Now on market for $689k, about $290k too high, IMHO. MLS# F1083986 Once sold in 2006 for $1,275MIL. DEEP WATER, NO FIXED BRIDGES TO OCEAN FROM THIS NICELY MAINTAINED THREE BEDROOM HOME WITH LOVELY WATER VIEWS,WIDE CANAL AND PRIVATE DOCK. INSIDE THIS LOVELY HOME YOU WILL FIND GREAT CLOSETS,NICE SIZE ROOMS INCLUDING A SPACIOUS FAMILY ROOM OFF OF THE KITCHEN AND AN OVERSIZED PORCH... A TWO CAR GARAGE AND CIRCULAR DRIVEWAY IS A PLUS. WHAT A GREAT LIGHTHOUSE POINT LOCATION, CLOSE TO SHOPPING, RESTAURANTS AND BEACH
Here is a tract home MCMansion plunger that is not worth anywhere near what was paid for it. This baby sports a rather impressive foot print of over 4300 sq ft (4800 according to the listing). Anyway it is quite impressive.
MLS: M1401665 asking $650K Purchased: 2/2006 for $890K
More of the same. This tract home McMansion is just listed (18 hours ago) and is a whopper of price pounding. This baby sports a rather modest 3778 sq ft.
MLS: F1074449 asking $420K Purchased: 6/2007 for $928K
More of the same. I am seeing a pickup in this type of thing even before we get the the major resets that will soon start. This tract home McMansion market is being decimated.
MLS: F1084195 asking $315K as of 3 days ago. Purchased: 4/2007 for $752K
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5 comments:
Here's an interesting plunger.
First, sales history, copied and pasted below.
10/15/2009 WD-T $100 46633 756
3/12/2008 WD-Q $802,500 45197 945
1/19/2006 QCD $100 42059 940
1/19/2006 WD $1,275,000 42006 955
4/16/2005 WD $940,000 40094 1069
Now on market for $689k, about $290k too high, IMHO.
MLS# F1083986
Once sold in 2006 for $1,275MIL.
DEEP WATER, NO FIXED BRIDGES TO OCEAN FROM THIS NICELY MAINTAINED THREE BEDROOM HOME WITH LOVELY WATER VIEWS,WIDE CANAL AND PRIVATE DOCK. INSIDE THIS LOVELY HOME YOU WILL FIND GREAT CLOSETS,NICE SIZE ROOMS INCLUDING A SPACIOUS FAMILY ROOM OFF OF THE KITCHEN AND AN OVERSIZED PORCH... A TWO CAR GARAGE AND CIRCULAR DRIVEWAY IS A PLUS. WHAT A GREAT LIGHTHOUSE POINT LOCATION, CLOSE TO SHOPPING, RESTAURANTS AND BEACH
Here is a tract home Mcmansion plunger that is about 100K less than brand new 7 years ago. This is a big one sporting over 4500 sq ft.
ON MLS: D1407335 asking $535K
Purchased brand new 9/2003 for $622K
http://www.bcpa.net/RecInfo.asp?URL_Folio=513936023920
After commission this will be over $100K loss.
2500 sq ft Max.
Here is a tract home MCMansion plunger that is not worth anywhere near what was paid for it. This baby sports a rather impressive foot print of over 4300 sq ft (4800 according to the listing). Anyway it is quite impressive.
MLS: M1401665 asking $650K
Purchased: 2/2006 for $890K
http://www.bcpa.net/RecInfo.asp?URL_Folio=513936024990
$650K really, good luck with that one. Property appraiser says $405K and zillow says $460K.
I suspect this one will make a serious run at the $.5 million loss club.
2500 sq ft Max.
More of the same. This tract home McMansion is just listed (18 hours ago) and is a whopper of price pounding. This baby sports a rather modest 3778 sq ft.
MLS: F1074449 asking $420K
Purchased: 6/2007 for $928K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031031410
$508K (55%) loss. Oh my my!
2500 sq ft Max.
More of the same. I am seeing a pickup in this type of thing even before we get the the major resets that will soon start. This tract home McMansion market is being decimated.
MLS: F1084195 asking $315K as of 3 days ago.
Purchased: 4/2007 for $752K
http://www.bcpa.net/RecInfo.asp?URL_Folio=513925051540
Over $400K loss.
2500 sq ft Max.
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