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Short Sale what should I offer?


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2010 Jan 4, 11:08pm   1,456 views  3 comments

by pessimisticRenter   ➕follow (0)   💰tip   ignore  

Here is my potential game plan. Purchase this home and a nearby piece of property. Live in this home for 3+ years while I build an energy efficient straw bale home on said land and then sell/rent this house. Property currently has a rentable apartment above the garage. Estimated rental rate 450 a month with utilities/heat included.

Please give any opinions and suggestions for offer price.

Link to mls listing:

http://www.realtor.com/realestateandhomes-detail/3-Hobbs-Avenue_Brookfield_MA_01506_1112646574

Price History:

Nov 15, 2009       Price Changed       $169,900       --       MLS PIN #70975670
Nov 03, 2009     Price Changed     $174,900     --     MLS PIN #70975670
Oct 20, 2009     Price Changed     $179,900     --     MLS PIN #70975670
Oct 12, 2009     Price Changed     $184,900     --     MLS PIN #70975670
Oct 07, 2009     Price Changed     $189,900     --     MLS PIN #70975670
Sep 28, 2009     Price Changed     $194,900     --     MLS PIN #70975670
Sep 15, 2009     Listed     $199,900     --     MLS PIN #70975670
Oct 30, 2008     Delisted     --     --     Inactive MLS PIN #1
Sep 22, 2008     Listed     --     --     Inactive MLS PIN #1
Jan 30, 2004     Sold (Public Records)     $136,000     >1,000%/yr     Public Records
Jul 31, 2003     Sold (Public Records)     $6,000     0.0%/yr     Public Records
Apr 23, 2003     Sold (Public Records)     $6,000     --     Public Records

           

Thanks,

Kevin

#housing

Comments 1 - 3 of 3        Search these comments

1   zzyzzx   2010 Jan 5, 1:38am  

What have comparable houses in that area sold for lately? What's the condition of the house?

2   pessimisticRenter   2010 Jan 6, 10:17pm  

Comparables have been going for about $120 sq/ft. This house is in pretty good condition, it needs some cosmetics on the outside, and some new carpet in the finished space above the garage.

3   zzyzzx   2010 Jan 7, 5:52am  

$136,000.00

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