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IWOG - opinion please....


By krc   Follow   Thu, 24 Jan 2013, 4:20pm PST   595 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

Comments 1-4 of 4     Last »

Bigsby   Thu, 24 Jan 2013, 4:29pm PST   Share   Quote   Permalink   Like   Dislike     Comment 1

That's one expensive kitchen.

BayArea   Fri, 25 Jan 2013, 7:29am PST   Share   Quote   Permalink   Like   Dislike     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   Fri, 25 Jan 2013, 8:11am PST   Share   Quote   Permalink   Like   Dislike     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   Sat, 26 Jan 2013, 11:07pm PST   Share   Quote   Permalink   Like   Dislike     Comment 4

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

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