Stories of property values increasing by 5,000% over the last fifty years are not uncommon in states like California—in 1970, the statewide average home price was $24,300 and is as of early this year just under $800,000.
Nevertheless, it is still shocking to hear of price increases like that of a recently listed home in Los Angeles’ Windsor Square. The last time the property traded hands was in 1969 when it was purchased for just $60,000, or approximately 1% of today’s $5.75-million asking price.
The property last changed hands in 1969 when it was purchased for just $60,000, or approximately 1% … [+]
Hilton & Hyland
Since then, a lot has changed—not only to the house, which has undergone renovations and updates throughout the years, but also to Windsor Square, a historic neighborhood filled with some of the most desirable homes in Los Angeles.
Built in 1920 with designs by residential architect Robert D. Jones, this stately structure features a traditional Colonial-style facade with columns, a line of dormer windows on the roof and an ornate balustrade above the front door.
The stately residence was designed and built in 1920 by residential architect Robert D. Jones.
Hilton & Hyland
Sitting on a nearly half-acre parcel and the quiet corner of 5th St. and Irving Blvd., the three-story residence is comprised of six bedrooms and four-and-a-half baths covering roughly 6,000 square feet.
French doors leading outside and alcoves lined with bay windows make for a bright and airy interior. The home’s distinguished character furthered by design touches like carved crown moldings, built-ins and decorative trimmings about the ceilings and walls.
French doors leading outside and alcoves lined with bay windows make for a bright and airy interior. … [+]
Hilton & Hyland
The ground floor layout features a stylish kitchen with a butler’s pantry, granite countertops and Viking appliances, as well as a library, formal dining room and office space. Two sitting rooms, a breakfast nook and a living room complete the floor-plan.
A sweeping staircase leads upstairs to access the balcony and the five en-suite bedrooms, including a spacious primary suite with dual walk-in closets and a soaking tub.
The grounds feature a covered patio that takes in a graceful setting of mature trees and a … [+]
Hilton & Hyland
Outside, a covered patio overlooks the graceful landscaping of mature trees and a sprawling, grassy yard, giving the space an open yet intimate feel. In addition, the backyard includes a large sports court, two-story guest-house and a motor court for guest parking.
David Kramer of Hilton & Hyland holds the exclusive listing.
Hilton & Hyland is a founding member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.