115k loss in Scripps Ranch

[bubble_contagion]

Asianautica: That is so true. Like when sometimes you get in sync with the traffic lights and get all the greens and sometimes all the reds. At least none of us were born before WWII and had to fight a large war.

[bubble_contagion]

Asianautica: That is so true. Like when sometimes you get in sync with the traffic lights and get all the greens and sometimes all the reds. At least none of us were born before WWII and had to fight a large war.

[DaCounselor]

“What about 11294,11246 etc?”
________________________

11246 closed on 5/29 for $703.5K. It is a smaller house than 11238. I didn’t see any other sale between it’s ’98 construction and this sale – if that is true and the seller was the original owner, they really cleaned up with this investment. Anyone know what these places were selling for in ’98?

[DaCounselor]

“What about 11294,11246 etc?”
________________________

11246 closed on 5/29 for $703.5K. It is a smaller house than 11238. I didn’t see any other sale between it’s ’98 construction and this sale – if that is true and the seller was the original owner, they really cleaned up with this investment. Anyone know what these places were selling for in ’98?

[SD Realtor]

Hi Counselor –

The home that closed for 703.5k was originally sold for (drum roll please) 285k back on 9/20/99. Yeah I would say that the seller did okay. Looks like he pulled out some cash along the way but it seems he still did okay.

SD Realtor

[SD Realtor]

Hi Counselor –

The home that closed for 703.5k was originally sold for (drum roll please) 285k back on 9/20/99. Yeah I would say that the seller did okay. Looks like he pulled out some cash along the way but it seems he still did okay.

SD Realtor

[what_a_disasta]

what about 11294 on the same street?

[what_a_disasta]

what about 11294 on the same street?

[what_a_disasta]

and 11224, they are the same ugly 2k ish 4 bedroom model I think.

[what_a_disasta]

and 11224, they are the same ugly 2k ish 4 bedroom model I think.

[DaCounselor]

“what about 11294 on the same street?”
_______________________

sale is pending.

don’t worry, w-a-d, we will eventually find a property in this neighborhood that sells for less than the previous purchase price. the prior two properties you referenced, however, are excellent examples of people making a killing in the RE market…

[DaCounselor]

“what about 11294 on the same street?”
_______________________

sale is pending.

don’t worry, w-a-d, we will eventually find a property in this neighborhood that sells for less than the previous purchase price. the prior two properties you referenced, however, are excellent examples of people making a killing in the RE market…

[DaCounselor]

“The home that closed for 703.5k was originally sold for (drum roll please) 285k back on 9/20/99. Yeah I would say that the seller did okay. Looks like he pulled out some cash along the way but it seems he still did okay.”
___________________________

Nice pull on the purchase price SDR. Helocs/refi’s aside and playing the assumption game, with 10% down in ’99, the owners turned a $28.5K investment into about $400K in less than 8 years. Tax free if it’s a couple. Nice. Imagine if they would have opted to buy into and ride the tech stock craze instead…

[DaCounselor]

“The home that closed for 703.5k was originally sold for (drum roll please) 285k back on 9/20/99. Yeah I would say that the seller did okay. Looks like he pulled out some cash along the way but it seems he still did okay.”
___________________________

Nice pull on the purchase price SDR. Helocs/refi’s aside and playing the assumption game, with 10% down in ’99, the owners turned a $28.5K investment into about $400K in less than 8 years. Tax free if it’s a couple. Nice. Imagine if they would have opted to buy into and ride the tech stock craze instead…

[SD Realtor]

11294 is a short sale so the sellers will get hammered. They purchased for 750k at the top of the market.

11224 purchased for 305k in 1999.

SD Realtor

[Author]

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