Contact: Warchestsm@gmail.com -- All e-mail correspondence is kept strictly confidential unless otherwise requested.

Saturday, September 24, 2011

No Bid For The Junk

Address: 1037 Hill - 90405

Details: 3 bed/1 bath 1,286 sq ft house on a 3,000 sq ft lot, "remodeled"

Description: Amazing home completely remodeled on corner lot! Hardwood floors throughout,maple kitchen cabinets, granite counter tops and stainless steel appliances are just some of the features in this one of a kind property.

Previous Purchase: 12/5/06 - $775,000

Listing History: 1/3/11 - $799,000
Reduced down to - $745,000
Canceled after 217 DOM


Re-Listed as short sale: 9/19/11 - $700,000

This house was purchased a little after the market peak. Then it was put on the market early this year for a stunningly high price of $799k...After wasting a bunch of time we are starting to get closer to reality as the house was recently relisted as a short sale. But this price is still probably too high, especially with the pretty challenging location, tiny lot, and single bathroom. These are all major problems. Buyers don't want junky stuff these days unless it is really priced at an attractive level. It is going to take a deeper rollback to clear this inventory.

0 comments:

Post a Comment