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Sold! Have Fun with that Negative Equity in a Few Years

I profiled this house on Tilden Ave in Culver City a few months ago.

They started by listing it at 849K in February, dropped it to 799K in June after there were no takers for four months. According to Zillow, it did finally sell, for 785K.

Talk about buying at the “top” of the market (more like the precipice of the market).

Zillow is already estimating its value at 775K (although the range goes higher). Remember, this house is LESS than 900 square feet. Doh!

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