The contest for Padres tickets is complete – and it’s a tie!
We closed escrow yesterday at $710,000 cash. (list price was $699,000)
Raymond Byrnes guessed $709,500 and michael call guessed $710,500 – so you both win a set of four Padres tickets!
I think the reasons it didn’t go higher were that we were already listed at the very top of the range, and the house was too small for most people. The third bedroom had a pair of doors on one side, and a single door or another – so the house was really a 2-bedroom plus den, and 1,424sf. A single person bought it and paid cash.
See all the guesses in the comment section – thanks for playing!
$685,000 – apache
$695,000 – Scott
$701,899 – Recordsclerk
$703,000 – Jiji
$703,525 – danielson
$705,000 – toyobing
$705,001 – SD Squatter
$707,500 – dacounselor
$708,500 – Myriad
$709,000 – Ryan
$709,500 – Raymond Byrnes
$710,500 – michael call
$711,000 – Jennifer
$711,500 – Drew
$715,000 – splat123
$716,000 – Matt
$718,000 – Happs
$718,001 – elbarcosr
$719,500 – Steve
$719,500 – Rob Coury
$719,900 – lifeisradincbad
$720,000 – Mary
$721,000 – CB Mark
$722,000 – SquirrelFood
$723,500 – Al
$724,900 – Thomas Broderick
$725,000 – Kingside
$725,000 – Ron
$725,300 – David
$725,900 – Daniel (theotherone)
$727,000 – Justin
$729,525 – Susie
$729,900 – avgjoe
$729,900 – SMBeechtree
$733,000 – bode
$734,000 – Bestia de Amor
$735,000 – Name
$735,200 – DavidinCarlsbad
$737,000 – stormin
$738,002 – Mark
$738,500 – JE
$740,000 – Mike M
$742,000 – doughboy
$743,000 – Greg
$745,000 – JaytheRealtorWannabe
$747,000 – Just some guy
$747,601 – 97212
$749,000 – livinincali
$751,000 – swm
$752,000 – looking
$762,000 – Dave Peck
$820,000 – exSanDiegian
Congrats Jim on selling above list price to a cash buyer. Would you be able to say if this was an investor purchase?
Owner-occ
Ah, to be rich and single…!
And the endless march of all cash buyers continues…
Congrats on the sale Jim!
Some of the cash buyers aren’t *really* cash buyers. When I bought my rental properties at the bottom of the bubble in 2011, I had to compete with cash offers from investors, so I used cash borrowed from the Bank of Parents. Immediately after closing, I financed the properties with a traditonal lender for 30 year fixed between 3-4.5% and paid back my folks. I did this with each of 11 properties, including the house I kept to live in.
I imagine a lot of people do this with these “cash” offers.
Thanks again, Jim. And congrats on the sale.