6-Bedroom West Lakeview House Sells for $170K Under the 2004 Price: 1402 W. George
We last chattered about this 6-bedroom single family home at 1402 W. George in Lakeview in November 2010.
See our prior chatter here.
At that time, it had recently been reduced and was listed $80,000 under the 2004 purchase price.
It sold in May 2011, after 11 months on the market, for $170,000 under the 2004 purchase price.
If you recall, the house had apparently been converted from a 2-unit plus garden apartment into a single family home before the 2004 sale.
It had 11-foot ceilings and Brazilian cherry floors.
The kitchen had granite counter tops, double ovens and SubZero.
5 out of the 6 bedrooms were on the second and third floors.
There was a family room on the main level and a basement.
The house was on a 25×125 lot with a 2-car garage.
The listing says it was located in the Burley school district.
Does a house now have to have a special something to sell for over $1 million?
Kathy Murphy at Baird & Warner had the listing.
1402 W. George: 6 bedrooms, 4.5 baths, no square footage listed, 2 car garage
- Sold in May 2002 for $510,000
- Sold in January 2004 for $1,070,000
- Listed in June 2010 for $1.2 million
- Reduced several times
- Was listed in November 2010 for $990,000
- Sold in May 2011 for $900,000
- Taxes of $17,952
- Central Air
- Bedroom #1: 20×14 (second floor)
- Bedroom #2: 15×13 (second floor)
- Bedroom #3: 12×9 (second floor)
- Bedroom #4: 12×15 (third floor)
- Bedroom #5: 10×15 (third floor)
- Bedroom #6: 17×10 (lower level)
- Family room: 20×18 (main level)
Well, the taxes might go down.
It was across from a bar.
Was there anything done to the place between 2004 and 2011?
I think this was priced ok given the size and location of the property, but was still probably $50K overpaid. I ‘d be interested in the financing on this place.
Nothing on ccrd yet.
I think the location right across the street from a bar (with a large open patio) hurt this one.
We were on the buy side of this one – but not me personally. We were under the impression that no further major rehab occurred after 2004.
“We were under the impression that no further major rehab occurred after 2004.”
Doesn’t look it.
SubZero is 7 years old–did a credit for that get baked into the final (it’s mainly a rhetorical question)?