Compare House Prices
Latest postcard from the disaster: A Los Angeles home was recently
marked down $4.5 million. It's the Ennis House, a famous Frank Lloyd
Wright creation completed in 1924. You may have seen it in Blade Runner
or, um, a Ricky Martin video. Listed last year for $15 million, it
didn't sell, and it's now been discounted to $10.5 million. Even that
price may not qualify as a bargain. It's one of Wright's "textile block"
houses, notorious money pits. Severely damaged by the 1994 Northridge
earthquake and some monsoon-like rainy seasons, the home was red-tagged
by city inspectors in 2005. The foundation that owns it spent $6.5
million on repairs, and it's estimated that the new owner will need to
lay out a comparable sum. For what it's worth, Zillow's "Zestimate" for
the place is only $2,090,500. That presumably reflects what it would be
worth without a starchitect name attached.
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