Sold Over List

by | Nov 27, 2018 | Bubbleinfo TV, Jim's Take on the Market, Leucadia, Oceanfront, View | 4 comments

Superior location but home wasn’t spectacular:

4 Comments

  1. B
    B on November 28, 2018 at 7:44 am

    Do you know if this was this sold as a rental? Must be nice to have that much cash to park at the beach!

  2. Jim the Realtor
    Jim the Realtor on November 28, 2018 at 8:07 am

    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.

  3. Zorro
    Zorro on November 28, 2018 at 3:04 pm

    Maybe it was bought by a flipper.

  4. Jim the Realtor
    Jim the Realtor on November 28, 2018 at 6:19 pm

    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+.

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