Tracking A Sale, Part 2

This house at 5044 Blackpool Avenue in Oak Park

went up for sale on Redfin yesterday. It’s a 5-bed, 3-bath home on 2,815 square feet. The kitchen looks tiny for such a large house.

In the sales history, it previous sold for $955,000 on 10/23/06. It is now being listed for $1,089,000, which would be a $134,000 profit in 9 months. Not bad. Let’s see if they can get it. I will post updates on this any time the asking price changes or the house sells.

 

Fixer

I was browsing craigslist, and found this listing:

“Fixer, Fixer, Fixer in Newbury Park”

3 Bedrooms, 2 bath for $525,000 and it needs to be fixed up. With a little research, I was able to find it on redfin Sure seems like a lot of money for a “fixer”. The last time this property was sold was 1997 at $184,000, which seems like a pretty low price even for 1997 money, so this house must need some serious work, especially considering there are no interior pictures included. The house two doors down sold for $649,500 last summer, and that one has a pool and a 4th bedroom. I’m guessing this house sells for much less than the $525k asking price.

 

Tiny Dancer

This house on Houston Drive is currently listed on redfin for $429,000 and says it’s been listed for 6 months. But I think I’ve seen a for sale sign in front of the house for over a year now. I also seem to recall seeing a listing price of over $500k at one point. The price is coming down, but it’s still going to cost you over $2400/month mortgage (if you put $30,000 down) for a 2 bedroom, 1 bath house with only 924 square feet. Sound like a deal?

 

Desperate Or Not?

Here’s a house I found for sale on craigslist.  The ad says “desperate”.  But the price says “I still want to make a nice profit”.

30818 Overfall Dr in Westlake Village

$699,000

Last sold: 4/16/2004 for $616,000

So, the goal  here is to make an $83,000 profit in 3+ years to avoid foreclosure, and do it in a declining/stale market?  Good luck.  We’ll check back later and see if it sells and for how much.