The only comp on that street I found in 5 minutes of research was for about that price but it was in June so it sold probably in March, it was a different world then. There is one on that street at the end of the cul de sac for a mil but it has a pool sized lot (no pics on redfin so maybe it has a pool) that this repo lacks and it is nearing the 50 d.o.m. mark., That zip code has only 30 nots and 56 nods, hardly the number I would think 4-s would be at by now, maybe we are wrong, maybe all the 4-s buyers were move ups with lots of cash down and conventional financing, I just don’t believe it but I am wrong a lot. Lets give it three months and see how it holds up since the jumbo was placed on the endangered species list, I’m guessing it’s gonna take a hit. I like what the others have said, 700k range, this is by no means the average house or the average neighborhood, it’s never going to 400k, even in a crash this is not blue collar housing or first time buyer housing so it will not settle in blue collar or first time buyer territory.
