This property located at 1644 Grandview ,  was originally listed in 2008 for $3,420,000.  Two years later the current price is $2,990,000 and it is also available for lease for just $10,000 a month. 

According to the Multiple Listing Service just four single family homes closed escrow in the 91201 during the month of October, with the highest sales price being $636,000.  There are 23 active listings in our zip code with an average of 79 days on the market and an average list price of $815,000.

Would you want to pay almost 3 million dollars to live in a neighborhood where the average list price is under 1 million dollars?  I think I would consider this home slightly over improved for our neighborhood wouldn't you??