Here it is-.. the records for The Riverstone County Sold records.. See how apparently same family members have purchased 5 units.. These units been on the market for almost 5 months.~! Total 8 Show up as sold.
Now take a look at there real Values.. according to tax records these Units are not Worth anything close to 350,000. dollars which records show people here or Lets Call them BAGHOLDERS- Paying 350,000 for 2 bedroom 900 square foot unit. Crazy- new paint, carpet and Granite deserves such a remarkable mark-up.
Look at these 98 units they are simply part of the Greater Sum of about 3-4 units. What you think is going to happen when they dont hit the Numbers to sell them? those people that locked in Purchases ya-think they going to become happy owners of blocks of 1000.-1200. Rentals, 1,200. might be stretching it.
I believe about 10-12 is under contract... they have buyers lined up however in order to complete funding for the deal many to most lenders require about or 70% Units to be sold prior to Closing on Financing... Makes sense if your lending your money you want to part of something that the surrounding Units get converted back into apartments. What kind of value would be BAGHOLDERS Be sitting on?? Not much if all a sudden they realize that Ownership is Costing 3 TIMES MORE-.. The question would be do you really Own anything at that point.
Parcel Number Taxpayer Building No. Unit No. Taxable Value Full Report
7345500010 RIVERSTONE DEV LLC 14002 1 $102,264 Link
7345500020 RIVERSTONE DEV LLC 14002 2 $103,186 Link
7345500030 RIVERSTONE DEV LLC 14002 3 $86,602 Link
7345500040 RIVERSTONE DEV LLC 14002 4 $78,311 Link
7345500050 RIVERSTONE DEV LLC 14002 5 $86,602 Link
7345500060 RIVERSTONE DEV LLC 14002 6 $68,176 Link
7345500100 RIVERSTONE DEV LLC 14006 10 $86,602 Link
7345500110 RIVERSTONE DEV LLC 14006 11 $67,255 Link
7345500120 RIVERSTONE DEV LLC 14006 12 $86,602 Link
7345500130 RIVERSTONE DEV LLC 14006 13 $85,681 Link
7345500140 RIVERSTONE DEV LLC 14006 14 $67,255 Link
7345500150 RIVERSTONE DEV LLC 14006 15 $86,602 Link
7345500160 RIVERSTONE DEV LLC 14006 16 $67,255 Link
7345500170 RIVERSTONE DEV LLC 14006 17 $86,602 Link
7345500180 RIVERSTONE DEV LLC 14006 18 $67,255 Link
7345500070 RIVERSTONE DEV LLC 14006 7 $67,255 Link
7345500080 RIVERSTONE DEV LLC 14006 8 $85,681 Link
7345500090 RIVERSTONE DEV LLC 14006 9 $67,255 Link
7345500190 RIVERSTONE DEV LLC 14010 19 $102,264 Link
7345500200 RIVERSTONE DEV LLC 14010 20 $103,186 Link
7345500210 RIVERSTONE DEV LLC 14010 21 $86,602 Link
7345500220 RIVERSTONE DEV LLC 14010 22 $67,255 Link
7345500230 RIVERSTONE DEV LLC 14010 23 $86,602 Link
7345500240 RIVERSTONE DEV LLC 14010 24 $67,255 Link
7345500250 RIVERSTONE DEV LLC 501 25 $103,186 Link
7345500260 TAING JANET 501 26 $103,186 Link
7345500270 TAING CHHOU+SHELLY K LAO 501 27 $103,186 Link
7345500280 TAING JANET 501 28 $103,186 Link
7345500290 TAING CHHOU KHENG+SHELLY K 501 29 $95,815 Link
7345500300 RIVERSTONE DEV LLC 501 30 $82,917 Link
7345500310 CHAO JOHN K 501 31 $73,704 Link
7345500320 RIVERSTONE DEV LLC 501 32 $73,704 Link
7345500330 RIVERSTONE DEV LLC 501 33 $103,186 Link
7345500340 RIVERSTONE DEV LLC 501 34 $103,186 Link
7345500440 RIVERSTONE DEV LLC 502 44 $103,186 Link
7345500450 RIVERSTONE DEV LLC 502 45 $103,186 Link
7345500460 RIVERSTONE DEV LLC 502 46 $95,815 Link
7345500470 RIVERSTONE DEV LLC 502 47 $82,917 Link
7345500480 RIVERSTONE DEV LLC 502 48 $96,737 Link
7345500490 RIVERSTONE DEV LLC 502 49 $96,737 Link
7345500500 RIVERSTONE DEV LLC 502 50 $131,746 Link
7345500510 RIVERSTONE DEV LLC 502 51 $103,186 Link
7345500520 RIVERSTONE DEV LLC 502 52 $103,186 Link
7345500620 RIVERSTONE DEV LLC 503 62 $102,264 Link
7345500630 RIVERSTONE DEV LLC 503 63 $102,264 Link
7345500640 RIVERSTONE DEV LLC 503 64 $102,264 Link
7345500650 RIVERSTONE DEV LLC 503 65 $102,264 Link
7345500660 RIVERSTONE DEV LLC 503 66 $96,737 Link
7345500670 REID GARY L 503 67 $82,917 Link
7345500680 RIVERSTONE DEV LLC 503 68 $73,704 Link
7345500690 RIVERSTONE DEV LLC 503 69 $73,704 Link
7345500700 RIVERSTONE DEV LLC 503 70 $102,264 Link
7345500710 RIVERSTONE DEV LLC 503 71 $103,186 Link
7345500810 RIVERSTONE DEV LLC 504 81 $103,186 Link
7345500820 RIVERSTONE DEV LLC 504 82 $102,264 Link
7345500830 RIVERSTONE DEV LLC 504 83 $95,815 Link
7345500840 RIVERSTONE DEV LLC 504 84 $83,838 Link
7345500850 RIVERSTONE DEV LLC 504 85 $95,815 Link
7345500860 RIVERSTONE DEV LLC 504 86 $95,815 Link
7345500870 RIVERSTONE DEV LLC 504 87 $131,746 Link
7345500880 RIVERSTONE DEV LLC 504 88 $103,184 Link
7345500890 GUANZON RODOLFO+DONNABELLE 504 89 $103,184 Link
7345500350 RIVERSTONE DEV LLC 511 35 $103,186 Link
7345500360 RIVERSTONE DEV LLC 511 36 $102,264 Link
7345500370 RIVERSTONE DEV LLC 511 37 $130,825 Link
7345500380 RIVERSTONE DEV LLC 511 38 $82,917 Link
7345500390 RIVERSTONE DEV LLC 511 39 $96,737 Link
7345500400 TAING CHHOU+SHELLY K LAO 511 40 $73,704 Link
7345500410 RIVERSTONE DEV LLC 511 41 $73,704 Link
7345500420 RIVERSTONE DEV LLC 511 42 $103,186 Link
7345500430 RIVERSTONE DEV LLC 511 43 $103,186 Link
7345500530 RIVERSTONE DEV LLC 512 53 $103,186 Link
7345500540 RIVERSTONE DEV LLC 512 54 $102,264 Link
7345500550 RIVERSTONE DEV LLC 512 55 $73,704 Link
7345500560 RIVERSTONE DEV LLC 512 56 $73,704 Link
7345500570 RIVERSTONE DEV LLC 512 57 $95,815 Link
7345500580 RIVERSTONE DEV LLC 512 58 $102,264 Link
7345500590 RIVERSTONE DEV LLC 512 59 $103,186 Link
7345500600 RIVERSTONE DEV LLC 512 60 $103,186 Link
7345500610 RIVERSTONE DEV LLC 512 61 $103,186 Link
7345500720 RIVERSTONE DEV LLC 513 72 $103,186 Link
7345500730 RIVERSTONE DEV LLC 513 73 $102,264 Link
7345500740 RIVERSTONE DEV LLC 513 74 $131,746 Link
7345500750 RIVERSTONE DEV LLC 513 75 $95,815 Link
7345500760 RIVERSTONE DEV LLC 513 76 $95,815 Link
7345500770 RIVERSTONE DEV LLC 513 77 $83,838 Link
7345500780 RIVERSTONE DEV LLC 513 78 $95,815 Link
7345500790 RIVERSTONE DEV LLC 513 79 $103,186 Link
7345500800 RIVERSTONE DEV LLC 513 80 $103,186 Link
7345500900 RIVERSTONE DEV LLC 514 90 $103,184 Link
7345500910 RIVERSTONE DEV LLC 514 91 $103,185 Link
7345500920 RIVERSTONE DEV LLC 514 92 $73,704 Link
7345500930 RIVERSTONE DEV LLC 514 93 $73,704 Link
7345500940 RIVERSTONE DEV LLC 514 94 $95,815 Link
7345500950 RIVERSTONE DEV LLC 514 95 $102,264 Link
7345500960 RIVERSTONE DEV LLC 514 96 $102,264 Link
7345500970 RIVERSTONE DEV LLC 514 97 $104,107 Link
7345500980 RIVERSTONE DEV LLC 514 98 $131,746 Link [/size]