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Northwest Glendale Real Estate Hot Sheet
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Technically, neither of the new listings is really new.  Both deserve comment so… let’s get to it!1519 Randall

1519 Randall is one heck of a price reduction.  This is a very attractive home with a finished upstairs bedroom suite and a guest house in the back.  Tax assessed size, however, is only 1442 SF.   This means the house is worth more than a simple 1442 SF home and less than a large home with original or at least permitted space.  I have the same challenge with my listing on Howard - great space… will the buyers pay for it?

2019 Chilton relisted as a new listing after only 17 days on the market.  I can’t imagine why - and it probably doesn’t matter.  But this go ’round I noticed that the house has a garage converted to a guest house without permit. (original post here)

I think there is a great opportunity in these homes with un-permitted space!  There is tremendous political pressure at the state level to get cities to allow “granny units”.  As the Boomer Generation ages there is a huge need to house them once they can no longer live independently.   A granny unit is a guest house that is not permitted as a rental and it gives families the choice to have Mom, Dad or even Uncle/Aunt live with them rather than shoving them off to a rest home.   I truly believe that cities must eventually comply with this trend and, when they do, existing un-permitted units will be easier to permit.  This is all speculation on my part - but if I am right, these properties will suddenly have a much higher value!

1830 Ransom is one of the properties that I called a *deal alert*.  The listing agent told me that after 45 days of nothing she got 3 offers and they are now in pending status, just waiting to close.   45 days of nothing and then 3 offers.  Go figure. (original post here)