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

Audacious Flips and Renovations

Anything and everything relating to Seattle-area real estate.

Moderators: synthetik, The Tim, Lake Hills Renter

Postby mike2 » Tue Jun 05, 2007 11:12 am

Last edited by mike2 on Wed Jun 06, 2007 3:31 pm, edited 1 time in total.
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Postby deejayoh » Tue Jun 05, 2007 11:31 am

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Postby biliruben » Tue Jun 05, 2007 11:37 am

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Postby phinneygirl » Tue Jun 05, 2007 10:09 pm

It seems like the new Redfin takes longer to load. I used to be able to move the map around and the houses showed up instantly, now it sometimes freezes up, or it takes 5-10 seconds to load once the map has been moved.

Regarding the house...if those are the four *best* photos they can come up with....ouch.
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Postby mike2 » Wed Jun 06, 2007 3:04 pm

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Postby phinneygirl » Fri Jun 08, 2007 3:36 pm

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Postby brettro » Sat Jun 09, 2007 11:22 am

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Postby faster » Sat Jun 09, 2007 12:28 pm

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Postby Alan » Sat Jun 09, 2007 12:34 pm

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not so far-fetched

Postby george » Sat Jun 09, 2007 12:42 pm

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Postby mike2 » Tue Jun 12, 2007 2:49 pm

This condo flip doesn't look like it's going to end well.

Previous sale price: $225,000
Current asking price: $255,000

1900 N Northgate Way #H1908
Seattle, WA 98133

http://www.redfin.com/stingray/do/print ... -id=760171

Figuring they financed it with a 1 year arm at 5.5%, + taxes and dues the carying cost alone was $17,500.

I saw this place last year and it was full on 1970's interior back then, so I'd guess they spent more than $12,500 on the remodel.

Figure 6% selling costs at $15,300, all that "sweat equity" earned them was a sore back.
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Postby deejayoh » Tue Jun 12, 2007 5:07 pm

Check this one out http://www.redfin.com/stingray/do/print ... -id=723460


Sold on 2/5/07 for $592k
On the market 41 days, so it was put on probably May 1
Just went STI for $685k

$93k for 3 months?
That's 60% appreciation - and it doesn't look like any of the remodeling is brand new.
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Here comes one with some good ideas and lots of potential .

Postby newbee » Tue Jun 12, 2007 11:29 pm

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Postby EconE » Tue Jun 12, 2007 11:50 pm

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Postby ayles » Wed Jun 13, 2007 9:59 am

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