Thursday, October 1st, 2009 at 4:12 PM
Has Potential
Every journey back starts with the first step….
Posted on Thursday, October 1st, 2009 at 4:12 PM in Foreclosures/REOs, Jim TV, Thinking of Buying? | 19 Comments » | 
Email
| 
Print
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Vista! Gotta love it!! Value around every corner!!!
doughboy | October 1st, 2009 at 4:42 pmYikes!
JAP | October 1st, 2009 at 7:04 pmLAMO. Then cry.
redys | October 1st, 2009 at 8:04 pmJtR, just curious, do you know the original sale price the ATM balance?
Desert Realtor | October 1st, 2009 at 9:14 pm“This ain’t that bad.”
Yes it is! Hope you’ve had all your shots; maybe those retired marines can get you some MOPP 4 gear for future visits to gems like these.
You’re right, though; it’s practically a large duplex. A contractor could whip that place up and start collecting decent rent in no time. I’ll pass, though.
tj & the bear | October 1st, 2009 at 9:28 pmThanks for the compliment yesterday tj, I think a difference here is the lack of ads everywhere you look.
I went to the Padres vs Dodgers last night, and was reminded of how the constant barrage of ads is so depressing.
Padres are looking tough next year!
Jim the Realtor | October 1st, 2009 at 9:37 pmSales price was $470,000, financed 100% in 10/04. Pulled out another $50,000 before going down.
Jim the Realtor | October 1st, 2009 at 9:38 pmYou aren’t a fatty until you jump for joy and get stuck.
3clicks from da beach | October 1st, 2009 at 10:59 pmYou? Doughy? You’re as skinny as a European!
The place reminds me of an apartment I once had. Moldy and a complete wreck. I now see those places as potential tear-downs.
François Caron | October 2nd, 2009 at 4:13 am“Illegal unit.” Whereinthehell did you learn to speak Realtorese® Jim? That buyer will verify bonus construction has income opportunity written all over it.
Rob Dawg | October 2nd, 2009 at 4:29 amlove it! franky went to town on this one!
d^2 | October 2nd, 2009 at 6:27 amCan you say “Bootleg”
Local Boy | October 2nd, 2009 at 7:03 amWith a major remodel, an ambitious homeowner could turn that downstairs into a great home office/storage space (and be able to use the garage as a garage) while making the upstairs a private family space. At least that’s what I saw when I watched the video. Storage space in the former “kitchen” and office space in the other “bedrooms.”
Art Eclectic | October 2nd, 2009 at 7:40 amI’d love to see a video of this after it’s ready for resale………..dump to dream??? Oh the potential!
Snohomish Sue | October 2nd, 2009 at 9:39 amReminds me of the old appraiser’s joke:
“You know Frank Lloyd Wright?”
“Yeah”
“Well this is Frank Lloyd WRONG.”
Ultimate man cave downstairs.
RBRenter | October 2nd, 2009 at 10:09 amI like the arrows drawn on the walls. very considerate to point out the problems to potential buyers.
Erin | October 2nd, 2009 at 10:19 amWOW. $520K borrowed on that? Seems to me this is the biggest off-peak decline we’ve seen, percentage wise.
osidebuyer | October 2nd, 2009 at 11:06 amOh and I loved the Frank Lloyd Wright comments, I was laughing several times.
osidebuyer | October 2nd, 2009 at 11:07 amosidebuyer-Not even close. The world record for decline from peak is 92.8%, found in this Palm Springs house:
http://www.redfin.com/CA/Palm-Springs/398-W-Palm-Vista-Dr-92262/home/6044258
Look at this crazy shit:
Property History
Anonymous | October 3rd, 2009 at 12:48 pmDate Event Price Appreciation Source
Apr 30, 2009 Sold $32,500 -87.1%/yr Public Records
Feb 08, 2008 Sold $399,479 -8.3%/yr Public Records
Sep 22, 2006 Sold $450,000 28.4%/yr Public Records
Sep 20, 2005 Sold $350,000 63.3%/yr Public Records
Jul 30, 2004 Sold $200,000 89.0%/yr Public Records
Oct 06, 2003 Sold $119,000 24.3%/yr Public Records
Oct 11, 2002 Sold $96,000 114.3%/yr Public Records
Jun 28, 2001 Sold $36,000 -26.2%/yr Public Records
Apr 16, 2001 Sold $38,250 — Public Records