patrick.net

There are a plenty of suckers out there these day. But, it will be difficult to find a sucker for this at this price. I guess this house will be finally sold at 500K or less.

For the difference you can build a new house.

But really, look at the 1997 pre bubble price...and 35% for inflation gets you around $380K. Above $400K doesnt make sense.

Property History for 347 FALCATO Dr
Date Event Price Appreciation Source
Mar 27, 2012 Listed (Active) $649,950 -- MLSListings #81211390
Feb 17, 2012 Sold (Public Records) $445,000 -7.5%/yr Public Records
Feb 17, 2012 Sold (MLS) (Sold) $428,000 -- MLSListings #81139572
Nov 04, 2011 Pending (Pending With Release) -- -- MLSListings #81139572
Sep 14, 2011 Listed (Active) ** -- MLSListings #81139572
Sep 08, 2006 Sold (Public Records) $682,000 10.3%/yr Public Records
Jul 25, 1997 Sold (Public Records) $280,000 -- Public Records

E-man says

Interesting. It was sold for $682k at the peak of the housing market in 2006, and now someone is asking for $650k? It's almost like the bubble didn't leave us. :)

LOL! sent the price history.. to the owner ..

something like this

To the Homeowner
(aka Bernie Madoff)
347 FALCATO Dr

Dear Bernie,

What are you, some kind of a crook who buys a home for $455K, slaps some cheap paint and pimps it on the market for $650K.

I think your an evil sick son-of-a-bitch.

Yours Truly,
Your neighbor.

PS. see 1997 sales prices and you will see how low prices will fall.