! And we expanded our digital reach to build on our leadership position at the very highest levels of real estate. Our efforts have produced over 3.8 million total engagements for the year — an 800% year-over-year increase! Our blog, Previews® Inside Out, has also taken on new life this year, as we moved the popular “Home of the Week”.

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354 S Lucerne Blvd Just sold at $3,480,000

354 Lucerne Blvd on the NE corner of Lucerne Blvd and 4th just closed escrow at $3,480,000. It needed updating. Olivia Jane Noh of Remax had the listing.
House was 4515 sq. ft. plus an additional 451 in a studio adj. to the garage on a 14,407 sq. ft. lot. Sale price was $782 per sq ft.

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Hancock Park Luxury Home Developer Robert Quigg Declares Bankruptcy

In what can only be considered as disastrous news for all involved, Hancock Park’s Major Luxury Home Developer Robert Quigg, who was in the process of restoring or newly building eight major Luxury Properties in Hancock Park, declared Bankruptcy on November 30. His properties included the following: (2 properties had already been sold so they were not included in the bankruptcy). The remaining had yet to be marketed with the exception of 347 S Arden Blvd that was marketed for some months earlier this year.

16-139252_12c085fa-2db3-4832-8ecb-c0166421c28f73 Fremont Place Sold for $6,600,000 on 8/23/2016. Tiny Huang of Quigg Realty represented both Quigg and the Buyer.
The home was 6300 Sq. Ft. on a 15,459 Sq. Ft. lot. Quigg purchased the home in 2014 for $3,150,000. He redid the home and added approx. 1700 Sq ft.

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434 S Windsor Blvd Sold for $11,300,000 on 10/20/2016. Tiny Huang of Quigg Realty represented the Seller. The home was 10,600 Sq. Ft. on a 18,017 Sq. Ft. lot. Quigg purchased the home in July of 2014 for $4,120,000. He redid the home  and added 4300+ Sq. Ft.

 

347 S Arden Blvd

317 S Windsor Blvd

147 S Plymouth Blvd

344 S Rimpau Blvd

428 S June Street

366 S Hudson Avenue

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9 Hancock Park Homes Have Sold $1000+ per Sq Ft YTD 2016

Address                       Sq Ft/Lot Size/Selling Price/Cost per Sq Ft*

434 S Windsor Blvd      10600/18,017/$11,300,000/$1,066
234 S Muirfield Rd          6187/18,930/$6,990,000/$1,179
355 S Rimpau Blvd         6508/23196/$6,950,000/$1,144
226 S Rimpau Blvd         6127/15,702/$6,850,000/$1,118
73 Fremont Place            6300/15,459/$6,600,000/$1,047
224 S Muirfield Rd         5096/19,541/$6,500,000/$1,281
363 S Las Palmas Ave    5004/19,538/$5,900,000/$1,179
420 S Rossmore Ave      4876/19,001/$5,350,000/$1,097
254 S Windsor Blvd        3669/12,639/$4,000,000/$1,090

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Homeowners are Becoming Equity Rich. In Los Angeles the rate is 38.2%

CAR* Reports Home Ownership Tenure Hits Record High
Many homeowners are becoming equity rich because they’re staying in their homes longer, according to the Q3 2016 U.S. Home Equity and Underwater report from ATTOM Data Solutions, a fused property database. To be equity rich, homeowners must have a loan-to-value ratio of at least 50 percent.

In fact, 23.4 percent of all homeowners with a mortgage are now considered equity rich, an increase of 2.6 million from last year to 13 million in the third quarter, according to the report.

The metropolitan statistical area with the highest share of equity rich homeowners, out of 88 areas with a population of 500,000 or more, is San Jose with 55.7 percent. Honolulu came in second with 39.3 percent, followed by Los Angeles with 38.2 percent and Pittsburgh with 34.5 percent.

Hot or not? The housing market has people holding their breath.

* California Assn. of Realtors

 

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The Craft & Folk Art Museum has Holiday Marketplace Saturday November 26

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