Comments on: Million Dollar Fixer Upper? http://www.princeofpetworth.com/2009/10/million-dollar-fixer-upper/ Welcome to the beautiful life Thu, 09 Feb 2012 20:35:31 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: ogden http://www.princeofpetworth.com/2009/10/million-dollar-fixer-upper/#comment-51581 ogden Tue, 13 Oct 2009 23:08:32 +0000 http://www.princeofpetworth.com/2009/10/million-dollar-fixer-upper/#comment-51581 The listing price has been updated now. FranklyMLS confirms it is a foreclosure property. Likely the bank is expecting higher bids. The listing price has been updated now. FranklyMLS confirms it is a foreclosure property. Likely the bank is expecting higher bids.

]]> By: Anonymous http://www.princeofpetworth.com/2009/10/million-dollar-fixer-upper/#comment-51580 Anonymous Tue, 13 Oct 2009 22:04:05 +0000 http://www.princeofpetworth.com/2009/10/million-dollar-fixer-upper/#comment-51580 Good post. Worthy of a good look and serious consideration for this single family Petworth home. The $165,000 price is less than half the assessed value for taxation. Good post.

Worthy of a good look and serious consideration for this single family Petworth home.

The $165,000 price is less than half the assessed value for taxation.

]]> By: Jamie http://www.princeofpetworth.com/2009/10/million-dollar-fixer-upper/#comment-51579 Jamie Tue, 13 Oct 2009 21:17:36 +0000 http://www.princeofpetworth.com/2009/10/million-dollar-fixer-upper/#comment-51579 If that house really just needs a little tlc that's a great deal. I have noticed lately though that foreclosures are being listed absurdly low, most likely to generate interest and a bidding war. I doubt it will go for that cheap unless it's a dump. If that house really just needs a little tlc that’s a great deal. I have noticed lately though that foreclosures are being listed absurdly low, most likely to generate interest and a bidding war. I doubt it will go for that cheap unless it’s a dump.

]]> By: JW http://www.princeofpetworth.com/2009/10/million-dollar-fixer-upper/#comment-51578 JW Tue, 13 Oct 2009 18:58:52 +0000 http://www.princeofpetworth.com/2009/10/million-dollar-fixer-upper/#comment-51578 It doesn't say on the listing but surely this is bank owned. Someone bought it for 375K in 2006. I can't imagine anyone would be willing to let it go for a 210,000 loss (plus realtor fees) without going short sale or handing it over to the bank. Our house needed a "little TLC" when we bought it and it had a brand new kitchen, updated bathrooms, new windows, new wiring.... etc. I can't imagine what this place might need if it says needs TLC. However, at 165K you can afford to put in 100K+ and would still be fairly under neighborhood prices for a completely renovated house. It doesn’t say on the listing but surely this is bank owned. Someone bought it for 375K in 2006. I can’t imagine anyone would be willing to let it go for a 210,000 loss (plus realtor fees) without going short sale or handing it over to the bank.

Our house needed a “little TLC” when we bought it and it had a brand new kitchen, updated bathrooms, new windows, new wiring…. etc. I can’t imagine what this place might need if it says needs TLC.

However, at 165K you can afford to put in 100K+ and would still be fairly under neighborhood prices for a completely renovated house.

]]> By: Petworth Newbie http://www.princeofpetworth.com/2009/10/million-dollar-fixer-upper/#comment-51577 Petworth Newbie Tue, 13 Oct 2009 18:47:17 +0000 http://www.princeofpetworth.com/2009/10/million-dollar-fixer-upper/#comment-51577 Having bought a similar-age house in the neighborhood, fixer upper means needs all new windows, updating the electrical & adding lots of outlets, possibly installing plumbing for at least one shower, ripping out and replacing the kitchen, crumbling lead-paint covered plaster walls, probably redoing the bathrooms (because even that ageless subway & mosiac tile cracks eventually, and claw foot tubs can rust) and oh god don't look at those water stains in the basement. Having bought a similar-age house in the neighborhood, fixer upper means needs all new windows, updating the electrical & adding lots of outlets, possibly installing plumbing for at least one shower, ripping out and replacing the kitchen, crumbling lead-paint covered plaster walls, probably redoing the bathrooms (because even that ageless subway & mosiac tile cracks eventually, and claw foot tubs can rust) and oh god don’t look at those water stains in the basement.

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