Good catch, EconE - you come up with fun stuff all the time. County records show a trustee sale unless the owner pays up $60K by Nov. 19. Funniest: owner is a Realtor in south Orange County! ("#1 Team for Prudential in South Orange County" says his website). The Coto de Caza address on the Notice of Trustee Sale tracks to a property owing $4800 in delinquent Orange County property tax. Hope he gets out of this OK.
Not a big profiteer in this Lake Union view condo...but what is interesting is that the person bought it in 11/04 for 410k and it has never been lived in. I wonder if there was a 3 year pre payment penalty on his loan?
One thing I did notice over the last month or so was the small army of obviously immigrant labor that turned the place over in less than 2 months.
Very unscientific observation with a couple variables... The flier box on this place has never been empty. Either the agent is always on top of the supply or nobody is taking them.
Someone has decided they REALLY want to sell after not being too serious about it for the past year. This property was foreclosed on from the previous owner.
8516 5th Ave NE
Seattle, WA 98115
Originally listed at $579K
Now asking $485K
This place sat on the market for months in the $550K+ range and the owner, who happens to own several flips in the area, was content to let it sit and appreciate. For some reason he seems to have had a change of heart this fall.
This property has 1 really big negative: It is right next to a gas station. My
I saw this listing what must have been about 5 months before it sold in the spring of 2006. Seemed underpriced for the neighborhood, classic lines - for around $600k in the heart of Madrona, and it had been on the market forever. Figured something was amiss, but it seemed like a deal so I went and looked at it.
After being in the place for about 2 minutes - both my agent and I looked at each other, and said "does this place feel crooked to you?". Seriously, you could put a pen on the floor and roll it across the building, just from the list. It must have been 4 or 5 inches out of level in the space of less than 20 feet. And it was built of brick, so there was no way you could jack it up to level it out. Too heavy, and you'd destroy the masonry if you tried. You either were gonna live with it or tear it down!
Now I see some absolute genius level flip-tard has bought the thing and jacked the price up $300 grand! I'll bet a hundred bucks the building is still crooked. $900 grand for a funhouse. I'll be watching this one!
One thing I did notice over the last month or so was the small army of obviously immigrant labor that turned the place over in less than 2 months.
Very unscientific observation with a couple variables... The flier box on this place has never been empty. Either the agent is always on top of the supply or nobody is taking them.
I'd lay money that it's pre-foreclosure. "as is, no warranty". they want a fast sale with a quick escrow.
Out of curiousity, I checked and it appears to be bank owned. Previous owner that paid $560K last year lost a lawsuit judging from all of the leins on file and I'd guess that is why he was facing foreclosure.
I'm surprised the ad doesn't mention that it is REO.
Sale Date 4/11/2007 Seller Name
NORTHWEST TRUSTEE SERVICES INC
Buyer Name
US BANK NATIONAL ASSOCIATION
Kind of makes you wonder why they'd sit on it since april and list it in November.
On the market for $825,000, or $412/square foot, which is off the chart for Ballard homes. It will be interesting to see what happens with this one.
56 days in and price now at $785,000. I'm guessing it's got another $135,000 at least to fall.
105 days in and down another 50 grand to $735,000. I still predict no sale till it's in the mid 6's, or a bit lower if it takes too long to get there. Carrying cost on this can't be too fun.
Sited proudly on a Bryant crest this lovingly restored craftsman welcomes you into a beautiful open & spacious main flr. Rich dark hrdwds, formidable white trimmings, stunning epicurean kit, incredible slate frplc view windows across the back & lrg deck. Grand stair case leads to getaway private mstr suite, Mt R view balcony, 2nd bdrm & full bth. Garden daylite lvl tiled thruout laundry rm, 2 bdrms, full bth & lrg media rm. Access to patio & lrg flat back yard. Owner is a lic. Real Estate Agent.
Bought 10/25/06 for 461K.
Asking $869,950.
I hope that lic. Real Estate Agent chokes on her hubris.
It's not the roof thats sheik. it's the whole friggin house! It's a chic sheik.
Completely re-done Ballard Northwest Bungalow. Absolutely gorgeous with newly finished oak floors, Travertine Bath and 2nd full bath in all tile. Mocha tile in kitchen with new cabinets, granite counters and stainless appliances. Media/family room with surround sound, den/office with french doors, huge party deck looking to the view of the Space needle and Mt. Rainier. New Furnace, wiring, plumbing, roof totally sheik and Awesome!!! Single garage and a great yard as well. A true 10
what an idiot.
"what I did for my six percent commission":
- Wrote a totally awesome description of the house. punctuation was optional.
- made up a new home style - "northwest bungalow". Really means a post-war sh!tbox, but who really cares?
- took a really long telephoto shot of the view. hope no one notices the digital zoom
- waited!
Comments
This house was bought for $959,950 and now is listed @ 925,000.
http://redfin.com/stingray/do/printable ... id=1177479
This house just saw its first price reduction. It has been reduced to $554,950.
Sold on 9/11/07 for $1,045,000?
http://www.redfin.com/stingray/do/print ... id=1028313
:roll:
Date Price
03/14/2007 $825,000
12/14/2006 $640,000
08/31/2005 $495,000
05/31/2001 $83,000
06/02/1989 $115,000
--
Now asking $899,000. Busy street. Crappy lot. Tax assessed at 300K.
Jeez.
The only way this doesn't point to mental retardation on the part of the current owner is that they were given a huge chunk of change under the table.
8516 5th Ave NE
Seattle, WA 98115
Originally listed at $579K
Now asking $485K
This place sat on the market for months in the $550K+ range and the owner, who happens to own several flips in the area, was content to let it sit and appreciate. For some reason he seems to have had a change of heart this fall.
This property has 1 really big negative: It is right next to a gas station. My
http://www.redfin.com/stingray/do/print ... id=1071987
Bought 10/2006 for $585k
Came on the market this month (1 year later) for $899k
$314k price bump in 12 months.
3409 E Denny Way
Seattle, WA 98122
http://redfin.com/stingray/do/printable ... id=1185779
I saw this listing what must have been about 5 months before it sold in the spring of 2006. Seemed underpriced for the neighborhood, classic lines - for around $600k in the heart of Madrona, and it had been on the market forever. Figured something was amiss, but it seemed like a deal so I went and looked at it.
After being in the place for about 2 minutes - both my agent and I looked at each other, and said "does this place feel crooked to you?". Seriously, you could put a pen on the floor and roll it across the building, just from the list. It must have been 4 or 5 inches out of level in the space of less than 20 feet. And it was built of brick, so there was no way you could jack it up to level it out. Too heavy, and you'd destroy the masonry if you tried. You either were gonna live with it or tear it down!
Now I see some absolute genius level flip-tard has bought the thing and jacked the price up $300 grand! I'll bet a hundred bucks the building is still crooked. $900 grand for a funhouse. I'll be watching this one!
Price: $479,950
602 NW 87th St
Seattle, WA 98117
Sales History
Date Price Appreciation
04/12/2007 $494,481 -9.9%/yr
01/31/2006 $560,000 105.1%/yr
05/17/2005 $336,500 9.0%/yr
http://www.redfin.com/stingray/do/print ... id=1260459
I'd lay money that it's pre-foreclosure. "as is, no warranty". they want a fast sale with a quick escrow.
Does that mean they didn't get the permits to do the work?
Down to $545,000.00, a $24k hit so far!
Out of curiousity, I checked and it appears to be bank owned. Previous owner that paid $560K last year lost a lawsuit judging from all of the leins on file and I'd guess that is why he was facing foreclosure.
I'm surprised the ad doesn't mention that it is REO.
Sale Date 4/11/2007 Seller Name
NORTHWEST TRUSTEE SERVICES INC
Buyer Name
US BANK NATIONAL ASSOCIATION
Kind of makes you wonder why they'd sit on it since april and list it in November.
Listed for sale again 22 days later at $140K higher price!
What kind of changes could be made in 3 weeks that would add $140K value?
http://www.redfin.com/stingray/do/print ... id=1126527
3001 109 Ave SE
Bellevue, WA 98004
MLS: 27183582
Price: $785,000
Last sold 03/16/2007: $630,000
No improvements made, but it does come with plans and permits. That's gotta be worth $155,000 doesn't it?
105 days in and down another 50 grand to $735,000. I still predict no sale till it's in the mid 6's, or a bit lower if it takes too long to get there. Carrying cost on this can't be too fun.
Selling price: $719,000
Improvements: already out of style
http://redfin.com/stingray/do/printable ... id=1284288
No doubt. Kind of makes me want to just buy land instead someday and live "Sean Penn Style" in an Airstream trailer.
Sited proudly on a Bryant crest this lovingly restored craftsman welcomes you into a beautiful open & spacious main flr. Rich dark hrdwds, formidable white trimmings, stunning epicurean kit, incredible slate frplc view windows across the back & lrg deck. Grand stair case leads to getaway private mstr suite, Mt R view balcony, 2nd bdrm & full bth. Garden daylite lvl tiled thruout laundry rm, 2 bdrms, full bth & lrg media rm. Access to patio & lrg flat back yard. Owner is a lic. Real Estate Agent.
Bought 10/25/06 for 461K.
Asking $869,950.
I hope that lic. Real Estate Agent chokes on her hubris.
WTH? :roll: Is it safe?
I can't tell if they spent too much or not enough time with a thesaurus.
the only thing not abbreviated is the price.
Keep checking back.....
http://www.redfin.com/stingray/do/print ... id=1257826
Bought 05/18/2007 for $400,000
Now on market for $629,000 (a 57% increase)
At $409 per square foot this is now priced about 30% above the average in the area.
Worth 229K, easy.
It's a simple formula. But the variables are changing.
what an idiot.
"what I did for my six percent commission":
- Wrote a totally awesome description of the house. punctuation was optional. - made up a new home style - "northwest bungalow". Really means a post-war sh!tbox, but who really cares? - took a really long telephoto shot of the view. hope no one notices the digital zoom - waited!