[Update June 13, 2013]: This home sold for $1,242,000 on June 7, 2013 which was $553,000 less than the original asking price on September 5, 2012 and $665,000 less than the original purchased price of $1,907,000 on February 8, 2008 which is a big loss on this Woodland Hills Home that was conducted as a short sale so the banks took the hit or is it the taxpayers?
[Original Post]:
5055 Hood Drive
5 Beds/4 Baths on 3,467sqft on a total lot size of 1.08 acres built in 1930's Woodland Hills currently available for $1,795,000. This home was designed in 1930 by Milton J. Black who was the architect of Hollywood's El Cadiz apartment and various Streamline Moderne apartments and homes. This home was last purchased on February 8, 2008 for $1,907,000 and was listed for sale at $1,895,000 on October 8, 2010 which has been on and off the market ever since. Prior to this transaction, the home was last purchased on April 14, 1986 for $510,000.
From the listing:
Exceptional Mediterranean Estate on a 1.2 acrea lot with separate guest house and views of the San Fernando Valley. This 1930's Milton J Black home is centered around an interior courtyard perfect for in and outdoor flow. Features include: large formal living room with beamed ceilings and grand fireplace, formal dining, chefs cook kitchen and luxurious master suite with newly remolded designer bath. Landscaped park-like grounds included circular driveway, sparkling swimming pool, tennis court, verandas and walking paths. This is truly an exceptional estate and an oppotunity to own a significant property in a prime South of the Boulevard location.You can view SFV Architecture and Real Estate here.
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| Images courtesy Hilton & Hyland |
