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

Audacious Flips and Renovations cont'd

Anything and everything relating to Seattle-area real estate.

Moderators: synthetik, The Tim, Lake Hills Renter

Re: Audacious Flips and Renovations cont'd

Postby czarmar » Wed Mar 11, 2009 6:31 pm

Here's a flipper in my neighborhood in south Federal Way near Enchanted Village. I watched it when it was marketed by the bank a few months ago, and saw it bought for $175K at the end of January. The flippers stormed in with paint and granite countertops, and a little more than a month later, they will be happy to sell you this house for $275K!!

http://www.redfin.com/WA/Federal-Way/25 ... ome/362948
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Re: Audacious Flips and Renovations cont'd

Postby WestSideBilly » Sat Mar 21, 2009 10:13 pm

Some people still haven't gotten the memo.

http://www.redfin.com/WA/Seattle/3550-S ... ome/150722

Sold Jan '08 $607000
Listed Dec '08 $849500

Stand granite/stainless refurbish. Pink Ponies alive and well!
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Re: Audacious Flips and Renovations cont'd

Postby deejayoh » Sat Mar 21, 2009 11:10 pm

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Re: Audacious Flips and Renovations cont'd

Postby ira s » Sat Mar 21, 2009 11:18 pm

Why does anyone put the statement "instant equity" in their listings these days?

Because real estate agents are really slow learners?
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Re: Audacious Flips and Renovations cont'd

Postby rose-colored-coolaid » Sun Mar 22, 2009 6:47 pm

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Re: Audacious Flips and Renovations cont'd

Postby WestSideBilly » Mon Mar 23, 2009 3:38 pm

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Re: Audacious Flips and Renovations cont'd

Postby tomtom » Wed Mar 25, 2009 12:47 pm

Jan 30, 2009 Sold $220,000
Mar 25, 2009 Listed $298,950


Bungalow shell house ready to be adapted to whatever ideas you may have. This house has a new roof but is open to bare studs otherwise. A plan has been drawn for a classic bungalow 3 bedroom arrangement within the existing walls. This is approximately a 5000sf lot. Owner is a licensed elecrician but house is being sold as is with no waranty given or implied.

Charging $78,950 for gutting the house.

http://www.redfin.com/WA/Seattle/6042-7 ... ome/493931

Image
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Re: Audacious Flips and Renovations cont'd

Postby Civil Servant » Wed Apr 01, 2009 11:10 am

This house was sold, to what looks to be a renovation outfit, in September of last year for $493K.

Now it is back on the market at $789K.

http://www.redfin.com/WA/Seattle/4550-P ... ome/320107

You've got to admire the moxie, I guess. Listing ppsf is $451, a 53% premium over comps. Best of luck to you, NGS Partners LLC.
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Re: Audacious Flips and Renovations cont'd

Postby Thomas B. » Wed Apr 01, 2009 12:55 pm

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Re: Audacious Flips and Renovations cont'd

Postby FreedomLover » Wed Apr 01, 2009 2:16 pm

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Re: Audacious Flips and Renovations cont'd

Postby tomtom » Thu Apr 09, 2009 12:01 pm

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Re: Audacious Flips and Renovations cont'd

Postby tomtom » Thu Apr 09, 2009 12:08 pm

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Re: Audacious Flips and Renovations cont'd

Postby EconE » Tue May 05, 2009 8:14 pm

Found a couple "interesting" ones by a flipper with a cave fetish.


http://www.redfin.com/WA/Seattle/1610-P ... ome/150837

http://www.redfin.com/WA/Seattle/5322-4 ... ome/152379

Got Grotto?

Image

Image

Nice floors!

Image
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Re: Audacious Flips and Renovations cont'd

Postby Justin Case » Fri May 29, 2009 11:40 pm

http://www.redfin.com/WA/Seattle/6034-7 ... override=1

May 12, 2009 Price Changed $409,0001
Apr 13, 2009 Listed $425,000
Dec 04, 2008 Sold $256,000
May 26, 2004 Sold $300,000

What did they do in 4 months to justify that $169k markup? I don't know, because there are NO photos of anything other than the exterior or the kitchen. someone was kind enough to dump their shoes in the kitchen before the photo was taken, though:

http://media.cdn-redfin.com/photo/71/bi ... 31_1_5.jpg
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Re: Audacious Flips and Renovations cont'd

Postby Justin Case » Tue Jun 09, 2009 11:36 pm

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