Dove Canyon Flip

[SoOCOwner_IHB]

Amberwicke

The flipper recently paid 602,000 to the bank. New landscaping, flooring and paint were installed. Now listed at 769,000. I'm curious to see what this sells for.

 

[NewToOC_IHB]

Good buy at 602k. Unless they poured a ton of money into the I assume minor upgrades (kitchen looks stock) I'd think they'd make some money on the flip. At our house we like to say Dove Canyon is a poor man's Coto. No offense to Dove Canyon dwellers - it just wasn't our cup of tea.

 

[CalGal_IHB]

Good buy at 602k. Unless they poured a ton of money into the I assume minor upgrades (kitchen looks stock) I'd think they'd make some money on the flip. At our house we like to say Dove Canyon is a poor man's Coto. No offense to Dove Canyon dwellers - it just wasn't our cup of tea.

I agree - Coto is my favorite too. :coolsmirk:

 

[PadreBrian_IHB]

Today it's worth the 602k they bought it from the bank for. The 770k price is lol-able.

 

[SoOCOwner_IHB]

A tidy profit is still possible for a few months of ownership in a lousy market:

9 Amberwicke

Purchase Price: 602,000

Sales Price: 740,000

 

[xoneinax_IHB]

Was it REO or short sale ?

 

[SoOCOwner_IHB]

A realtor bought it at auction, I believe.