Home › Forums › Closed Forums › Properties or Areas › Is this a flipped house in RSF?
- This topic has 16 replies, 5 voices, and was last updated 17 years, 1 month ago by
raptorduck.
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October 17, 2007 at 8:31 AM #10647October 17, 2007 at 8:53 AM #89563
Pichon
ParticipantIt’s an attempt to flip. At 2.5m it was a good deal for the covenant. They painted the interior and replaced a staircase which was not up to code – and relisted for 3.7m! It is unlikely to deal anywhere near that price in the current market.
October 17, 2007 at 8:53 AM #89571ParticipantIt’s an attempt to flip. At 2.5m it was a good deal for the covenant. They painted the interior and replaced a staircase which was not up to code – and relisted for 3.7m! It is unlikely to deal anywhere near that price in the current market.
October 17, 2007 at 10:40 AM #89597raptorduck
ParticipantHow do I find things like this? Definately overpriced even ignoring the flip, b/c the lot is very odd.
October 17, 2007 at 10:40 AM #89605ParticipantHow do I find things like this? Definately overpriced even ignoring the flip, b/c the lot is very odd.
October 17, 2007 at 11:59 AM #89604Ex-SD
Participantraptorduck: I think you’re asking for this:
On SD Lookup, when you get to a property that you’re interested in…………. look at the top-left side of the page where it says: “View Sales History, Tax Assessment and Zoning”
Click on that and you’ll see the past sales history.Was that what you were asking?
October 17, 2007 at 11:59 AM #89613Participantraptorduck: I think you’re asking for this:
On SD Lookup, when you get to a property that you’re interested in…………. look at the top-left side of the page where it says: “View Sales History, Tax Assessment and Zoning”
Click on that and you’ll see the past sales history.Was that what you were asking?
October 17, 2007 at 12:22 PM #89643ParticipantNo I saw that. I am just wondering how I would have found this house for $2.5 million in June. I was looking back then and would have noticed this one. A flipper bought it, so maybe it was from a bank or off MLS listing?
October 17, 2007 at 12:22 PM #89635ParticipantNo I saw that. I am just wondering how I would have found this house for $2.5 million in June. I was looking back then and would have noticed this one. A flipper bought it, so maybe it was from a bank or off MLS listing?
October 17, 2007 at 2:47 PM #89670Participanthi raptor – no it was listed on the mls for quite a while – originally on 5/25/06. Started ~3.5m and chased the mkt down. I think the last listing was 2.75-2.95. Perhaps the owners just got tired of waiting and dealt. I viewed it in April. Based on your prior posts, I don’t think it is what you are looking for anyway. But there’s always another house out there and the next one may look like an even better deal than anything you have seen so far. good luck.
October 17, 2007 at 2:47 PM #89679Participanthi raptor – no it was listed on the mls for quite a while – originally on 5/25/06. Started ~3.5m and chased the mkt down. I think the last listing was 2.75-2.95. Perhaps the owners just got tired of waiting and dealt. I viewed it in April. Based on your prior posts, I don’t think it is what you are looking for anyway. But there’s always another house out there and the next one may look like an even better deal than anything you have seen so far. good luck.
October 18, 2007 at 7:46 AM #89848NotCranky
ParticipantHello Raptorduck.
It just occurs to me whether relevant or not to advise you to protect properties that you are interested in a ltttle more. I am going to swallow my pride and say that you are looking at “special” houses (sdrealtor knows what I mean).We have all seen you work very hard to locate soemthing right for you. Don’t give it away.
There is an open house for the home featured in this thread this Sunday from 1-4. Don’t get the idea that the price for this house or any house is set in stone. You seem to be saying you would have snapped it up at 2.5m if you knew about. It might go for something close to that. You never know. If you don’t have reason to wipe it off your list, watch it. If you are fairly interested, be ready to act if the price gets near where you want it or just write a 2.5M offer.I know this is improbable. From the other posts it sounds like a little more assertiveness by you and your agent wouldn’t hurt you.That is all I am trying to say. This obviously goes for all properties. Just a reminder, we are in a falling market,this is a flipper(whether they planned it or not) and flippers and everyone else, tend to be dropping prices, your 200k increase example not withstanding
October 18, 2007 at 7:46 AM #89857ParticipantHello Raptorduck.
It just occurs to me whether relevant or not to advise you to protect properties that you are interested in a ltttle more. I am going to swallow my pride and say that you are looking at “special” houses (sdrealtor knows what I mean).We have all seen you work very hard to locate soemthing right for you. Don’t give it away.
There is an open house for the home featured in this thread this Sunday from 1-4. Don’t get the idea that the price for this house or any house is set in stone. You seem to be saying you would have snapped it up at 2.5m if you knew about. It might go for something close to that. You never know. If you don’t have reason to wipe it off your list, watch it. If you are fairly interested, be ready to act if the price gets near where you want it or just write a 2.5M offer.I know this is improbable. From the other posts it sounds like a little more assertiveness by you and your agent wouldn’t hurt you.That is all I am trying to say. This obviously goes for all properties. Just a reminder, we are in a falling market,this is a flipper(whether they planned it or not) and flippers and everyone else, tend to be dropping prices, your 200k increase example not withstanding
October 18, 2007 at 7:53 AM #89853SD Realtor
ParticipantRustico that is a pretty darn good point…
Raptor keep your cards on the table a bit more. I don’t mean to sound paranoid but there are plenty of people who participate in the board here and plenty more who do not but like it or not there are potential buyers out there in each lot who are looking for good deals. You may want to be a bit more vague when describing the home you are interested if you REALLY like it.
SD Realtor
October 18, 2007 at 7:53 AM #89861ParticipantRustico that is a pretty darn good point…
Raptor keep your cards on the table a bit more. I don’t mean to sound paranoid but there are plenty of people who participate in the board here and plenty more who do not but like it or not there are potential buyers out there in each lot who are looking for good deals. You may want to be a bit more vague when describing the home you are interested if you REALLY like it.
SD Realtor
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