Equity Stompin' Comp Killers

[deejayoh]

[unearthly]

[deejayoh]

Well, we can agree to disagree on the relative merits of n/s of aloha. given the same house for the same $, I'd take north. My $0.02.

but I do think that the area as a whole has held up better than just about any place in Seattle. I haven't seen much - if anything - in the way of price drops

[WestSideBilly]

Any thoughts on the sales history of the house at 720 14th? $1.85m in 2000, $1.05m in 2002?

[garth]

I didn't look up the parcel, but I would guess divorce.

[ira s]

That property at 720 14th was short platted prior to it's 2002 sale, so a 6000 square foot piece was cut off from the original parcel, and sold separately.

[unearthly]

[unearthly]

[deejayoh]

I've looked at the flips for just about every neighborhood in seattle. I don't mean a few - I mean I download the records for every home on the market and see how current asking vs. last sold compares for homes purchased in the last ~30 months. I've also looked at price per square foot by neighborhood for the past 15+ years. By either of those measures, Capitol Hill is holding up quite well. That's what I meant by strong.

nobody seems to be losing money. they certainly are not on any of the listings you point to - even with substantial price drops. the same cannot be said for West Seattle, Ballard, etc..

I'm not personally vested in it, as I'm renting right now and I don't even want to live there long term. I am just making an observation - which I can support w/fact based comparisons - that it is doing better than most other neighborhoods.

I'm out on this one

[unearthly]

[cheapseats]

This one is right on Aurora ave, but the only pic seems nice. Anyone know anything about it?

http://www.redfin.com/WA/Seattle/3929-A ... me/2078464

Nov 25, 1991 $220,000 --
Jan 11, 2008 $798,813 8.3%/yr
now at $475K

Somethings odd there

[WestSideBilly]

[WestSideBilly]

King County lists it as a triplex w/ retail.

http://www5.kingcounty.gov/kcgisreports ... 1931301040

[cheapseats]

Someone f'ed something up? Or found something...

http://www.redfin.com/WA/Seattle/1546-M ... ome/140368

House totally gutted, be careful when viewing. Not for the faint-hearted. Bring your guts and checkbook. Will require CASH or REHAB loan only. Motivated seller says bring all offers now! This is NOT a short sale. Sold as-is, no warr of any kind. Buyer to verify all info to their satisfaction. Keybox is on garage door.

Feb 14, 2008 $680,000
Now @ $309,000 Actually that is a good deal for that location.

[perfectfire]

That doesn't look that bad to me. I was expceting a Detroit-style stripped bare house.