Smoking Crack Seller

5511 FALLBROOK Ave Woodland Hills, CA 91367
3 Bedrooms, 2 Bath 1700 sf on a 7800 sf lot.

Asking Price: $799,000 that is $467 per sf
UPDATE:
Now asking $610,000
Value is around $400,000 and dropping...

This seller is smoking crack, the house description is hilarious.
" NICE AND LOVELY 3 BEDROOM AND 2 BATH WITH FIRE PLACE IN LIVING ROOM HAS GREAT OPPORTUNITY FOR ALL TYPE OF USE"
As always, the asking price is a result of a flipper getting stuck by buying at the peak and getting the worst timing doing that...
Sales History:

Sep 10, 1997	$157,500	.
Sep 30, 1998	$205,000	.
Sep 22, 2005	$620,000	.

similar houses are at that area are selling for 2003-2004 prices, that means that this house value today is about $420,000-470,000, while the owner is asking for almost double....
Zillow zestimate it at $549,500. Pay attention to they latest ranges, for this one it is $467,075 as low and $604,450 as high.


For reference here is a similar house practically next door.
5611 FALLBROOK AVENUE, Woodland Hills, CA 91367
3 Bedroom, 3 bath, 1700 sf, on a 7800 sf lot.

Asking price: $455,000 that is $271 per sf
UPDATE:
Sold $432,000 (08/05/2008)