Showing posts with label fixer. Show all posts
Showing posts with label fixer. Show all posts

Monday, February 23, 2009

$61 per sq ft near Alberta? - 5137 NE 14th Pl.


According to Trulia, this little gem (RMLS # 9014589) is selling for $61 per sq ft in a zip code that averages $215 per sq ft.

Of course that's misleading, because if you calculate the price / sq ft for the finished space (1500 sq ft) you get $98 per sq ft.

Still, it's 50% below recent market activity. There are no photos to judge the condition, which is never a good sign although in the Google Map view you can see the flatbed with an old pickup on it, and even though I'm a car nut that still makes me wonder what's going on there.

The $64 question is how much will it take to bring it up to average condition, and what will it be worth when it's done?

Anybody seen the inside?

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Tuesday, July 8, 2008

A Real Concordia Fixer - 5421 NE 25th Ave

Here's a diamond in the rough for the handy and brave. It's only going for $129k in an area where similar homes are easily going for $250k and up, although it might need $100k to get it in similar condition. And unfortunately it sounds so bad that you won't get bank financing. Which is a shame as it excludes those that need this place the most.

It last sold for $45k (anybody know what SH stands for on the last sale/transfer?) and someone has at least pulled permits to do some remodeling. Maybe they ran out of money, who knows. But they still stand to make a profit.

The listing also lists Sabin elementary, when this is a stone's throw from Vernon. Where does this info come from?