Last month, November the most expensive home sold in the 91214-zip code was 2654 Prospect Avenue La Crescenta. This 1922 “Pine Lodge” home initially listed for $1,795,000 and sold in fifty-one days $100,000 less than asking at $1,695,000.
The sellers purchased this home in 2006 for $1,425,000. With most investments, timing is everything, and real estate is no different. Housing prices peaked in early 2006. And began to decline in 2006 and 2007, and reached new lows in 2012.
MLS Remarks for 2654 Prospect Avenue La Crescenta read: Built in 1922 by an early La Crescenta real estate developer Mark Collins, this wonderful property was known in the 1930s as ‘Pine Lodge’. Majestic pine trees and oaks on this half acre property contribute to a great sense of peace and privacy. The three-level home offers many features not easily found in one single property. The house and grounds can accommodate many people at one time, whether coming over for dinner or spending the night.
There are five bedrooms, two bathrooms on the main level, 1/4 bath on the lower level and 3/4 bath in the guest house. One of the bedrooms has an adjacent library with fireplace. A sunny dining room with skylight, the tearoom and a fabulous breakfast room with gorgeous windows are all great places to dine inside. Or, use the summer kitchen on the lower level and enjoy entertaining under your long-covered patio near the fire pit! The main gourmet kitchen completely remodeled and modernized in 2003. With stone countertops, Wolf gas and electric ovens, sub-zero refrigerator, and a two-drawer Fisher-Paykel dishwasher. The detached guest house, just remodeled, sports a new kitchen and bathroom. A completely renovated pool and added spa plus new decking and new pool equipment done in 2015.
