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  • September 13, 2009 at 2:34 PM #16335
    propertysearchaddiction
    Participant

    The newest comp killer in SEH is 880 Orion Way.
    3600 sq ft home with a 3 car garage and casita sold for $460,000
    It was missing the stove, and the landscaping was fried.
    Note:these homes have a $500 MR fee so I expected the pain train would be rough up there. That is a clear 10% -15% discount on comps that have the same insane MR.

    http://www.sdlookup.com/MLS-090031638-880_Orion_San_Marcos_CA_92078

    September 13, 2009 at 3:09 PM #456107
    jpinpb
    Participant

    WOW! PPSF: $128

    That is a comp killer!

    September 13, 2009 at 3:09 PM #456901
    jpinpb
    Participant

    WOW! PPSF: $128

    That is a comp killer!

    September 13, 2009 at 3:09 PM #456712
    jpinpb
    Participant

    WOW! PPSF: $128

    That is a comp killer!

    September 13, 2009 at 3:09 PM #456639
    jpinpb
    Participant

    WOW! PPSF: $128

    That is a comp killer!

    September 13, 2009 at 3:09 PM #456300
    jpinpb
    Participant

    WOW! PPSF: $128

    That is a comp killer!

    September 13, 2009 at 3:21 PM #456717
    patientrenter
    Participant

    [quote=jpinpb]WOW! PPSF: $128

    That is a comp killer![/quote]

    Isn’t there some question as to what sales are included in appraisals? I thought there was some effort in some quarters to ignore the types of sales that produce very low numbers. Maybe I am just paranoid.

    September 13, 2009 at 3:21 PM #456906
    patientrenter
    Participant

    [quote=jpinpb]WOW! PPSF: $128

    That is a comp killer![/quote]

    Isn’t there some question as to what sales are included in appraisals? I thought there was some effort in some quarters to ignore the types of sales that produce very low numbers. Maybe I am just paranoid.

    September 13, 2009 at 3:21 PM #456644
    patientrenter
    Participant

    [quote=jpinpb]WOW! PPSF: $128

    That is a comp killer![/quote]

    Isn’t there some question as to what sales are included in appraisals? I thought there was some effort in some quarters to ignore the types of sales that produce very low numbers. Maybe I am just paranoid.

    September 13, 2009 at 3:21 PM #456305
    patientrenter
    Participant

    [quote=jpinpb]WOW! PPSF: $128

    That is a comp killer![/quote]

    Isn’t there some question as to what sales are included in appraisals? I thought there was some effort in some quarters to ignore the types of sales that produce very low numbers. Maybe I am just paranoid.

    September 13, 2009 at 3:21 PM #456112
    patientrenter
    Participant

    [quote=jpinpb]WOW! PPSF: $128

    That is a comp killer![/quote]

    Isn’t there some question as to what sales are included in appraisals? I thought there was some effort in some quarters to ignore the types of sales that produce very low numbers. Maybe I am just paranoid.

    September 13, 2009 at 6:17 PM #456147
    propertysearchaddiction
    Participant

    I was wondering the same thing. This home’s quality was similar to the other 6-9 foreclosures that will be coming through the pipeline on the same street, if not better.
    I walked through this house and it was in great shape except for the yard being fried and the stove gone. For a foreclosure it looked fine.
    I called the realtor because it came on the market in May and didn’t sell till now. It was a cash deal. She said the first offer fell through. It seems a little suspect that 30 people wouldn’t have made offers over the summer and bid the price up????

    September 13, 2009 at 6:17 PM #456340
    propertysearchaddiction
    Participant

    I was wondering the same thing. This home’s quality was similar to the other 6-9 foreclosures that will be coming through the pipeline on the same street, if not better.
    I walked through this house and it was in great shape except for the yard being fried and the stove gone. For a foreclosure it looked fine.
    I called the realtor because it came on the market in May and didn’t sell till now. It was a cash deal. She said the first offer fell through. It seems a little suspect that 30 people wouldn’t have made offers over the summer and bid the price up????

    September 13, 2009 at 6:17 PM #456943
    propertysearchaddiction
    Participant

    I was wondering the same thing. This home’s quality was similar to the other 6-9 foreclosures that will be coming through the pipeline on the same street, if not better.
    I walked through this house and it was in great shape except for the yard being fried and the stove gone. For a foreclosure it looked fine.
    I called the realtor because it came on the market in May and didn’t sell till now. It was a cash deal. She said the first offer fell through. It seems a little suspect that 30 people wouldn’t have made offers over the summer and bid the price up????

    September 13, 2009 at 6:17 PM #456751
    propertysearchaddiction
    Participant

    I was wondering the same thing. This home’s quality was similar to the other 6-9 foreclosures that will be coming through the pipeline on the same street, if not better.
    I walked through this house and it was in great shape except for the yard being fried and the stove gone. For a foreclosure it looked fine.
    I called the realtor because it came on the market in May and didn’t sell till now. It was a cash deal. She said the first offer fell through. It seems a little suspect that 30 people wouldn’t have made offers over the summer and bid the price up????

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