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Seattle Bubble Forum Archive • View topic - Audacious Flips and Renovations

Audacious Flips and Renovations

Anything and everything relating to Seattle-area real estate.

Moderators: synthetik, The Tim, Lake Hills Renter

Postby EconE » Sun Sep 30, 2007 8:35 pm







So...it looks like the lenders are either trying to profit on this one or...IMHO...list their own REO at an over inflated price so that they can help the $800+/sf downtown condos appear like bargains to help move product.

Interesting "dip" in Zillow's graph with a nice spike right back up.

Sweet Pad.
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Postby Denny Retrograde » Mon Oct 01, 2007 11:59 am

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Postby CliveL » Mon Oct 01, 2007 1:35 pm

So much for pink ponies and Microsoft affect on the East Side.
was bought for $959,950 and now is listed @ 925,000.
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Postby EconE » Mon Oct 01, 2007 10:39 pm

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Postby ayles » Wed Oct 03, 2007 6:41 pm

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Postby faster » Wed Oct 10, 2007 12:14 am

Kary Krismer does not read Seattle Bubble, but he does reply to posts here.
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Postby biliruben » Thu Oct 11, 2007 11:45 am




Date Price
03/14/2007 $825,000
12/14/2006 $640,000
08/31/2005 $495,000
05/31/2001 $83,000
06/02/1989 $115,000
--

Now asking $899,000. Busy street. Crappy lot. Tax assessed at 300K.

Jeez.

The only way this doesn't point to mental retardation on the part of the current owner is that they were given a huge chunk of change under the table.
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Postby mike2 » Mon Oct 15, 2007 7:32 am

Someone has decided they REALLY want to sell after not being too serious about it for the past year. This property was foreclosed on from the previous owner.

8516 5th Ave NE
Seattle, WA 98115

Originally listed at $579K
Now asking $485K

This place sat on the market for months in the $550K+ range and the owner, who happens to own several flips in the area, was content to let it sit and appreciate. For some reason he seems to have had a change of heart this fall.

This property has 1 really big negative: It is right next to a gas station. My

http://www.redfin.com/stingray/do/print ... id=1071987
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Postby deejayoh » Sat Oct 20, 2007 10:58 pm

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Postby mike2 » Fri Nov 02, 2007 8:18 am

There's got to be something wrong with this place. It looks fairly nice.

Price: $479,950

602 NW 87th St
Seattle, WA 98117

Sales History
Date Price Appreciation
04/12/2007 $494,481 -9.9%/yr
01/31/2006 $560,000 105.1%/yr
05/17/2005 $336,500 9.0%/yr

http://www.redfin.com/stingray/do/print ... id=1260459
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Postby deejayoh » Fri Nov 02, 2007 9:16 am

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Postby TheMightyQuinn » Fri Nov 02, 2007 10:00 am

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Postby ayles » Fri Nov 02, 2007 10:39 am

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Postby mike2 » Fri Nov 02, 2007 10:53 am

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140K price appreciation in 3 weeks? 8/23 - 9/16? I doubt it.

Postby lannypoffo » Sun Nov 04, 2007 1:17 pm

How about this one - purchased 8/23
Listed for sale again 22 days later at $140K higher price!

What kind of changes could be made in 3 weeks that would add $140K value?

http://www.redfin.com/stingray/do/print ... id=1126527
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