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A nice example of realtor self-dealing

deejayohdeejayoh
edited February 2007 in Seattle Real Estate
8014 45TH AVE NE
SEATTLE, WA 98115-5140
MLS: 27016902

I ran across this listing on Redfin. House was purchased in 01/07 for $675k - and is back on the market for $830k.

$155k profit for the apparent added value of "Architectural sketches are at the house for modest renovation or full scale remodel". I'm guessing they bought thinking they'd flip it and then got scared. :shock:

Check out the description:

Rare, fabulous opportunity to live right on the Sand Point Country Club golf course. House is ready for renovation or expansion or live in as is until ready to build. Hardwood floors and large glass walls. Landscaped yard with built-in sprinkler system. Located on quiet dead end street. Architectural sketches are at the house for modest renovation or full scale remodel. Full size RV parking spot on side of house with sewer connection point. Seller is licensed real estate agent.

MLS: 27016902

Comments

  • aylesayles
    I guess I don't understand. Seems like you could do a hell of a lot better for $850,000.00.

    This one is Renton, but at least it kind of has a high dollar look to it.
    MLS# 27021194
  • tomtom
    Market is full of flips guys. here is another example--

    http://www.redfin.com/stingray/do/print ... -id=524585

    bought in Nov. 2006 for $585K, and now the flipper wants $850K for this house.

    the only bad thing is that i'm sure that sooner or later, somebody wil fall for this.
  • T, V & Mr. B.T, V & Mr. B.
    actually right now, the more flips the better. It just means those bastards are gonna be hurtin' real soon. Flip away flippin' flip flippers.
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