Silver Lake, Reservoir, Views

55161_0355169_11Here’s our new listing in Silver Lake and it’s great; light and bright on a corner lot just up the street from the Reservoir. It gives you the feeling of being in a “compound,” surrounded by trees with plenty of privacy even though everything you want is very close by. More photos and a full description here. We’ll be open both days this coming weekend, 1 to 4 pm.

Two on a Lot in Glassell Park

52927_0152930_04

Start with how beautiful these two homes are. Refurbished top to bottom by Kenihan Design.

Now do some math.

At at list price of $849,000, your 20% down payment puts your mortgage at something like $4,000 per month (round numbers here).

What kind of rent do you think you could collect for the smaller of these two houses? $2,500 per month? More? And you’d live in the larger unit, a 3 bedroom, 2 bathroom home with a detached studio.

A cool house, a great neighborhood, and a subsidized monthly mortgage payment. Contact us at Tracy Do Real Estate.

No Surprise: “Zestimates” are Usually Wrong

We won’t argue the fact that Zillow can be a useful tool. But it’s a tool with serious accuracy problems. As the LA Times notes, “nationwide Zestimates have a ‘median error rate’ of about 8%.”

8%? In the LA marketplace that’s a huge number, often translating to tens of thousands of dollars. If you’re looking to buy or sell a house, wouldn’t you like a more accurate idea of what it’s worth? Something more than generic sales data crunched into an algorithm?

Kick your Zillow habit. In the real world, houses have unique traits and nuances that speak volumes about their value. Having sold more Eastside homes than any other realtors for two years straight, we can safely say that we are market experts, with inside access to timely, reliable, accurate information. No “Zestimates” here. Just carefully thought-out analysis and an honest assessment of worth.

Contact us anytime at Tracy Do Real Estate.