Ennis House Price Reduction - Frank Lloyd Wright's Ennis House in Los Feliz

Reblogger Stewart Penn - BRE# 01339266
Real Estate Agent with Windermere Real Estate - Palm Springs

Ennis House - 2607 Glendower Ave, Los Angeles

Another price reduction - Now For Sale at $7,495,000

That's a reduction of 50% from the original List Price a year ago!

Original content by COMPASS PALM SPRINGS | Stewart Penn DRE# 01339266

In June 2009 I blogged about Frank Lloyd Wright's Ennis House in Los Feliz which was listed For Sale with a record breaking $15 Million Price Tag. 

Now in February 2010 the List price has been reduced by almost $5 Million to $10,495,000.

The original house (measuring 10,000 sq ft) and chauffeur's house/garage were damaged in the 1994 Northridge earthquake and were red-tagged.

Since The Ennis house has been designated as a city, state and national landmark, the house has a conservation easement to protect it from demolition or insensitive alteration.

The Listing History doesn't indicate that the property has been in escrow since hitting the MLS last year, so it will be interesting to see if anyone shows real interest at the reduced price.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
California Los Angeles County Los Feliz
Groups:
The Lounge at Active Rain
Almost Anything Goes
Posts to Localism
LA Connection
Tags:
ennis house
los feliz real estate
fank llyod wright

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
186,230
Cameron Wilson
Labrum Real Estate - Murrieta, CA
The Short Guy - Murrieta,Temecula,Menifee Californ

Ouch. That is a large price tag for a property that will no doubt take Millions to repair.

May 16, 2010 09:06 AM #1
Rainer
437,789
Terry Chenier
Homelife Glenayre Realty - Mission, BC

Stewart,

The bigger the price tag, the bigger the hit it seems. Same thing here.

May 16, 2010 05:35 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
105,674

Stewart Penn - BRE# 01339266

Stewart Penn - Associate Broker
Ask me a question
*
*
*
*
Spam prevention

Additional Information