Superior location but home wasn’t spectacular:
Sold Over List
by Jim the Realtor | Nov 27, 2018 | Bubbleinfo TV, Jim's Take on the Market, Leucadia, Oceanfront, View | 4 comments
by Jim the Realtor | Nov 27, 2018 | Bubbleinfo TV, Jim's Take on the Market, Leucadia, Oceanfront, View | 4 comments
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Extended to end of August now. There will never be a Covid foreclosure: FHFA extends forbearance period to 18 months - HousingWire https://www.housingwire.com/articles/fhfa-extends-forbearance-period-to-18-months/
Hey, does anyone have Bezos' number? Neighbors include Larry Ellison, Charles Schwab, Laurene Powell Jobs, and Masayoshi Son https://www.bloomberg.com/news/articles/2021-02-26/green-gables-woodside-silicon-valley-estate-on-sale-again-135-million via @luxury
Yes. Cool off from 100 degrees to 99 degrees. If buyers are willing to pay $100,000+ over list, then a half-point is a rounding error.
Merrill: "Higher rates are a headwind for housing ... we expect declining affordability to be a modest to moderate headwind for housing going forward, which will result in a cooling off rather than a crash in the hot existing home market"
Do you know if this was this sold as a rental? Must be nice to have that much cash to park at the beach!
I don’t know, but somebody coming out of a 1031 exchange would find it attractive.
Think if you inherited an 8-plex and traded straight across? It would feel like a free oceanfront property, and you could probably get $6,000 to $8,000 per month for a year before you moved in.
Maybe it was bought by a flipper.
It’s not out of the question, but major cajones needed.
Last month one closed down the street for $8,500,000, and there’s another one pending that’s listed for $10M+.