Posts Tagged ‘Sold’

Curbed – What It Sold For: Rickety, Burned Silver Lake Shack Sells for $176k Above Asking

Friday, November 28th, 2014

Usually fire sales mean big discounts, but not when it comes to real estate in Silver Lake. We first saw this charred pile back in September, when it was asking $ 399,000, and we had a sneaking suspicion that it would sell for more. After all, clear away the debris and what’s left is a 7,909-square-foot lot and views to the Hollywood sign. And yep: the house has just sold for an impressive $ 575,000. That’s about $ 60,000 more than the median Los Angeles home price and this isn’t even an actual, habitable home. Still, it’s a price break compared to other Silver Lake houses, which have a median list price of $ 858,000, according to Redfin. Now to wait and see what will rise from the ashes of this “likely tear down.”

· 1311 Waterloo St., Silver Lake, CA 90026 [Redfin]
· Falling-Apart, Fire-Damaged Shack Asking $ 400k in Silver Lake [Curbed LA]

Curbed LA

Curbed – What It Sold For: Lloyd Wright’s Samuel-Novarro House Finally Sells For $3.8MM

Thursday, November 27th, 2014

And so a new chapter begins for Lloyd Wright’s Samuel-Novarro House. Built in 1928 for actor Ramon Novarro’s personal secretary/companion, Louis Samuel, but taken over and expanded by Novarro after the star discovered Samuel had been embezzling from him, the copper-accented Mayanesque residence in the Los Feliz Oaks famously passed through the hands of Diane Keaton, Leonard Bernstein, and Christina Ricci, who sold it to its most recent owner in 2006 for $ 2.875 million. The historic landmark has cycled on and off the market since 2011 with a fluctuating asking price that went as high as $ 4.495 million in March of 2013. Re-listed in late September at $ 3.995, the .3-acre property finally closed yesterday with a final sale price of $ 3.8 million.

· Previous Samuel-Novarro House coverage [CurbedLA]

Curbed LA

Curbed – What It Sold For: Moby Just Sold the Incredible Wolf’s Lair Castle Compound for a $6MM Profit

Wednesday, November 19th, 2014

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[Moby via Uncensored Interview / Wikimedia]

Musician and architecture lover Moby was, until recently, the proud owner of one of LA’s most glamorous homes—Wolf’s Lair, an eight-bedroom replica of a Norman castle overlooking the Hollywood Reservoir and built in 1927 for Milton Wolf, a 1920-era Hollywoodland developer and art director. Variety reports that Moby, who bought the home for $ 3.925 million (and then dropped $ 2 million on repairs to the whimsical compound), has sold it in an off-market deal to “anonymous corporate concern” for $ 12.4 million. Mysterious, but isn’t that just like this place?

Aside from the overall fairy-tale look of the castle—the coffered ceilings, the gable windows, the turrets—the property comes with all the quirky eccentricities one could hope for. Supposedly there’s a secret tunnel that leads from the main castle to the gatehouse, but it’s documented that there’s definitely a stairwell leading to an underground, possibly-Prohibition-era tiki bar. Add this detail to the fact that one of the building’s “miniature turrets” was designed as a home for Wolf’s pet monkey, and this home is instantly legendary. Oh, and Debbie Reynolds, Marlon Brando, and The Beatles were all occupants of the Lair at various points in time.

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Moby’s 2010 purchase of the home carried on the manor’s established tradition of quirk, as he converted the speakeasy tiki bar into an invite-only magic theater and restored the property’s guesthouse/gatehouse, designed by John Lautner, into a recording studio which harmless, disoriented people would sometimes stumble into while on acid trips. We can only hope that the faceless corporate entity that purchased the compound adds to the legacy of this amazing property.
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· Moby Surreptitiously Sells Historic Wolf’s Lair Compound in Los Angeles [Variety]
· Wolf’s Lair archives [Curbed LA]

Curbed LA

Curbed – What It Sold For: This Glassy, Boxy House in Glassell Park Just Fetched $1 Million

Wednesday, August 20th, 2014

Is Glassell Park edging into Highland Park territory? It’s certainly adding to its roster of million-dollar housing sales these days (it’s only ever had a handful over the years). To be fair, this boxy, two-story house has been trying for a while: we saw it in 2008 asking a ballsy $ 1.229 million, then pricechopped twice more down to $ 999,000. This time around, it was listed for exactly $ 1 million and that was juuust right for someone. The three-bedroom, three-bathroom house—a self-proclaimed “Bauhaus Style”—includes eco-friendly features like bamboo floors and insulated windows, as well as multiple balconies and exposed metal beams. That sale price again was $ 1 million.

· 4217 Scandia Way [Official Site]
· PriceChopper: Gleaming White In Glassell Park [Curbed LA]

Curbed LA

Curbed – What It Sold For: Meryl Streep Flips 1954 Research House For $4.8 Million

Saturday, August 16th, 2014

Did Meryl Streep and sculptor husband Don Gummer’s attempt to flip end up flopping? The pair have just sold their 1954 Research House by mid-century architecture firm Honnold & Rex, but they didn’t make quite as much as they’d hoped to. The Streep-Gummers paid $ 4.5 million for the house in February 2013, just after it had gotten a thorough restoration/redecoration by designer Xorin Balbes. The four-bedroom house has four bathrooms, a “walnut staircase with sculptural railing,” and skylights “for optimal display of fine art,” but for some reason, the actress and her husband didn’t want to stay for very long; they listed the house in April this year for $ 6.75 million, but with no takers, the price was chopped twice in May, finally coming to rest at $ 5.25 million. It sold this week, but for just $ 4.8 million—not quite the windfall they wanted, but a $ 300,000 flip is still something.

· 1514 Rising Glen Rd., Los Angeles, CA 90069 [Redfin]
· Meryl Streep Buys Honnold & Rex Research House in the Hills [Curbed LA]
· Meryl Streep Flipping Mid-Century Research House in the Hills [Curbed LA]

Curbed LA

Curbed – What It Sold For: This Little Mt. Wash Cottage Just Sold for $190k Over Asking

Thursday, June 26th, 2014

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An incredulous tipster sent us this listing saying, “we looked at this fixer-upper in Cypress Park, listed at $ 559,000, and figured it would go over asking price — possibly even up to $ 650k. We were SHOCKED to discover it went for $ 750k.” That’s right: it sold in “>about three weeks for $ 750,000—$ 190,000 over asking. (Note: this house last sold in 2010 for $ 227,000; that was over the asking price as well: it had been listed for just $ 215,000.) Sure, it could be that someone really wanted this little ranch-style residence, but it is also equally likely that we’re looking at a teardown or a major flip in the making—the .31-acre property includes a detached two-car garage, a standalone redwood studio space, and two additional parcels.

Perhaps the buyer is planning on making a fortune renting the little house, the detached garage, and the very cool renovated Airstream trailer (part of the sale as well) on Airbnb. Maybe there’s a gold vein running through the property. Then again, it could just be that the buyer is a person who appreciates their space and who yearns to hear the sounds of “owls hooting in the night.”


· 3790 Glenalbyn Dr., Los Angeles (City), CA 90065 [Redfin]

Curbed LA

Curbed – What it Sold For: The historic Heart House designed…

Sunday, April 27th, 2014

2014-04-heart_house.JPG The historic Heart House designed by John and Donald Parkinson and previously featured in February as a Weekend Open House, sold on March 27th at a price $ 100k over asking. From commenter Slice of Life: “This house sold for $ 1.1M, which was over asking price. I own the sister house which is almost identical and mine is located in Windsor Square. I knew about this house on Harvard years ago because we often pick up burritos at Cactus #2 on Beverly/Harvard.” Thanks for sharing. [Curbed LA]

Curbed LA