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Post #152059 by christiki295 on Sun, Apr 10, 2005 3:00 PM

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[i]On 2005-04-08 13:02, Sabu The Coconut Boy wrote:

I ran an appraisal on the property using about 50 comparables (I work for a huge Real Estate information company), and the appraised value right now is computed at $448,000. The owner is asking $515,000. Don't know if all the tiki-improvements are worth $68K. The owner bought the house in 2003 for $291,000 - just to give you an idea of what home prices in Los Angeles have been doing lately.

Interesting Sabu, based on my minor real estate comps in my area, $500,000 for a 3 & 2 1400 squ. foot house does not seem particularly outrageous in the outrageous real estate market, particularly including the tiki fireplace.

Is Canoga Park cheaper?