Santa Monica Distress Monitor: 90403
I previously mentioned 907 22nd back in January as part of my “Bermuda Triangle” post.Previous Purchase: 3/21/00 – $740,000
Old Listing History: 5/11/09 – $1,575,000
Reduced down to – $1,475,000
Re-Listed: 1/14/10 – $1,475,000
Reduced – 11/11/10 – down to $1,425,000
This listing has been the definition of “stale” as it sat for about 300 days with the same bloated price tag. The location is not bad and there is certainly demand for this type of property in this location, but not at the unrealistic price they were asking. I had also heard that they were unwilling to negotiate with potential buyers.
So the $64,000 question will it now sell or does it need to be reduced further.