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.
Looks like the bank started foreclosure on him, and from all the other addresses listed on the Notice of Trustee sale he has at least 4 other houses in the area.
IS THIS PERSON GREEDY OR WHAT?! I think this one is going to be sitting on the market for a LONG time, or they're going to have to do some serious price dropping. Unless someone has serious cash to pay down, no bank will loan money for a house that will not appraise anywhere near the price they're asking...
The *icing on the cake* is the comment that they'll throw in the 50" TV. Sure, I'll pay $200k more for a house if it means I'll get a free TV (valued at $1500). ha ha 8)
Bought in late Jan for $295k
On market in early May for $440k
Price reduced a few days ago to $425k and added a 1yr home warranty
this place has no view, no balcony, the building is garbage, and there are 5-6 halfway houses within a block. BUT, all the staging furniture is included!
Update on my favorite flip: price has now been reduced to $400k, now been on the market for 33 days. Added this reassuring language to its ad: No tricky pictures, this unit is even nicer in person! Priced below many 1 bedroom units!
IS THIS PERSON GREEDY OR WHAT?! I think this one is going to be sitting on the market for a LONG time, or they're going to have to do some serious price dropping. Unless someone has serious cash to pay down, no bank will loan money for a house that will not appraise anywhere near the price they're asking...
The *icing on the cake* is the comment that they'll throw in the 50" TV. Sure, I'll pay $200k more for a house if it means I'll get a free TV (valued at $1500). ha ha 8)
It's not even a very nice TV - it looks like the type of TV that's probably more trouble to move than it's worth.
Bought for $555,000 04/07/2006
On market for $682,500 almost a year later.
Here comes what is striking about this listing: It is actually 1600 sqft but has *potential* for 3200 sqft. So he did not see any reason not to post it as 3200 sqft. Genius...
This house is currently configured with 1600 sqft 3 bdrm street level & 1600 sqft 3 bdrm lower level. Live upstairs & rent downstairs or stairs can be easily rebuilt between upper and lower level to make a full 3200 sqft single family house.
not sure how well this one is going to go...per domania it closed Nov 06 for 290k. I'm pretty sure that was the actual price paid as my guess is that there weren't too many incentives offered on pre-sales at the time.
not sure how well this one is going to go...per domania it closed Nov 06 for 290k. I'm pretty sure that was the actual price paid as my guess is that there weren't too many incentives offered on pre-sales at the time.
This is the third time this house has been listed once right after it was bought in 06 and renovations done, then after a price cut re-listed and sat for months with no action then tried selling and lease option for way too much money ($2500 mo), finally someone took the lease option for $1995 about 4 months ago according to the records. Nobody moved in until a bout 2 months ago and even after the recorded sale it was still listed for sale or rent for about 2 months, now back on market again withh LLC and the lease option attatched even though these are all filed in default. So waht the heck is going on here why not just wait the 8 months or so for the lease option to come due? and can they sell if it is in default with a lease option? I do not understand how these things work but seems like a huge mess and not many would want to clean this up. Any opinions?
Zillow must have the purchase price of the actual property as a strong factor in their formula. Paying too much for a house then means that it Zillows for much more than it's worth.
It Zillowed for a hair under 300K in Jan '06. I think that's pretty close to what I'd pay, though admitedly don't know the area.
This one was on the market about a year ago (maybe a little more than a year) for about 1.8M. It went STI fairly quickly considering the price range at the time.
now it's listed at 2.7M (price has been reduced)
Redfin & Domania have no sales history for this unit (I'm perplexed as to why) but it's pretty hard to forget this place once you see it. Too bad the pics don't give the 2000sf deck the justice that they did when it was listed at 1.8M.
Bought in late Jan for $295k
On market in early May for $440k
Price reduced a few days ago to $425k and added a 1yr home warranty
this place has no view, no balcony, the building is garbage, and there are 5-6 halfway houses within a block. BUT, all the staging furniture is included!
Update on my favorite flip: price has now been reduced to $400k, now been on the market for 33 days. Added this reassuring language to its ad: No tricky pictures, this unit is even nicer in person! Priced below many 1 bedroom units!
http://redfin.com/stingray/do/printable-listing?listing-id=734579
My favorite flip seems to be going down in flames. Been on the market for 43 days, price just lowered $10k to $390k (still too much). The best part though is the text that has been added to the ad: MAKE ME AN OFFER! My need for a quick sale is truly your gain! Already an unbeatable value for this unit!
These new townhomes don't seem to hold value well.
Especially when they are right on 85th. I have a friend that paid 335k for one that has only 1.5 baths in 09/2005 that is no more than a light swing of a pitching wedge to the north east of that townhouse. The finishes ard quality are pretty much the same.
He thinks that it has appreciated and wouldn't pay any attention to me regarding the bubble. I have been telling him about it for at least 6 months. I hesitated telling him about it after I heard he had purchased it because during the Dot Com boom I had to tell him a very expensive "I told you so" when I told him to exercise his options and diversify...that was late 99 or early 2000...I can't remember exactly...He lost $750k on that one. I warned him at the 750K mark and once again at the 350k mark. Not too long ago I saw one that was had 2.5 baths that went for under 320k per "solds" on zillow as I have been tracking his townhome for quite a while on Zillow as they would show the "recently solds" Now for some reason. Many more seem to be listed at the 380k mark. I don't know what happened to the sub 320k sale.
Finally I told him about it as he still feels the same way. Now I'll be following this one quite closely. And it will be interesting to see what it sold for. I'm going to log the 339,888 asking price here and then compare it to the actual "sold" price when it finally goes. I expect it to be less than the asking price due to the location and the fact that in this "soft market" I highly doubt that there will be a bidding war and I would venture to guess that it won't get asking price. Let's see what Zillow and or Domania will have to say when it's all over and done.
I almost feel like making a lowball cash offer over the phone with a ton of contingencies (just so I can assuredly back out) to see what the "market" will actually bear. I won't actually do that as it wouldn't be cool as it looks like the person is already losing out but I'll be watching this one very closely.
just a little harder club swing west to Stone Ave. I actually just now tried to Zillow his address as I have done in the past...and it no longer seems to come up. Go figure.
That whole area is one big wasteland of townhomes. One of these days one of them will catch fire and the whole neighborhood will go up in flames. Ever try parking in that neighborhood? It's worse than the U-District... not enough street space for all the cars of people occupying the many townhomes in those blocks.
Comments
BTW - am I the only one who hates the new Redfin interface?
Regarding the house...if those are the four *best* photos they can come up with....ouch.
15755 Dayton Ave N
Shoreline, WA 98133
Current Asking Price: $349,900
Last sale: 03/31/2006 $363,950
http://www.redfin.com/stingray/do/print ... -id=476110
Looks like the bank started foreclosure on him, and from all the other addresses listed on the Notice of Trustee sale he has at least 4 other houses in the area.
http://www.redfin.com/stingray/do/print ... -id=728255
List price: $599,950
Last sale: $160,000 in 2001
Zestimate: $411,230
Prop. taxes: $2767
IS THIS PERSON GREEDY OR WHAT?! I think this one is going to be sitting on the market for a LONG time, or they're going to have to do some serious price dropping. Unless someone has serious cash to pay down, no bank will loan money for a house that will not appraise anywhere near the price they're asking...
The *icing on the cake* is the comment that they'll throw in the 50" TV. Sure, I'll pay $200k more for a house if it means I'll get a free TV (valued at $1500). ha ha 8)
Update on my favorite flip: price has now been reduced to $400k, now been on the market for 33 days. Added this reassuring language to its ad: No tricky pictures, this unit is even nicer in person! Priced below many 1 bedroom units!
It's not even a very nice TV - it looks like the type of TV that's probably more trouble to move than it's worth.
Or maybe I could make it a new Mustang or a trip to Hawaii.
I think I may start asking this at open houses.
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.
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.
On market for $682,500 almost a year later.
Here comes what is striking about this listing: It is actually 1600 sqft but has *potential* for 3200 sqft. So he did not see any reason not to post it as 3200 sqft. Genius...
http://www.redfin.com/stingray/do/print ... -id=737902
not sure how well this one is going to go...per domania it closed Nov 06 for 290k. I'm pretty sure that was the actual price paid as my guess is that there weren't too many incentives offered on pre-sales at the time.
the furniture certainly wasn't cheap either...
http://dwr.com/productdetail.cfm?id=1019
http://dwr.com/productdetail.cfm?id=5198
$4500 dollar couch in a studio? I take it the cheap futon is for sleeping?
8410 NE 140TH ST, Bothell, WA 98011
Zillow must have the purchase price of the actual property as a strong factor in their formula. Paying too much for a house then means that it Zillows for much more than it's worth.
It Zillowed for a hair under 300K in Jan '06. I think that's pretty close to what I'd pay, though admitedly don't know the area.
Then to I'm guessing lessor 02/08/2007 $375,000.00
Then LLC 3/9/2007 $0
All while still on the MLS and all over craigslist for lease to buy, I watched this very closely as I thought they were crazy then.
now it's listed at 2.7M (price has been reduced)
Redfin & Domania have no sales history for this unit (I'm perplexed as to why) but it's pretty hard to forget this place once you see it. Too bad the pics don't give the 2000sf deck the justice that they did when it was listed at 1.8M.
anyhow...enjoy.
http://redfin.com/stingray/do/printable ... -id=649041
My favorite flip seems to be going down in flames. Been on the market for 43 days, price just lowered $10k to $390k (still too much). The best part though is the text that has been added to the ad:
MAKE ME AN OFFER! My need for a quick sale is truly your gain! Already an unbeatable value for this unit!
poor guy
A "UNIT"? People buy HOMES not 'units'. It will take a long time for that to sell whatever the value.
8518 Nesbit Ave N
Seattle, WA 98103
Purchased 4/5/2007 for $369,500
Current asking price: $329,990
That's -$40K in 2.5 months.
http://www.redfin.com/stingray/do/print ... -id=471494
Can anyone explain this?
8501 Midvale Ave N
Seattle, WA 98103
Purchased 3/30/07 for $354K
Current asking price: $339K
http://www.redfin.com/stingray/do/print ... -id=836311
These new townhomes don't seem to hold value well.
Especially when they are right on 85th. I have a friend that paid 335k for one that has only 1.5 baths in 09/2005 that is no more than a light swing of a pitching wedge to the north east of that townhouse. The finishes ard quality are pretty much the same.
He thinks that it has appreciated and wouldn't pay any attention to me regarding the bubble. I have been telling him about it for at least 6 months. I hesitated telling him about it after I heard he had purchased it because during the Dot Com boom I had to tell him a very expensive "I told you so" when I told him to exercise his options and diversify...that was late 99 or early 2000...I can't remember exactly...He lost $750k on that one. I warned him at the 750K mark and once again at the 350k mark. Not too long ago I saw one that was had 2.5 baths that went for under 320k per "solds" on zillow as I have been tracking his townhome for quite a while on Zillow as they would show the "recently solds" Now for some reason. Many more seem to be listed at the 380k mark. I don't know what happened to the sub 320k sale.
Finally I told him about it as he still feels the same way. Now I'll be following this one quite closely. And it will be interesting to see what it sold for. I'm going to log the 339,888 asking price here and then compare it to the actual "sold" price when it finally goes. I expect it to be less than the asking price due to the location and the fact that in this "soft market"
I almost feel like making a lowball cash offer over the phone with a ton of contingencies (just so I can assuredly back out) to see what the "market" will actually bear. I won't actually do that as it wouldn't be cool as it looks like the person is already losing out but I'll be watching this one very closely.
Thanks for finding a true needle in the haystack.
just a little harder club swing west to Stone Ave. I actually just now tried to Zillow his address as I have done in the past...and it no longer seems to come up. Go figure.
here's another contribution...
http://redfin.com/stingray/do/printable ... -id=848813
bought 8/1/06 for $1.2mm
Put on the market yesterday for $975k.
ooh. ouch. $225k haircut in 10 months?
note from realtor: and that's an order
ok...something seems strange with this after a second look. I only glanced quickly the first time around.
why does the sales history state that it was sold 04/05 when it has been on redfin for longer than that?
Check out this ad, not a flip, but it went to STI and now it is back on the market! So why use STI as a gauge of positive housing activity?
http://www.redfin.com/stingray/do/print ... -id=825616
http://www.redfin.com/stingray/do/print ... -id=857802