Sanity At Last? Asking Price of San Pedro “Leprechaun Cottage” Reduced by 100K

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What do you call a 559 Square Foot house on a 1,263 SF lot? Somebody witty over at Curbed.LA called it the Leprechaun House, and somebody else called it ‘crazy’ when it was listed at $399,000. Now, as Curbed.LA reports here, the price has been reduced by 100K.

‘In mid-March, we featured this charming 1bd, 1ba cottage near the shores of San Pedro. Most of you expressed shocked outrage at the asking price of $399,000 for the 559 SF home. And we quote:

‘Commenter Anonymous: ‘559 SF on a 1,263 SF lot? that has to be record. Since it’s St. Patty’s day, can we assume that a family of leprechauns live there?’

‘Apparently, the seller heard you and has dropped their asking price by an astounding $100,000,’ to 299K.

Comments? Thoughts?
Photo Credit: Curbed.LA