Is this a flipped house in RSF?

[raptorduck]

The content of this post has been deleted at the request of the original poster.

[Pichon]

It’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.

[raptorduck]

How do I find things like this? Definately overpriced even ignoring the flip, b/c the lot is very odd.

[Ex-SD]

raptorduck: 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?

[raptorduck]

No 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?

[Pichon]

hi 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.

[NotCranky]

Hello 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

[SD Realtor]

Rustico 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

[raptorduck]

Good advice. Thank you. BTW. The houses I have “really” liked, I have been vague about. Others, not so much I realize.

[raptorduck]

Good advice. Thank you. BTW. The houses I have “really” liked, I have been vague about. Others, not so much I realize.

[SD Realtor]

Rustico 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

[NotCranky]

Hello 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

[Pichon]

hi 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.

[raptorduck]

No 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?

[Ex-SD]

raptorduck: 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?

[raptorduck]

How do I find things like this? Definately overpriced even ignoring the flip, b/c the lot is very odd.

[Pichon]

It’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.

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