Sunday, November 23, 2008

Lair Hill - 30% off!


A reader sent this one in. RMLS # 8101965 It's now listed for $299k, down from $429k. That's quite the discount - over 30%. I have to wonder if the $429k price was just wishful thinking, or a marketing ploy to make it look like a big discount. Anybody know this area and care to speculate? At the current price it's going for $200 / sq ft, less than the median $247 / sq ft for zip code 97239 according to Trulia. Then again the interior is pretty generic 90's bland, and it's an attached house, so I would expect a lower comp.

And for those who have been wondering why it's been so quiet here lately, well, it's been a crazy month. My parents were in town for a week, then I was back in Michigan celebrating my mom's retirement, and on the way back I picked up some nasty bug that had me in bed for 2 days. After catching up on work from all that the blog just didn't get much love. But please keep sending in your finds, rumors and questions and I will post them as quickly as I can!

Cheers!
Ian

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3 comments:

bearlee said...

The taxes are over $4K/yr which leads me to believe at one time this piece of property was valued at or near $400K. I would guess that the first task of the next owner is to go to the county and ask for a re-assessment of the property value.

JohnG said...

Unless they pay (or can prove that the house is worth) less than $231,670.00 an appeal will do no good. That is the assessed value.

White Salamander said...

Welcome back! I've been going through withdrawls