Saturday, March 27, 2010


new plan expands:click

142 home sites:click

The bigger they are; click

Mad max plunger alert:
Here we have the latest tract home McMansion taking a major price pounding. On the MLS as of 14 hours ago. This baby sports a rather impressive 4200 sq ft.

MLS: M1379795 asking $395K
Purchased: 5/2007 for $793K

That is a $398K (50%) loss.

Hows does the $395K asking price affect the adjacent.

Purchased: 12/2006 for $696K
Purchased: 4/2009 for $415K
(this was also a foreclosure original price new in 2007 was $795K)

2500 sq ft Max.

1 comment:

Anonymous said...

Massive tract home McMansion foreclosure that the bank took back 3/22/2010. This baby sports a rather impressive 4600 sq ft.

Are you ready for this...purchased 5/2006 for $1.2 million. Thats is correct, over $1 mil for a tract home. Assessor says market is $655K. Could this be a strategic default or a failed short sale?

How does this massive foreclosure affect the adjacent.

Purchased: 4/2007 for $725K

Purchased: 10/2008 for $475K (this was also a foreclosure, origianl price 11/2004 for $950K)

The price on these tract home McMansions are falling straight down.

Oh my!

2500 sq ft Max.