[quote=flu][quote=AN]That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.[/quote]
It’s a 4 bedroom. I think location is decent too, no?[/quote]
Yes, the area is decent. I’m aware that it’s a 4/2. I was just trying to say that I don’t think I’ve even seen a 3/2 selling for less than $300k, so a 4/2 for less than $300k is one of a kind deal right now. 4/2 (1300-1400sq-ft) w/in this area goes for $370-410k right now, depending on condition. I wish I could have been part of this deal, if there’s no major repair needed. But as Andy points out, it closes quite quickly, so it probably was a cash deal.
