4604 Norwich in Sherman Oaks closed yesterday at $592,000

4604 Norwich in Sherman Oaks closed yesterday for $592,000.  It was listed at $550,000.  We had six offers in the first week from qualified buyers and the lowest was $565,000.  Although that sounds like it was probably an easy-peasy deal for me, it had serious challenges all the way through.  I blogged about the weird appraisal earlier and may expand on that some day.  Other issues: there was no money in the HOA reserves -- this was my very first time dealing with that, and we had to come up with ways to get it funded.  Oh, the list goes on.  As I said, I may blog more about this in the future.

Botched appraisals -- this just happened to me on the Norwich condo

Here's an article on botched appraisals from today's L.A. Times.  If you scan posts below, you'll see that this just happened to me on the Norwich condo.  We got the appraisal reversed.  Yes, it is possible.

All contingencies removed on 4604 Norwich, Sherman Oaks

Yes! Closing hopefully, next week.

4604 Norwich, Sherman Oaks is sold

The seller of 4604 Norwich has accepted one of the several offers that we had on this property.  Yes, it went well over the asking price of $550,000 in seven days of marketing.  We had a total of five offers in, and four were over asking.  I will share the price once it closes.

4604 Norwich in Sherman Oaks - tons of activity and four offers are in

In spite of it being difficult to show, we've had almost 40 showings of the luxe condo in Sherman Oaks in the past week.  That has produced 4 offers, which is the level that I would expect.  The seller and I will discuss these tomorrow -- stay tuned.

4604 Norwich, Sherman Oaks - heaviest activity that I've seen in a long, long time

Showings begin for my new listing at 4604 Norwich, Sherman Oaks today.  It's by-appointment-only as it's tenant-occupied.  Sixteen separate buyer groups have made appointments today -- that's really, really a lot, and way more than I was expecting.  Is it because interest rates are so low? Or is it because the townhouse is gorgeous, and it has four bedrooms, 4 baths, a bonus room, an attached garage, luxe kitchen, etc, etc.?  Stay tuned for more details.

Coming next week in Sherman Oaks: huge, super-deluxe townhome (and better pics, too)

I'll soon be listing this gorgeous, huge townhome at 4604 Norwich Ave. in Sherman Oaks.  It has four bedrooms, 4 baths, a bonus room, 2-car garage, open floor plan, roof-top deck, high-end finishes throughout, and 2400+ square feet.  It was built in 2008 and there are only 4 units in the complex.  The home owners' association dues are a low, low $144/month.  The complex is on a quiet, green residential street but it's close to Ventura Boulevard and all its attractions.  It will list at $550,000.  This is a terrific option for those looking for lots of "done" square footage at a lower price. 

This is an REO, which means it was foreclosed on and is now owned by the original lender.  For those of you that don't know, these types of sales usually go much more smoothly -- and quickly -- than short sales.  I will have much better pics later this week.