patrick.net

Only problem is that buildable lots are not selling in this area. There are many listed for around 300 to 500K and they sit for years. No way this lot could be subdivided, not nearly enough non-vertical land and zero way to access the lower yard from the street. The houses are just too close together for that.

My biggest beef with the place was wasting my time looking at a total rehab with major drainage issues when it was described as a "cosmetic fixer".

It slopes up, then drops off in the back.

E-man says

How much do you think it will sell for?

It'll sit like all the other dead bead houses that banks are trying to unload. To us it will disappear once they realize they can't get squat for it. Then for 3-5 years this house will just sit and rot as banks do a song and dance with the value of the worthless mortgage they hold.

E-man says

RentingForHalfTheCost says

E-man says

How much do you think it will sell for?

It'll sit like all the other dead bead houses that banks are trying to unload. To us it will disappear once they realize they can't get squat for it. Then for 3-5 years this house will just sit and rot as banks do a song and dance with the value of the worthless mortgage they hold.

What are you talking about? The house has no mortgage. It's a regular sale. Hello? Anybody home? Are you trying to become War and Darryl? :)

Okay, lets keep track of this one over the next few months. I've seen so many of these houses marketed as 'no reo, not a short sale, etc." when in fact they are. I don't trust anyone at this point.

E-man says

rufita11 says

Only problem is that buildable lots are not selling in this area. There are many listed for around 300 to 500K and they sit for years. No way this lot could be subdivided, not nearly enough non-vertical land and zero way to access the lower yard from the street. The houses are just too close together for that.

My biggest beef with the place was wasting my time looking at a total rehab with major drainage issues when it was described as a "cosmetic fixer".

Interesting. From the picture of the front the house, it appears that the lot slopes up from the street. Based on your description, it looks like a portion of the lot slopes down.

Hey, the realtor got you to show up to check out the property. I call that good marketing. LOL!

I met the realtor three years ago, but she looks about 10 years older now. If she was that good at marketing, she would have looked a lot more relaxed or at least been able to afford laser or botox.

I hope she goes and fists herself.

rufita11 says

My biggest beef with the place was wasting my time looking at a total rehab with major drainage issues when it was described as a "cosmetic fixer".

There is a Simpsons episode about this, featuring Red Blazer Realty

http://en.wikipedia.org/wiki/Realty_Bites

Marge encounters Lionel Hutz, who has become a realtor. Marge decides to try it herself and begins working for Hutz, at "Red Blazer Realty". She tells prospective buyers her honest opinion about the houses she shows them, and even encourages the Hibberts not to move at all as she prefers their current home. Due to her honesty, she does not sell any homes and Hutz tells her to use more positive descriptions when selling the houses, such as "cozy" instead of "small".

And the house is on Simpson Dr

Redfin requires a login to see pics.

oh wow... looks like someone really really really really wanted this house.

sold for 582....... going to need LOTS of work.

RentingForHalfTheCost says

E-man says

How much do you think it will sell for?

It'll sit like all the other dead bead houses that banks are trying to unload. To us it will disappear once they realize they can't get squat for it. Then for 3-5 years this house will just sit and rot as banks do a song and dance with the value of the worthless mortgage they hold.

I guess it didn't sit rotting. If I recall correctly, owner only owed $300k on this house.