Is this the new comp killer in 4S townhomes?

[pnilesh]

http://www.sdlookup.com/MLS-086015559-16911_Bixby_St_23_San_Diego_CA_92127

This piece appears to be cheap in 4S. Assuming that it is sold for $342,000, is it a new comp killer for 4S townhomes?

Could we expect Ravenna, San Moritz and Gianni prices to take a hit because of this?

I am not a guru in RE. So some insights will be helpful.

[paramount]

And it looks like it sold immediately, so I doubt it.

[paramount]

And it looks like it sold immediately, so I doubt it.

[paramount]

And it looks like it sold immediately, so I doubt it.

[paramount]

And it looks like it sold immediately, so I doubt it.

[paramount]

And it looks like it sold immediately, so I doubt it.

[temeculaguy]

If it sold then it is a comp killer, any comp for more than 342k will have issues getting financing, try to buy one for 400k even with 20% down and the lender may balk. Get a few more like it and good luck with that refi. Repo prices back to the bank don’t set as important of comps as mls listings that sell on the open market and it also gives reo’s that are forthcoming a starting point as it will be the most recent comp. Hopefully Bugs will chime in as to the importance of downward trend setting sales.

[temeculaguy]

If it sold then it is a comp killer, any comp for more than 342k will have issues getting financing, try to buy one for 400k even with 20% down and the lender may balk. Get a few more like it and good luck with that refi. Repo prices back to the bank don’t set as important of comps as mls listings that sell on the open market and it also gives reo’s that are forthcoming a starting point as it will be the most recent comp. Hopefully Bugs will chime in as to the importance of downward trend setting sales.

[temeculaguy]

If it sold then it is a comp killer, any comp for more than 342k will have issues getting financing, try to buy one for 400k even with 20% down and the lender may balk. Get a few more like it and good luck with that refi. Repo prices back to the bank don’t set as important of comps as mls listings that sell on the open market and it also gives reo’s that are forthcoming a starting point as it will be the most recent comp. Hopefully Bugs will chime in as to the importance of downward trend setting sales.

[temeculaguy]

If it sold then it is a comp killer, any comp for more than 342k will have issues getting financing, try to buy one for 400k even with 20% down and the lender may balk. Get a few more like it and good luck with that refi. Repo prices back to the bank don’t set as important of comps as mls listings that sell on the open market and it also gives reo’s that are forthcoming a starting point as it will be the most recent comp. Hopefully Bugs will chime in as to the importance of downward trend setting sales.

[temeculaguy]

If it sold then it is a comp killer, any comp for more than 342k will have issues getting financing, try to buy one for 400k even with 20% down and the lender may balk. Get a few more like it and good luck with that refi. Repo prices back to the bank don’t set as important of comps as mls listings that sell on the open market and it also gives reo’s that are forthcoming a starting point as it will be the most recent comp. Hopefully Bugs will chime in as to the importance of downward trend setting sales.

[jpinpb]

SDR – You’re the go-to guy here. This sold quick. Never seen a bank owned REO go that fast. They must have had offers in the works before it got listed in the MLS or something.
For some reason I thought REOs count as comps. It should b/c there will be many. It would set some trend. Can’t ignore the fact that the home isn’t holding value. W/banks being on the hook, seems now w/tightening of credit, full docs, down payment, they’ll want to make sure all i’s are dotted and t’s are crossed and appraised values hold up. No?
Couple more at this price, tempting that even I would consider actually buying there w/MR and HOAs and all.

[jpinpb]

SDR – You’re the go-to guy here. This sold quick. Never seen a bank owned REO go that fast. They must have had offers in the works before it got listed in the MLS or something.
For some reason I thought REOs count as comps. It should b/c there will be many. It would set some trend. Can’t ignore the fact that the home isn’t holding value. W/banks being on the hook, seems now w/tightening of credit, full docs, down payment, they’ll want to make sure all i’s are dotted and t’s are crossed and appraised values hold up. No?
Couple more at this price, tempting that even I would consider actually buying there w/MR and HOAs and all.

[jpinpb]

SDR – You’re the go-to guy here. This sold quick. Never seen a bank owned REO go that fast. They must have had offers in the works before it got listed in the MLS or something.
For some reason I thought REOs count as comps. It should b/c there will be many. It would set some trend. Can’t ignore the fact that the home isn’t holding value. W/banks being on the hook, seems now w/tightening of credit, full docs, down payment, they’ll want to make sure all i’s are dotted and t’s are crossed and appraised values hold up. No?
Couple more at this price, tempting that even I would consider actually buying there w/MR and HOAs and all.

[jpinpb]

SDR – You’re the go-to guy here. This sold quick. Never seen a bank owned REO go that fast. They must have had offers in the works before it got listed in the MLS or something.
For some reason I thought REOs count as comps. It should b/c there will be many. It would set some trend. Can’t ignore the fact that the home isn’t holding value. W/banks being on the hook, seems now w/tightening of credit, full docs, down payment, they’ll want to make sure all i’s are dotted and t’s are crossed and appraised values hold up. No?
Couple more at this price, tempting that even I would consider actually buying there w/MR and HOAs and all.

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