That lot sure is big enough for a pool in the backyard, and quite private w/that endless canyon behind you. But I think you’re right. If you like that area, it seems 800k would be a very good price. I am not in love w/the area or the house. Probably the people who bought it aren’t either, or they’d be living in it. Clearly they bought it for investment purposes only.
I just keep thinking if in 2006 it sold for nearly 1.5 mil, then picking it up for a mil was a good deal. But I agree w/you. It is amusing that someone actually believes they can flip it in today’s market for a quick 300k profit. Very bold. I’m just surprised and rather stunned. When I see that, I start questioning whether what I’m hearing about the market is accurate, if these kinds of transactions are still occurring. And if builders are selling for the same amount or less in that area, hard to compete w/builders. Builders are dealing and throwing in xtras and even willing to pay HOAs or buy-downs. Can’t justify 300k for some grass and trees, especially if you want a pool anyway.
