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23109VC.
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October 11, 2007 at 2:52 PM #88185October 11, 2007 at 2:52 PM #88188
bsrsharma
Participant23… How does the price you paid compare with that (kaboom) link? Can you tell the price & area or price/sqft? Is your home in Temecula city limits?
October 11, 2007 at 3:09 PM #88191Tuba
Participant$64/Sqft Temecula Home
Houses like this will be the final nail in the coffin. Bank owned, wishing to unload. You can thank the selfish buyers for the final FU to the neighborhood by doing what they did.
$221,900
4 Bed, 4 Bath
3,468 Sq. Ft.
0.23 Acres
MLS ID# T071462622005: Paid $552,500
Bank selling for: $221,900
Based off the pictures and extra description, at the most $40k to bring it back to normal.October 11, 2007 at 3:09 PM #88187Participant$64/Sqft Temecula Home
Houses like this will be the final nail in the coffin. Bank owned, wishing to unload. You can thank the selfish buyers for the final FU to the neighborhood by doing what they did.
$221,900
4 Bed, 4 Bath
3,468 Sq. Ft.
0.23 Acres
MLS ID# T071462622005: Paid $552,500
Bank selling for: $221,900
Based off the pictures and extra description, at the most $40k to bring it back to normal.October 11, 2007 at 3:21 PM #88194snail
ParticipantYour link doesn’t have any Temecula homes; Right?
Right, its Murrieta and Lake Elsinore and Perris. However its close by, you could call it in Temecula neck of wood. Temecula still command a higher prices right now, but not for long…..
October 11, 2007 at 3:21 PM #88190ParticipantYour link doesn’t have any Temecula homes; Right?
Right, its Murrieta and Lake Elsinore and Perris. However its close by, you could call it in Temecula neck of wood. Temecula still command a higher prices right now, but not for long…..
October 11, 2007 at 3:25 PM #88195Participant2005: Paid $552,500
Bank selling for: $221,900
Based off the pictures and extra description, at the most $40k to bring it back to normal.Tuba are you handy? Lets flip this house!
Buy for $200,000
Budget $40,000 for fixing it
Sell for $500,000
Projected Profit of $260,000
Help! I am addicted to the show “FLIP THIS HOUSE” at TLC.October 11, 2007 at 3:25 PM #88199Participant2005: Paid $552,500
Bank selling for: $221,900
Based off the pictures and extra description, at the most $40k to bring it back to normal.Tuba are you handy? Lets flip this house!
Buy for $200,000
Budget $40,000 for fixing it
Sell for $500,000
Projected Profit of $260,000
Help! I am addicted to the show “FLIP THIS HOUSE” at TLC.October 11, 2007 at 3:40 PM #88203JWM in SD
ParticipantHoly shit, that is what…a mile or so from the 15 off Winchester??? Wow, that’s almost worth the commute….
October 11, 2007 at 3:40 PM #88206ParticipantHoly shit, that is what…a mile or so from the 15 off Winchester??? Wow, that’s almost worth the commute….
October 11, 2007 at 3:45 PM #88205ParticipantI do work in the construction industry. But, that is an excellent opportunity for someone who is handy and wants to get their foot in the door on home ownership and of course is willing to stay there for at least 10 years ;).
October 11, 2007 at 3:45 PM #88208ParticipantI do work in the construction industry. But, that is an excellent opportunity for someone who is handy and wants to get their foot in the door on home ownership and of course is willing to stay there for at least 10 years ;).
October 11, 2007 at 3:58 PM #88209waterboy
Participant“if this keeps up you will be able to buya Mcmansion in Temecula, and I mean a nice part of temecula, and a BIG 3000+ sq ft home with ALL the bells and whistles for 300k. easily. the house that WAS 750k will be 300-350k.”
Are we forgetting that $750k house was briefly and very temporarily pushed to that level because of many fraudulent and dumbass individuals. It’s funny to see some think they are getting the house for half off at $375k. IMO you are getting it for damn near what the normal market fundamentals should have it at. That is why so many will continue to buy over the next two years only to find out a year later that they caught a falling knife.
October 11, 2007 at 3:58 PM #88213Participant“if this keeps up you will be able to buya Mcmansion in Temecula, and I mean a nice part of temecula, and a BIG 3000+ sq ft home with ALL the bells and whistles for 300k. easily. the house that WAS 750k will be 300-350k.”
Are we forgetting that $750k house was briefly and very temporarily pushed to that level because of many fraudulent and dumbass individuals. It’s funny to see some think they are getting the house for half off at $375k. IMO you are getting it for damn near what the normal market fundamentals should have it at. That is why so many will continue to buy over the next two years only to find out a year later that they caught a falling knife.
October 11, 2007 at 4:07 PM #88210ParticipantWow! It was only built in 2005. How could they mess it up so badly in just 2 years? Houses like these should be good buy at 300K. Even at fix up cost of 40K, a profit of 40K remains.
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