Highest Windsor Square Sale Ever: Lucerne Ave

Highest Windsor Square Sale Ever: Lucerne Ave

Flipping Homes in Windsor Square:

 

There is profit to be made flipping houses in Hancock Park and Windsor Square.  Homeowners who are looking to sell their Hancock Park or Windsor Square home can get creative and ambitious and “flip” their home before sale.  A homeowner is allowed to deduct $500,000 from taxes on the gain of the sale of their home ($250,000 for single taxpayers) if they live in the house for 2 of the last 5 years before sale.  Doing renovations before sale can pay off big time!  Key is to make sure renovations are designer done!

 

Windsor Square home sale

 

 

Highest Windsor Square Home Sale Ever

 

We sold the house at 355 S Lucerne for 3,325,000 on 10/23/2105.  The property was purchased as an investment for 1,789,0000 on 4/17/2014.  The property just sold again for 3,700,000 on 4/5/2017.  The house was completely restored 2014-2015 and then it appreciated yet again to 2017.  The remarkable thing about the sale is that house is on a small lot of 8255 square feet (because a previous owner subdivided the lot years ago and built a second house on the property and then sold that second house!)

 

 

Historic Windsor Square

 

Windsor Square is a beautiful areas of tree-lined streets, wonderful neighbors, historical houses with character and charm, and walking distance to quaint Larchmont Village with great eateries + shops and a Sunday Farmers Market.  It is a historical area so doing renovations requires getting permission for any changes to be made to the exterior of the property.   Houses in the area are desirable and in demand and houses that are renovated, especially those that are designer done, sell for top dollar.  As area experts, we at The Bienstock Group would be honored to get you top top dollar for your Windsor Square home.