"Homes tainted by homicide typically go for a discount of between 10% to 15% on the low end, and 25% on the high end, he said. They may also take longer to sell. In California, a death at a home must be disclosed for three years."
"The 1920s Spanish Colonial Revival gained notoriety on the night of Dec. 6, 1959, when then-owner Dr. Harold Perelson used a ball-peen hammer to bludgeon his sleeping wife to death in their bedroom. The 50-year-old cardiologist then turned on their teenage daughter, striking her with the hammer, before committing suicide by drinking a glass of acid."
"In most cases, the stigma attached from a murder-suicide will fade over time. But the legend of Los Feliz's so-called Murder House has only increased as it sat dormant for more than half a century - and led many to wonder who would want to buy such an infamous home, and for what price."
A 1920s Spanish Colonial Revival house in Los Feliz gained significant attention after listing on the Multiple Listing Service, drawing crowds interested in its notorious history rather than its location or price. The property became infamous following a December 6, 1959 murder-suicide in which Dr. Harold Perelson killed his wife with a hammer and attacked their teenage daughter before taking his own life. The home's legend intensified during decades of dormancy, raising questions about buyer interest and pricing. Specialists in stigmatized properties indicate that homes marked by homicide typically experience price reductions of 10-25%, with longer sales timelines. California law requires death disclosures for three years, and sellers often employ creative strategies to rebrand notorious properties.
#stigmatized-properties #real-estate-valuation #murder-suicide-history #los-feliz-housing-market #property-disclosure-laws
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