REO 52 Crimson Rose

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J

JCT1_IHB

New member
Hi guys,

This is my first post and have learn alot reading the various post. I saw an REO listed on realtystore.com for 52 crimson rose for asking price of $1,125,000 but when i look at redfin, it stated it was sold on 07/15/2009 for about $1,588,000. Is the listing on realtystore.com old? Anyone care to offer their insight? Thanks in advance.
 
JCT1 said:
Hi guys,

This is my first post and have learn alot reading the various post. I saw an REO listed on realtystore.com for 52 crimson rose for asking price of $1,125,000 but when i look at redfin, it stated it was sold on 07/15/2009 for about $1,588,000. Is the listing on realtystore.com old? Anyone care to offer their insight? Thanks in advance.
Click to expand...
The 7/15/09 sales price of $1,588,000 was the amount the bank took the property back for (i.e. the opening bid at the auction and no one bid on it). The home was sold on 9/25/09 for $1,180,000 to a CASH buyer.
 
USCTrojanCPA said:
JCT1 said:
Hi guys,

This is my first post and have learn alot reading the various post. I saw an REO listed on realtystore.com for 52 crimson rose for asking price of $1,125,000 but when i look at redfin, it stated it was sold on 07/15/2009 for about $1,588,000. Is the listing on realtystore.com old? Anyone care to offer their insight? Thanks in advance.
Click to expand...
The 7/15/09 sales price of $1,588,000 was the amount the bank took the property back for (i.e. the opening bid at the auction and no one bid on it). The home was sold on 9/25/09 for $1,180,000 to a CASH buyer.
Click to expand...

That is quite a discount to comps in TRidge. Where's Skippy and RobLar when we need 'em?
 
CapitalismWorks said:
USCTrojanCPA said:
JCT1 said:
Hi guys,

This is my first post and have learn alot reading the various post. I saw an REO listed on realtystore.com for 52 crimson rose for asking price of $1,125,000 but when i look at redfin, it stated it was sold on 07/15/2009 for about $1,588,000. Is the listing on realtystore.com old? Anyone care to offer their insight? Thanks in advance.
Click to expand...
The 7/15/09 sales price of $1,588,000 was the amount the bank took the property back for (i.e. the opening bid at the auction and no one bid on it). The home was sold on 9/25/09 for $1,180,000 to a CASH buyer.
Click to expand...

That is quite a discount to comps in TRidge. Where's Skippy and RobLar when we need 'em?
Click to expand...
In the land of denial?
 
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