Posted by: mikewochner | December 19, 2009

39645 Lake Drive Closes Escrow

39645 Lake Drive

39645 Lake Drive closed escrow this past week.  Built in 1973, this property needed a little TLC and it was close to Holloway’s Marina…but it had good square footage with 5 bedrooms, a 3 car garage, and 77 feet along the lake. The seller, who is a well known real estate broker down in OC, bought the property on 5/25/2005 for $1,000,000 and sold it this month for $880,000. It wasn’t a short sale (they put 20% down when they bought it).  This makes 23 lakefront sales in 2009…and there should be one more closing before the end of the year (39364 Aurora)
Below are the details of this sale.

List Price: $895,500
Sales Price: $880,000
List Price/Sales Price: 98%
Days on Market: 223
Sales Date: 12/16/2009
Sold Price Per Square Foot: $246.50/sqft

Related News:

Pending Sale:  39645 Lake Drive (BBLFI)



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