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Corona Heights Flip Adds Value, Then Takes it Away

Its price is slashed by 150K

Back in September we wrote about 34 Levant Street when it entered the market at $4.995 million. At that time, we noted that after a mega flip, it increased in value by five times (it sold for $1.1 million in 2012).

It's languished on the market since, and it has now cut its price by $150,000. When we first wrote about it, we noted that it "checked all the flip boxes" with an open floor plan, a soaking tub, Nest thermostats, and an elevator.

The most fantastic element is the uppermost story. This is a house that has the open-plan kitchen, dining room, and living room on the top level to take in the view, the theory being that the best time to enjoy it is when you are awake and active. Here, you have a lovely deck off the kitchen in the back that's surrounded by trees; and there's also a smaller view deck at the front with some stunning vistas. The open-at-both-ends feature makes it feel like a cabana.