[quote=sdrealtor]BG
In what twisted world could you try to take credit for anything but being so far wrong it is laughable. I said it easily sells for 950K and was a $1M home if they cared to sell 1027 Summer Holly which I said it was not even close to comparable to. Time to roll the tape again.
1031 Calle Anacapa just closed for $986K. BG says 1027 Summer Holly is comparable and sdr says its wasnt close. 1027 Summer Holly recently closed. Asking price was $875K and it only sold for $815K. Is a $161,000 price differential on two homes that closed within a couple weeks of each close to comparable. I’ll let you answer that one……[/quote]
sdr, your “tape” is tangled up. Unroll it and start over again.
Sold for $899K on 7/30/10 ($332 sf)
2706 sf with 16,117 sf lot
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I didn’t use 1028 Summer Holly for a comp to get my $875K sold price, sdr, AN did. I just brought up the 1028 Summer Holly sold comp in our discussion because there were no recent sales in the subject subdivision.
You’re confusing 1027 SH with 1028 SH. 1028 SH (used by AN to comp) is a far superior property to 1027 SH, as shown by its smaller sf and smaller lot to 1031 CA, yet it sold for $899K!1027 SH had not even sold at the time of AN’s “guesstimate” back on September 12 so how could he have used it?? Click on AN’s link he used for a “sold comp” and you will see where you are confused.
Sold for $875K on 10/29/10 for $815K ($263 sf)
3103 sf on 21,780 sf lot
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I stated both at the time of estimation AND tonight that I based my $875K sold guesstimate upon the very dated interior and the appearance of two large dogs living within it (without ever touring the property). Perhaps it was in better shape than I could surmise from the photos.
Regardless of how he arrived at it, AN’s “sold” estimate for 1031 Anacapa was the closest of the three of us.
I didn’t take credit for AN’s guesstimate. I simply provided a recent sold comp in an adjacent subdivison, which he used (because there WERE NO OTHERS). It’s actually a good comp (smaller but in far better shape). You adamantly stated that that particular subdivision was not a comp to 1031 CA. When there are no other recent sold comps to refer to, it is and I would bet that the appraiser on 1031 CA used it (taking into account the difference in condition and square footage)!