IWOG - opinion please....


By krc   Follow   Fri, 25 Jan 2013, 12:20am   467 views   4 comments
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Is this a flip? Is this a realistic assessment of the appreciation going on in Concord already, or is there something else at play? Curious since you know the area.... Seems over-priced to me but what do I know. Can you tell if this was bought at auction (how?), or was this a foreclosure sale that may have taken a long time to go through....

http://www.redfin.com/CA/Concord/1368-Rosemary-Ln-94518/home/793318

Thx

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  1. Bigsby


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    1   12:29am Fri 25 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    That's one expensive kitchen.

  2. BayArea


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    2   3:29pm Fri 25 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    $98K for less than a month's work?

    Then again you can ask anything for a house. Getting it is another story.

    There is NO WAY that house will pull anything close to $350K in Concord.

  3. The Professor


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    3   4:11pm Fri 25 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected  

    The house is in the $250K Neighborhood. You can see the $350K Neighborhood a couple blocks away.

    6 houses for sale (Red)
    35 Preforeclosure and foreclosed not yet on market (Blue)

    Plenty more houses where that one came from.

  4. KILLERJANE


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    4   7:07am Sun 27 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    What are they really profiting on this after fees/capital gains/improvements, assuming they are not realtors?

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