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Shay Mitchell Profits from Sale of 1931 Los Angeles Home
Sentiment: NeutralMedium Priority
What Happened?
Shay Mitchell sold her 1931 Los Angeles home for $1.95 million, exceeding the asking price. She purchased it in 2012 for $1.35 million, making a profit of $600,000.
Key points
- Mitchell bought the home in 2012 for $1.35 million.
- The house sold for $1.95 million, $55,000 above the asking price.
- The home features classic Spanish Revival architecture.
- Renovations included modern finishes and a redesigned kitchen.
- The property includes a swimming pool, spa, and guest casita.
- The sale was completed within weeks in May 2015.
Key insights
- The quick sale indicates a competitive real estate market in Los Angeles.
- Mitchell's renovations likely increased the home's value significantly.
- The demand for traditional-style homes remains strong in urban areas.
Why it matters
The sale reflects the strong demand for renovated homes in Los Angeles.
Tags
Entities
Shay Mitchell· PersonLos Angeles· CitySotheby's International Realty· Organization
Source
Times of India
