By Nicole Lyn Pesce
Hey horror fans — the house of your dreams (or nightmares) is back on the market.
That’s right, the memorable two-story Dutch Colonial from the 1984 classic slasher flick “A Nightmare on Elm Street” has been listed just in time for Halloween for $3.25 million.
“Hustlers” director Lorene Scafaria bought the property at 1428 N. Genesee Ave. in Southern California’s Spaulding Square for $2.1 million in 2013. So much for slashing the price!
The memorable exterior of protagonist Nancy Thompson’s house looks almost exactly the same as it did in Wes Craven’s first “Nightmare on Elm Street” film, which has spawned a slew of sequels. The slasher franchise follows the spirit of serial killer Freddy Krueger, who wears an iconic glove with knives for fingers to stalk teens in their dreams. The stately white columns and green shingles still grace the portico entry of the home where the plucky final girl famously faced off against Freddy, but the red front door that really stood out in the film has since been painted black.
Realtors Heather T. Roy and Learka Bosnak from Douglas Elliman say in their listing that the home has been “lovingly lived in by the current owner.”
“It’s so much fun bringing this house to market during a historic real estate inventory shortage,” Bosnak told MarketWatch over email. “Buyers are worn out. They’ve been looking for a great house, one with enough bedrooms and en suite bathrooms and space to work from home. And here it is, and it’s beautiful, and it’s ready to buy, and it has this incredibly fun movie history.”
Some highlights of the 3-bedroom, 3.5-bathroom home set on .16 acres include a swimming pool, fragrant citrus trees and a detached guest house, as well as walnut floors, archways, picture windows, and the aforementioned “multiple work-from-home options” in the main house.
“We love this property. You walk through the iconic front door and you aren’t on a movie set or in a time capsule, you step into the Southern California dream,” said Roy via email.
The agents even put together a comical video tour of the property, which features someone in a Freddy Krueger costume popping out of the bathtub in the master suite bathroom, or bringing drinks to the ladies by the pool.
“After all of the restrictions of the pandemic, to have something to work on together with our staging designer and photographer and videographer and our whole team, that was so much fun,” said Bosnak. “We haven’t laughed this much since before the shutdown. And knowing it’s going to make a buyer really happy and be a fun moment for everyone who hears about it or gets to see it, that’s really special.”
Oh, and it should come as no surprise that offers on this piece of horror movie history are due by midnight on Halloween.
The housing market has been on a wild ride this year as sky-high demand, limited supply and low mortgage rates stirred potential buyers into a frenzy, with some even skipping inspections and appraisals , purchasing homes with cash, or snapping them up sight-unseen.
The market got so crazy for a time that listings for houses that would normally be undesirable suddenly became hot commodities, such as a “horror” house that was covered with graffiti , which reeled in multiple cash offers above its $600,000 asking price. And a burnt-out Bay Area home sold for $1 million in August.
But the real-estate market is returning to a more usual sales pace for this time of year as mortgage rates have climbed, Realtor.com manager of economic research George Ratiu told MarketWatch . “There are still more hopeful buyers than available homes for sale, even as properties are spending slightly longer on the market,” he said.
What’s more, Zillow /zigman2/quotes/204413973/composite Z +11.32% announced this week that it’s pausing its home-buying activities after facing a backlog of renovations and dealing with operational-capacity issues, which raised some red flags about the real-estate market .