Seattle Bubble Forum Archive

by **rentalbliss** » Wed Jun 13, 2007 3:24 pm

This is the third time this house has been listed once right after it was bought in 06 and renovations done, then after a price cut re-listed and sat for months with no action then tried selling and lease option for way too much money ($2500 mo), finally someone took the lease option for $1995 about 4 months ago according to the records. Nobody moved in until a bout 2 months ago and even after the recorded sale it was still listed for sale or rent for about 2 months, now back on market again withh LLC and the lease option attatched even though these are all filed in default. So waht the heck is going on here why not just wait the 8 months or so for the lease option to come due? and can they sell if it is in default with a lease option? I do not understand how these things work but seems like a huge mess and not many would want to clean this up. Any opinions?

by **biliruben** » Wed Jun 13, 2007 3:33 pm

They're out of their minds.

Zillow must have the purchase price of the actual property as a strong factor in their formula. Paying too much for a house then means that it Zillows for much more than it's worth.

It Zillowed for a hair under 300K in Jan '06. I think that's pretty close to what I'd pay, though admitedly don't know the area.

by **rentalbliss** » Wed Jun 13, 2007 3:41 pm

Original sale 08/25/2006 $329,900.00

Then to I'm guessing lessor 02/08/2007 $375,000.00

Then LLC 3/9/2007 $0

All while still on the MLS and all over craigslist for lease to buy, I watched this very closely as I thought they were crazy then.

by **EconE** » Fri Jun 15, 2007 2:27 pm

This one was on the market about a year ago (maybe a little more than a year) for about 1.8M. It went STI fairly quickly considering the price range at the time.

now it's listed at 2.7M (price has been reduced)

Redfin & Domania have no sales history for this unit (I'm perplexed as to why) but it's pretty hard to forget this place once you see it. Too bad the pics don't give the 2000sf deck the justice that they did when it was listed at 1.8M.

anyhow...enjoy.

http://redfin.com/stingray/do/printable ... -id=649041

by **brettro** » Tue Jun 19, 2007 10:11 am

by **Nell Plotts** » Tue Jun 19, 2007 1:45 pm

by **mike2** » Tue Jun 19, 2007 10:30 pm

by **mike2** » Tue Jun 19, 2007 10:38 pm

by **EconE** » Wed Jun 20, 2007 4:16 am

by **EconE** » Wed Jun 20, 2007 4:28 am

by **phinneygirl** » Wed Jun 20, 2007 4:59 pm

by **deejayoh** » Fri Jun 22, 2007 3:29 pm

by **EconE** » Fri Jun 22, 2007 4:32 pm

by **Jazen** » Sat Jun 23, 2007 7:48 am

Realtor purchase?
Check out this ad, not a flip, but it went to STI and now it is back on the market! So why use STI as a gauge of positive housing activity?
http://www.redfin.com/stingray/do/print ... -id=825616

by **Jazen** » Sun Jun 24, 2007 4:46 pm

Seattle Bubble Forum Archive

Audacious Flips and Renovations

What do you guys think of this?

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