IWOG - opinion please....

By krc   follow   Thu, 24 Jan 2013, 4:20pm PST   ↑ Like   ↓ Dislike   720 views   4 comments   Watch (1)   Share   Quote  

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

#housing

Comments 1-4 of 4     Last »

Bigsby   befriend (0)   ignore (14)   Thu, 24 Jan 2013, 4:29pm PST   Like   Dislike     Share   Quote   Comment 1

That's one expensive kitchen.

BayArea   befriend (3)   ignore (0)   Fri, 25 Jan 2013, 7:29am PST   Like   Dislike     Share   Quote   Comment 2

$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.

The Professor   befriend (4)   ignore (3)   Fri, 25 Jan 2013, 8:11am PST   Like   Dislike     Share   Quote   Comment 3

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.

KILLERJANE   befriend (3)   ignore (1)   Sat, 26 Jan 2013, 11:07pm PST   Like   Dislike     Share   Quote   Comment 4

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

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