Was a house that used to cost 350.000 around the year of 2011 considered cheap, average or expensive back then?

[ElDiabloJoe]

Originally Posted by Grune D

Eagle Rock has been gentrified yes, but it hasn’t helped. Streets are still dirty and it doesn’t feel safe. Also, schools are terrible.

Everywhere is hoping to be the next Los Feliz. Even the El Sereno (which historically it has not been so serene) section of Los Angeles City tried to rebrand itself as "Ascot Hills." Yeah, no. Still El Sereno. If they wanted tor really spin it, they should call it South South Pasadena.

[TimTheEnchanter]

Originally Posted by Grune D

Eagle Rock has been gentrified yes, but it hasn’t helped. Streets are still dirty and it doesn’t feel safe. Also, schools are terrible.

I completely disagree about Eagle Rock feeling unsafe. I've had to be at Occidental over the last 30 years and all times of day and night and never once felt unsafe. The schools may not be the best, but neither are they terrible.

I especially like the college vibe you get at various coffee shops and cafes because of Oxy.

[Texamichiforniasota]

Originally Posted by TimTheEnchanter

I completely disagree about Eagle Rock feeling unsafe. I've had to be at Occidental over the last 30 years and all times of day and night and never once felt unsafe. The schools may not be the best, but neither are they terrible.

I especially like the college vibe you get at various coffee shops and cafes because of Oxy.

Agree, I've never felt unsafe in Eagle Rock, though I'msure there are many parts I've never been to.

There are some decent schools there. Not that Great Schools is the be-all-end-all, but 2 of the elementary schools in Eagle Rock are rated a 9/10 on Great Schools, another one and Eagle Rock HS are both 7/10. So, maybe not the absolute best schools in the state, but at least significantly better than average.

[JustMike77]

I just pulled up some 2011 appraisal files and, yes, $ 350,000 was cheap even in sketchy neighborhoods.

[AChillDude]

Originally Posted by Vic Romano

Very cheap. Show us the history you were looking at.

Not really the home I was looking at but I think this one might be interesting to illustrate what I’m talking about

Check this out:
https://www.realtor.com/realestatean...1_M13319-58143

Really big house, huge lot, today estimated price hovers around 1 million but was sold for $317,500 in 2012 and then sold again in 2014 for $750,000, just two years later, it’s crazy!
If you check its history you can see that around 2011 and 2012 this home has been listed and delisted a few times and all the times the asking price was around 270,000 to 375,000 for a house this big!
If baffles me that around that time you could buy such a nice house for so cheap!

[Vic Romano]

Originally Posted by AChillDude

Not really the home I was looking at but I think this one might be interesting to illustrate what I’m talking about

Check this out:
https://www.realtor.com/realestatean...1_M13319-58143

Really big house, huge lot, today estimated price hovers around 1 million but was sold for $317,500 in 2012 and then sold again in 2014 for $750,000, just two years later, it’s crazy!
If you check its history you can see that around 2011 and 2012 this home has been listed and delisted a few times and all the times the asking price was around 270,000 to 375,000 for a house this big!
If baffles me that around that time you could buy such a nice house for so cheap!

Probably bought on the cheap...a foreclosure perhaps? Or a short sale? Looks like somebody really wanted to get rid of the house. Of course, the house was $600k in 2006...

[CA4Now]

Originally Posted by AChillDude

Really big house, huge lot, today estimated price hovers around 1 million but was sold for $317,500 in 2012

Given the price, the buyers probably gutted it and completely re-built.

Originally Posted by AChillDude

If you check its history you can see that around 2011 and 2012 this home has been listed and delisted a few times and all the times the asking price was around 270,000 to 375,000 for a house this big!

If baffles me that around that time you could buy such a nice house for so cheap!

Not sure it was a nice--or big--house when it was purchased; the buyers may have built out on the lot. It looks as if this major remodel must have cost plenty.