Can anyone on the inside give me some more info on a particular house I saw on Zip Realty. It dropped in price every couple months – this went on for awhile. It was last listed as a bank owned at $490k. Now it’s off Zip’s MLS list. I’m curious if it sold and what it went for. Zillow shows the last sale in late 05 for $585.
It just closed on June 1, 2007 at $490,000. That broker (Katie Taylor) sells a lot of the foreclosure properties.
There’s another foreclosure property for sale on that street that’s 400 SqFt larger, listed by a different broker for $550,000. My guess is that property will probably go for a skosh less because of what happened to the above sale.
Both of these properties sold for about $100,000 more in 2005, so these are some pretty significant losses.
It just closed on June 1, 2007 at $490,000. That broker (Katie Taylor) sells a lot of the foreclosure properties.
There’s another foreclosure property for sale on that street that’s 400 SqFt larger, listed by a different broker for $550,000. My guess is that property will probably go for a skosh less because of what happened to the above sale.
Both of these properties sold for about $100,000 more in 2005, so these are some pretty significant losses.
That’s interesting, a foreclosure (in a nice neighborhood) selling at the list price, no higher.
I’ve heard a lot of talk lately about foreclosures selling above the list price – this figure is just an attractive number to get people in the door and into a “bidding frenzy”. Obviously no bidding war here.
Yeah, that’s a big drop – especially for a nice north coastal town.
Of coures Zillow’s estimate for this home is $597k – over $100k higher than the recent purchase price.
That’s interesting, a foreclosure (in a nice neighborhood) selling at the list price, no higher.
I’ve heard a lot of talk lately about foreclosures selling above the list price – this figure is just an attractive number to get people in the door and into a “bidding frenzy”. Obviously no bidding war here.
Yeah, that’s a big drop – especially for a nice north coastal town.
Of coures Zillow’s estimate for this home is $597k – over $100k higher than the recent purchase price.
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