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CA Bank Hug Club (1): 80% off Zestmiate. Still Not a Good Deal?

The listing agent welcome you to make an offer of $41,000 for the following property. Sorry, it is not considered as a low ball offer so that you don't have to feel bashful.

Just join the "bank robber club" where bankers greet you with hug and kisses. Jump on the wagon before it is too late.

The condo unit was sold for $215K; and Similar units were sold for $210-220K last year. Zestimate says it has a market value of $182,000 as of today. Almost 80% off, that's a steal, right? Wait a minute! Don't be so hurry. Look at the other unit #115 of the same complex, how much it was sold two months ago?

My conclusion is "NOT A GOOD DEAL" unless you just need a place to live in NOW. Be patient for the price dropping in this area.

**** ****** AVE #125
LOS ANGELES CA 9****

  • Zestimate: $182,000
  • 30-day change: -$16,000
  • Value Range: $131,040 - $198,380
  • Last updated: 12/12/2008
  • Sale History
    07/24/2007:$167,709 *
    10/14/2005: $195,000 *
    09/07/2001: $53,000

    Site Address **** ****** AVE #125
    LOS ANGELES CA 9****
    Property Type Condominium

    Recording Date 07/24/2007
    Land $54,000
    Improvements $161,000

    Single Family Residence
    **** ****** AVE, #115
    LOS ANGELES CA 9****
    10/15/2008
    $59,000
    674
    1 / 1
    1977/1977

    Single Family Residence
    **** ****** AVE, #206
    LOS ANGELES CA 9****
    05/08/2007
    $220,002
    752
    1 / 1
    1977/1977

    Single Family Residence
    **** ****** AVE, #221
    LOS ANGELES CA 9****
    06/14/2007
    $215,002
    700
    1 / 1
    1977/1977

    Posted Monday Dec 15