Saturday, March 1, 2008

Nudging $3 Million in Silver Lake

2312 Baxter Street, Silver Lake, Los Angeles

2067 Redcliff Street, Silver Lake, Los Angeles
What does $3 million buy in Silver Lake? 2312 Baxter Street (top), a 6 bedroom, 6 bath, 6,417 sq ft architectural masterpiece overlooking the Silver Lake Reservoir sold in July 2007 for $3.35 million -- a Silver Lake record. Currently on the market for $2,950,000 is 2067 Redcliff, a 3 bedroom, 3 bath uber high-end remodel -- with no yard or pool. It's hard to believe that in 2004 the highest sale in Silver Lake /Echo Park was $1.45 million (2038 Micheltorena). In the past year, 19.1% of sales in Silver Lake /Echo Park were over $1 million, up from 4.9% three years earlier.