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Seattle Bubble Forum Archive • View topic - An inflated starter home in White Center (courtesy of Erik)

An inflated starter home in White Center (courtesy of Erik)

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An inflated starter home in White Center (courtesy of Erik)

Postby Puget Sounder » Sun Feb 18, 2007 7:46 pm

Erik brought this to my attention in the weekend's Open Thread -- I thought I'd bring this over to the forums:

http://www.redfin.com/stingray/do/print ... -id=350644

MLS number: 27005818

Less than 700 square feet (a standalone house) and somehow has 2 bedrooms and one bathroom. For $309k. $460/square foot, nowhere near Belltown, Queen Anne Hill, or even Ballard!

The neighborhood is West Seattle's border with White Center. A gentrifying neighborhood at best -- at worst, a 'hood.

Interesting note: there is a Subaru B9 Tribeca SUV parked in the driveway. Don't know if that's the realtor's car or the homeowners, but I'm willing to bet that it's $35k out the door, probably not completely paid for either.

This sort of asking price mystifies me. Who would buy such a home for such a significant (for what it is!) cash outlay?

And no, I don't think anyone is going to tear this home down and build a McMansion in White Center.
Puget Sounder
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Posts: 83
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Postby downpayment » Mon Feb 19, 2007 12:08 am

Notice this:

Title says "New Price" - How many think this will become new "Buy Line" over the next 12 months or so.........

http://seattle.craigslist.org/tac/rfs/280911269.html
downpayment
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Posts: 37
Joined: Sun Feb 18, 2007 8:11 pm
Location: Bothell, WA

Postby S-Crow » Mon Feb 19, 2007 9:04 am

S-Crow
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Posts: 83
Joined: Mon Feb 19, 2007 8:46 am

Postby Puget Sounder » Mon Feb 19, 2007 9:23 am

Puget Sounder
Bubble Blatherer
 
Posts: 83
Joined: Sun Feb 18, 2007 7:30 pm

Postby Erik » Tue Feb 20, 2007 11:59 am

I laughed out loud when I first saw the listing. There was no way that place would sell at that price. Well, it turns out I was right. If I remember correctly, they had to drop the price from $315,000 to $309,000. Well okay then. That's much better.

I can no longer understand anything about this market.
Erik
Bubble Watcher
 
Posts: 12
Joined: Tue Feb 20, 2007 11:12 am


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