Home › Forums › Closed Forums › Properties or Areas › Auction in 92116
- This topic has 40 replies, 5 voices, and was last updated 17 years ago by NotCranky.
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December 7, 2007 at 11:41 AM #111620December 7, 2007 at 2:52 PM #111796Mark HolmesParticipant
Yeah, I’m familiar with that one. I live right around the corner. It’s a flip. The elderly woman who used to live there died this past summer, went up for sale within weeks. Whoever bought it spent maybe a couple months fixing it up, added a deck out front, re-did the floors, put on a coat of paint. Nothing else done as far as I can see. And if I recall correctly from Zillow, the flippers paid 365K for it. Crazy, considering the market and the tiny size of the house – it has no yard at all, about three feet of grass all around the back and sits on a corner. The interior is also laid out like a maze, where you have to walk through rooms to get to others. Very strange. I have a hard time imagining they can get even their minimum bid. There are four houses in better shape within blocks of it that could be had for 350K or less. And honestly, having lived in the neighborhood for seven years, nothing in this neighborhood (except for the rare custom on a canyon) should be over 250K. I would think that this little house will be worth maybe 150K by 2011, if not sooner. Although, I must admit, I love the neighborhood, except for the weekly police helicopters with the megaphones…
December 7, 2007 at 2:52 PM #111768Mark HolmesParticipantYeah, I’m familiar with that one. I live right around the corner. It’s a flip. The elderly woman who used to live there died this past summer, went up for sale within weeks. Whoever bought it spent maybe a couple months fixing it up, added a deck out front, re-did the floors, put on a coat of paint. Nothing else done as far as I can see. And if I recall correctly from Zillow, the flippers paid 365K for it. Crazy, considering the market and the tiny size of the house – it has no yard at all, about three feet of grass all around the back and sits on a corner. The interior is also laid out like a maze, where you have to walk through rooms to get to others. Very strange. I have a hard time imagining they can get even their minimum bid. There are four houses in better shape within blocks of it that could be had for 350K or less. And honestly, having lived in the neighborhood for seven years, nothing in this neighborhood (except for the rare custom on a canyon) should be over 250K. I would think that this little house will be worth maybe 150K by 2011, if not sooner. Although, I must admit, I love the neighborhood, except for the weekly police helicopters with the megaphones…
December 7, 2007 at 2:52 PM #111757Mark HolmesParticipantYeah, I’m familiar with that one. I live right around the corner. It’s a flip. The elderly woman who used to live there died this past summer, went up for sale within weeks. Whoever bought it spent maybe a couple months fixing it up, added a deck out front, re-did the floors, put on a coat of paint. Nothing else done as far as I can see. And if I recall correctly from Zillow, the flippers paid 365K for it. Crazy, considering the market and the tiny size of the house – it has no yard at all, about three feet of grass all around the back and sits on a corner. The interior is also laid out like a maze, where you have to walk through rooms to get to others. Very strange. I have a hard time imagining they can get even their minimum bid. There are four houses in better shape within blocks of it that could be had for 350K or less. And honestly, having lived in the neighborhood for seven years, nothing in this neighborhood (except for the rare custom on a canyon) should be over 250K. I would think that this little house will be worth maybe 150K by 2011, if not sooner. Although, I must admit, I love the neighborhood, except for the weekly police helicopters with the megaphones…
December 7, 2007 at 2:52 PM #111714Mark HolmesParticipantYeah, I’m familiar with that one. I live right around the corner. It’s a flip. The elderly woman who used to live there died this past summer, went up for sale within weeks. Whoever bought it spent maybe a couple months fixing it up, added a deck out front, re-did the floors, put on a coat of paint. Nothing else done as far as I can see. And if I recall correctly from Zillow, the flippers paid 365K for it. Crazy, considering the market and the tiny size of the house – it has no yard at all, about three feet of grass all around the back and sits on a corner. The interior is also laid out like a maze, where you have to walk through rooms to get to others. Very strange. I have a hard time imagining they can get even their minimum bid. There are four houses in better shape within blocks of it that could be had for 350K or less. And honestly, having lived in the neighborhood for seven years, nothing in this neighborhood (except for the rare custom on a canyon) should be over 250K. I would think that this little house will be worth maybe 150K by 2011, if not sooner. Although, I must admit, I love the neighborhood, except for the weekly police helicopters with the megaphones…
December 7, 2007 at 2:52 PM #111601Mark HolmesParticipantYeah, I’m familiar with that one. I live right around the corner. It’s a flip. The elderly woman who used to live there died this past summer, went up for sale within weeks. Whoever bought it spent maybe a couple months fixing it up, added a deck out front, re-did the floors, put on a coat of paint. Nothing else done as far as I can see. And if I recall correctly from Zillow, the flippers paid 365K for it. Crazy, considering the market and the tiny size of the house – it has no yard at all, about three feet of grass all around the back and sits on a corner. The interior is also laid out like a maze, where you have to walk through rooms to get to others. Very strange. I have a hard time imagining they can get even their minimum bid. There are four houses in better shape within blocks of it that could be had for 350K or less. And honestly, having lived in the neighborhood for seven years, nothing in this neighborhood (except for the rare custom on a canyon) should be over 250K. I would think that this little house will be worth maybe 150K by 2011, if not sooner. Although, I must admit, I love the neighborhood, except for the weekly police helicopters with the megaphones…
December 7, 2007 at 3:48 PM #111656RicechexParticipantI would be interested in a thread as you mentioned. Though, it would be nice if it could include 92104 too.
December 7, 2007 at 3:48 PM #111769RicechexParticipantI would be interested in a thread as you mentioned. Though, it would be nice if it could include 92104 too.
December 7, 2007 at 3:48 PM #111809RicechexParticipantI would be interested in a thread as you mentioned. Though, it would be nice if it could include 92104 too.
December 7, 2007 at 3:48 PM #111823RicechexParticipantI would be interested in a thread as you mentioned. Though, it would be nice if it could include 92104 too.
December 7, 2007 at 3:48 PM #111853RicechexParticipantI would be interested in a thread as you mentioned. Though, it would be nice if it could include 92104 too.
December 7, 2007 at 3:50 PM #111667Mark HolmesParticipantYep -See Zillow: 365K not two months ago…
http://www.zillow.com/HomeDetails.htm?zprop=16948301
And I love that Zillow values it at 492K
Zillow is quickly becoming useless… at valuation.
December 7, 2007 at 3:50 PM #111779Mark HolmesParticipantYep -See Zillow: 365K not two months ago…
http://www.zillow.com/HomeDetails.htm?zprop=16948301
And I love that Zillow values it at 492K
Zillow is quickly becoming useless… at valuation.
December 7, 2007 at 3:50 PM #111822Mark HolmesParticipantYep -See Zillow: 365K not two months ago…
http://www.zillow.com/HomeDetails.htm?zprop=16948301
And I love that Zillow values it at 492K
Zillow is quickly becoming useless… at valuation.
December 7, 2007 at 3:50 PM #111833Mark HolmesParticipantYep -See Zillow: 365K not two months ago…
http://www.zillow.com/HomeDetails.htm?zprop=16948301
And I love that Zillow values it at 492K
Zillow is quickly becoming useless… at valuation.
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