Okay, I just joined Redfin and looked at sdduuuude’s two-year old “short-sale” listing in PHX and have a few comments.

– yes, it is very well-appointed for the $325K sold price;

– it is a two story, not a sprawling ranch;

– the pool appears to be very nicely appointed;

– there are block walls around the subdivision (HOA present?);

– the location appears to be fairly central;

– two years is eons ago in the PHX RE market;

– it very well could have been an all-cash sale;

– I agree that whoever bought it as a SS probably had to make repairs and some improvements and wouldn’t know how much they spent to do this; and

– I agree that it could likely be worth $450K today or maybe more.

*****

This post later edited to show link to likely value today, below:

http://www.redfin.com/what-is-your-home-worth?estPropertyId=28112471&src=ldp-estimates