A contest

[ns2524_IHB]

This property was sold on 5/30/07 as trustee sale for $382,500. See redfin link:

http://www.redfin.com/stingray/do/printable-property?external_id=5646064

It is back on the market for 462,000. See Ziprealty link:

http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=U7002900&page=1&property_type=CONDO&mls=mls_so_cal&cKey=qg0rm465&source=SOCALMLS

Your comments: break even, profit or loss? If loss or profit by how much? assume 6% commision. We will follow the sale and the closest guess will win 2 Tickets to spectrum 21 theatres.

The buyer and seller are excluded from contest.

 

[Trooper_IHB]

Profit. Sale of $417,000, minus 6% commission = $391,980 net.

 

[Trooper_IHB]

Also, the ziprealty is a dead link. When I cut and pasted, it wanted me to sign up...but I didn't have time. So I haven't seen pics of inside.

ns....ummmmmm, are you the flipper?

 

[graphrix_IHB]

17 Fairside #14

Ha $462k in 2006 maybe. 2007 it's $409k maybe and since the bank has it's head in a dark place it will be more like $360k in 2008. 3bd 2ba? 1355 sqft $236 HOA. Like all REOs no interior photos. The squaters must get in the way.

 

[biscuitninja_IHB]

Loss! I bet this place goes for 375ish. Its just not that expensive in that area.

-bix

 

[raymond_IHB]

I would say it's going to be a loss at $399k minus a 6% commission.

 

[Trooper_IHB]

Holy crap, that's one ugly dog.... um, revising......