Home › Forums › Closed Forums › Properties or Areas › 13348 Shadetree Ct
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CA renter.
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February 8, 2008 at 5:19 PM #150453February 8, 2008 at 5:58 PM #150121
Navydoc
ParticipantI first noticed this property a month or two ago, and I think it will be a nice barometer of what the market will do over the next couple of months/years. I find it very amusing that someone thought they could turn a quick 200-300K profit on this flip. The thing is, I kind of like this place, and I would consider buying it in the 800’s. I think it has a real chance to get there as a REO. What will be interesting to see is what else will be available in a similar price range if the value falls to that level. Personally I want a pool.
February 8, 2008 at 5:58 PM #150378Navydoc
ParticipantI first noticed this property a month or two ago, and I think it will be a nice barometer of what the market will do over the next couple of months/years. I find it very amusing that someone thought they could turn a quick 200-300K profit on this flip. The thing is, I kind of like this place, and I would consider buying it in the 800’s. I think it has a real chance to get there as a REO. What will be interesting to see is what else will be available in a similar price range if the value falls to that level. Personally I want a pool.
February 8, 2008 at 5:58 PM #150392Navydoc
ParticipantI first noticed this property a month or two ago, and I think it will be a nice barometer of what the market will do over the next couple of months/years. I find it very amusing that someone thought they could turn a quick 200-300K profit on this flip. The thing is, I kind of like this place, and I would consider buying it in the 800’s. I think it has a real chance to get there as a REO. What will be interesting to see is what else will be available in a similar price range if the value falls to that level. Personally I want a pool.
February 8, 2008 at 5:58 PM #150406Navydoc
ParticipantI first noticed this property a month or two ago, and I think it will be a nice barometer of what the market will do over the next couple of months/years. I find it very amusing that someone thought they could turn a quick 200-300K profit on this flip. The thing is, I kind of like this place, and I would consider buying it in the 800’s. I think it has a real chance to get there as a REO. What will be interesting to see is what else will be available in a similar price range if the value falls to that level. Personally I want a pool.
February 8, 2008 at 5:58 PM #150479Navydoc
ParticipantI first noticed this property a month or two ago, and I think it will be a nice barometer of what the market will do over the next couple of months/years. I find it very amusing that someone thought they could turn a quick 200-300K profit on this flip. The thing is, I kind of like this place, and I would consider buying it in the 800’s. I think it has a real chance to get there as a REO. What will be interesting to see is what else will be available in a similar price range if the value falls to that level. Personally I want a pool.
February 8, 2008 at 7:21 PM #150140jpinpb
ParticipantThat 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.
February 8, 2008 at 7:21 PM #150398jpinpb
ParticipantThat 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.
February 8, 2008 at 7:21 PM #150412jpinpb
ParticipantThat 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.
February 8, 2008 at 7:21 PM #150426jpinpb
ParticipantThat 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.
February 8, 2008 at 7:21 PM #150499jpinpb
ParticipantThat 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.
February 8, 2008 at 7:41 PM #150155Navydoc
ParticipantYard is definitely big enough for the pool, but for 800 large I want somebody else to build it. Or I’ll offer 60K less for the house and then put it in myself.
February 8, 2008 at 7:41 PM #150414Navydoc
ParticipantYard is definitely big enough for the pool, but for 800 large I want somebody else to build it. Or I’ll offer 60K less for the house and then put it in myself.
February 8, 2008 at 7:41 PM #150427Navydoc
ParticipantYard is definitely big enough for the pool, but for 800 large I want somebody else to build it. Or I’ll offer 60K less for the house and then put it in myself.
February 8, 2008 at 7:41 PM #150441Navydoc
ParticipantYard is definitely big enough for the pool, but for 800 large I want somebody else to build it. Or I’ll offer 60K less for the house and then put it in myself.
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