8 Comments

1. 

   Susie on September 7, 2020 at 8:11 am

   A couple questions, JtR. What’s the square footage and how many days until it sold?

2. 

   Jim the Realtor on September 7, 2020 at 8:22 am

   It was on the market with another agent for three years. They started at $30,000,000, but it was priced at $19,995,000 when it expired in July.

   This agent took over three weeks later, priced it the same, then raised the price to $21,995,000 a month later. He found the buyer in 37 days, and it closed at $20,000,000 cash. He got both ends.

3. 

   Jim the Realtor on September 7, 2020 at 8:23 am

   House was 8,148sf on 41 acres. It was a deal!

4. 

   Rob_Dawg on September 7, 2020 at 11:34 am

   First you couldn’t duplicate this. there just aren’t 50 acres like that anywhere similar. Second, replicating that construction IMO would take $10-12 million. This was a bargain.

5. 

   North County Guy on September 7, 2020 at 3:21 pm

   Does anyone know anything about the buyer?

6. 

   Susie on September 7, 2020 at 4:30 pm

   So if my math on commission is right (unless he’s a broker), he got 3%… = $1.2 mil.
   Quite a pay day, Jim.

7. 

   Jim the Realtor on September 7, 2020 at 4:46 pm

   Does anyone know anything about the buyer?

   The tax records haven’t been updated yet, so no help there.

   I hope it is a builder just for the entertainment of how long it takes to get subdivision approvals. Five years? Bill Davidson has the chops for it!

8. 

   Jim the Realtor on September 7, 2020 at 6:46 pm

   Quite a pay day, Jim.

   Math might be a little fuzzy but yes being a RSF high-end broker has its perks.