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95K OFF IN BALLARD

LionelLionel
edited May 2007 in Seattle Real Estate
Price Reduced $95K for quick sale! Charming 1930 Ballard Bungalow walk to shopping, restaurants & Farmer's Market.

http://seattle.craigslist.org/see/rfs/331221771.html

Comments

  • deejayohdeejayoh
    edited May 2007
    not sure how "quick" they want to sell. been on the market 58 days

    Price Reduced: 04/09/07 -- $595,000 to $559,950
    Price Increased: 04/10/07 -- $559,950 to $595,000
    Price Reduced: 04/10/07 -- $595,000 to $559,950
    Price Reduced: 05/15/07 -- $559,950 to $499,950

    Next month, Shuggy will list it as having gone in a bidding war when it sells for $502k
  • mike2mike2
    Instrument Number: 20070412001163
    Sequence #: 0
    Date Received: 04/12/2007 11:49:32 AM
    Document Type: DEED OF TRUST


    She re-fi'd it while it was listed on the market? I thought that was a no-no. Apparently she's running low on cash. Probably already spent that $95K in "equity".

    Odd, she's owned it for 11 years.
  • twistjustytwistjusty
    She probably took out a HELOC so she could have a downpayment for the property she's buying. Not unheard of for "longterm" owners to do that.
  • mike2mike2
    twistjusty wrote:
    She probably took out a HELOC so she could have a downpayment for the property she's buying. Not unheard of for "longterm" owners to do that.

    You're right about that - what is unusual is that it happened while the property was on the market. Then again it may indicate she signed on another place and now really needs to dump the old one. Bad planning either way.
  • klioklio
    Or she could have refinanced to consolidate a little remodel, vacation, credit card debt. Maybe didn't get the best loan, spends beyond her means and is now feeling the pinch.

    Question Mike2:
    Where did you find the financial information on this parcel? Thanks.
  • mike2mike2
    Get the Parcel Number off Zillow then go to the King County Records site and look up the docs on file.
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