Friday, June 01, 2007

Out of town investor's flip FLOP's


Another out of town investor's flip turns into a flop. This guy purchased this home, at 209 Isla Del Sol Dr, for $215,500 on April 28, 2006. He then listed it for $259,000 and found no greater fools to take his place.

He now has the home listed for $219,950. Here is his online ad:

This is a 3 bed / 2 bath single story, single family home.

It was built in 2006, but has never been lived in. The home is absolutely gorgeous, with the finest finsihings throughout.

Other details Beds 3 Approx Square Feet 1213 Baths 2 Price/Sq Ft 181.33 Year

Built 2006 Lot Sq Ft(approx) 4356 ((Assessor's Data))

This home was purchased preconstruction 1 year ago for the same price being
offered. This is an excellent opportunity for a family or an investor to take
advantage of the current market conditions and purhcase this home well below
market value.

The price has been reduced from $259,000.00, and is being offered for the amount of the current mortgage balance.

6 comments:

Anonymous said...

I'm thinkin' $150K at the bottom.

Bakersfield Bubble said...

Agree!

Anonymous said...

Aybody know the financing on this stucco shit box and how much this dip shit has taken it in the ass so far?

W said...

what an idiot!

W said...

what an idiot!

Ichabod said...

Price RAISED to $225,000!

"Seller will pay up to 3% closing costs to a qualified buyer with a local lender, and seller has a friend who is a mortgage broker that will not charge a loan origination fee."