Hot Property: ‘American Idol’ contestant buys bank-owned Valley starter home
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‘American Idol’ Season 6 contestant Rudy Cardenas has become a first-time homeowner with the purchase of a three-bedroom, 1 1/2-bathroom bank-owned home in Van Nuys for $328,000.
The property had sold for $515,000 in May 2006, according to public records.
The traditional 1,460-square-foot home has a fireplace in the living room, an eat-in kitchen and a grass yard. The one-story home, built in 1954, is on a tree-lined street in the Valley Glen area.
In the first quarter this year, 53 single-family homes have sold in the 91405 ZIP Code for a median price of $330,000, according to MDA DataQuick. That’s a price drop of 24.5% from the first quarter of 2008.
-- Lauren Beale
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