Monday, August 28, 2006

Notable Listings

I come across some interesting listings from time to time and figured I'd share them with you folks. Look for more "Notable Listings" articles soon!

Here's a listing I came across when looking over some REO/short sale/pre-foreclosure properties over the weekend. It appears smart money management is a thing of the past.

8/29/01 - Purchase @ $354,000
7/30/04 - Refi @ $550,800
11/30/04 - Refi @ $646,000
05/31/05 - Refi @ $731,000
06/30/06 - Added second @ $40,000

6/16/06 - Listed @ $899,000
7/9/06 - Reduced to $875,000

Located down a private lane is this Spanish Retreat on 6.28 acres. Strong frame support this 4 bd 3 ba hm that was converted to 8 bd family home. Lot's of TLC needed - Bring you hammer. Sold in it's As-Is'' condition. Value is in the land and in the majestic views. Remodel to create your dream home!

Wow, only $875,000 for 6.28 acres of land and majestic views. Another thing that gets me is all of the spelling and grammatical errors. I'm no expert, but come on people, at least read it after you entered it in MLS.


Anonymous said...

Sounds a lot like Boulder CO...that's why we are renting!

Anonymous said...

The real estate market has been the perfect storm the last few years....greater fools to buy, foolish lenders to lend, blind appraisers to value, greedy sellers and builders to raise prices. I just shake my head in amazement.....WAKE UP people. YOUR lives are being ruined and enslaved.....