.Most Expensive Home Sold in La Crescenta for August 2018: 2640 Pinelawn Drive. This Pinecrest estate listed for $1,399,000 and sold in 32 days for $1,600,000 more than $200,000 over asking price. The sellers purchased this La Crescenta home for $179,000 in 1979. History continues to prove that owning real estate is a great way to increase your net worth.
MLS Remarks Read:
A peerless combination of exclusive Pine Crest location, elegant upgrades, views to the ocean, and Blue-Ribbon schools K-12. This remodeled 4 bed/2.75 bath tri-level (with large 2nd family room/5th bedroom) overlooks the Crescenta Valley, with spectacular views past DTLA. Lovingly maintained by the same family since 1979, the home was recently remodeled with: upgraded kitchen with quartz and Frigidaire Gallery appliances, new bathrooms with Italian tile, new lighting, flooring, AC, heater, gutters, 200 Amp electrical panel and more. Dual-pane windows + sliders (2011) and copper plumbing throughout.
On the main level are the living, dining and family rooms and kitchen. Upstairs, are 2 bedrooms and master suite with balcony perfect for taking in the expansive views. And a barn door leading to the luxurious bathroom with tub and oversize shower stall. Downstairs, which stays cool in summer, are a large 4th bedroom, lots of storage space, and 2nd family room with closet and sliding doors to poolside. There are views from every room. Outside are the mostly xeriscaped front yard, and a backyard that has it all. A large pool and Jacuzzi, redwood deck, covered patio, and new turf. Two Strike Park, Monte Vista, Rosemont and shopping are just down the hill.
According to Core Logic’s June Home Price Index, there are four housing tiers. The lowest priced tier increased nearly 10% year over year. The low to middle tier 8%, 7% for the middle to moderate tier and 5.7% for the highest priced tier. These are nationwide numbers but are applicable to our Foothill housing market as well. Because of the difference in the appreciation rate, this trend benefits current homeowners interested in moving to a more expensive home.