February 2, 2015
Nourmand & Associates Realtors Had Highest Price Per Square Foot for 2014 in the Area
Michael Nourmand and Adam Sires of Nourmand & Associates Realtors sold the highest price per square foot home in the area from Gardner to La Brea and Beverly to 3rd. The property at 157 South Poinsettia Place, Los Angeles is 1,940 square feet and sold for $1,731,000, which equates to $892 per square foot. This was the highest price per foot per The MLS going all the way back to Jan 1, 2014.
This courtyard Spanish style three bedroom, three bath home is located minutes to The Grove, Beverly Blvd, and Melrose. It has been remodeled with high end fixtures and finishes throughout. The large step down formal living room features soaring ceilings, Batchelder tiled fireplace, and iron light fixtures. Formal dining room leads into the large gourmet kitchen with eat-in breakfast area, carrera marble counter tops and 6-burner range with stainless steel appliances. Master bedroom has French doors that lead out to an expansive deck and lush backyard. Also features a walk-in closet with an en suite marble bathroom with dual vanities and large shower. Newly landscaped front and rear yards, new electrical, HVAC and other system upgrades. Two-car garage with wide, usable driveway.
The demand for restored homes in this area is growing and this sale is proof that buyers are willing to pay a premium for better quality.