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What does this property history tell you?


By kapone   Follow   Fri, 27 May 2011, 9:57am   508 views   4 comments
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Straight from MRIS for a currently active listing.

History

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  1. corntrollio


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    1   11:38am Fri 27 May 2011   Share   Quote   Permalink   Like   Dislike  

    You forgot the foreclosure in 2008:

    Feb 25, 2008 Sold (Public Records)
    This home was foreclosed

    . $2,880,001 -- Public Records

    http://www.redfin.com/VA/Mc-Lean/8612-Old-Dominion-Dr-22102/home/9262315

    Someone had some serious delusions of grandeur. Looks like they also pulled some money out of this place between 2003 and 2008.

  2. kapone


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    Rockville, MD

    2   11:45am Fri 27 May 2011   Share   Quote   Permalink   Like   Dislike  

    Actually, I didn't. :) I wanted to see the opinions based on not knowing that....

  3. corntrollio


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    3   11:47am Fri 27 May 2011   Share   Quote   Permalink   Like   Dislike  

    I wrote my "serious delusions of grandeur" comment before knowing about the foreclosure, FWIW. What's hilarious is trying to claim that a 1993 remodel somehow means this property jumped $4M+ in value in 2007. And then the lender trying to claim that the 1993 remodel raised the value $2M+ in 2008. Etc.

  4. thomas.wong1986


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    4   12:13pm Fri 27 May 2011   Share   Quote   Permalink   Like   Dislike  

    When the crap hits the walls it really gets loud.

    Property History for 1172 WINDROCK Dr
    Date Event Price Appreciation Source
    May 02, 2011 Price Changed $1,999,900 -- MRIS
    Mar 30, 2011 Listed (Active) $2,250,000 -- MRIS
    Feb 15, 2011 Sold (Public Records)
    This home was foreclosed

    REO (Real Estate Owned Home)
    Short for "real estate owned," REOs are foreclosed homes owned by banks and lenders.
    more info .

    $2,267,011 -- Public Records

    Jan 29, 2007 Sold (Public Records) $3,430,596 -- Public Records

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