[quote author="awgee" date=1228785331][quote author="awgee" date=1219436477][quote author="graphrix" date=1218783930][quote author="awgee" date=1218779889][quote author="graphrix" date=1218778577]Someone bought 7 Roberts today at the foreclosure auction for $1.05mil.</blockquote>
Huh? $1.05 mil? It seems to me that 7 Roberts would go for alot more than that. Do you have any more info?</blockquote>
All I can tell you is they rounded up from the $1.049 NTS and minimum bid amoumt.
<a href="http://www.zillow.com/HomeDetails.htm?zprop=54975260">On Zillow it says it is for sale for $1.795mil</a>, but it doesn't show up on RedFin or Zip. But <a href="http://www.redfin.com/CA/Coto-De-Caza/15-Roberts-Dr-92679/home/5823088">15 Roberts is listed for $1.35mil</a>., so picking up 7 Roberts for $1.05 sounds like a decent deal. I bet it was Pacfic Legacy, because they have the funds to buy a place for that much, and that it will be listed in the next 30 days or so.</blockquote>
If it is Pacific Legacy, they are quick:
<a href="http://www.listingbook.com/89?defaults=1&mlno=S544977&use_search_id=1&client;_id=&continue_url=http://www.listingbook.com/cgi-bin/construct.php?node=89&defaults=1&mlno=S544977&use_search_id=1&client;_id=&LBSESSID=279217063-2004056450&a=postlogin&client_width=992&client_height=567">More 7 Roberts</a>
Buy at auction for $1,050,000 and list for $1,329,000 within 8 days. Ya gotta admire the pros.
The listing agent is Debra Kovacs, a full service agent in Coto. Does Pacific Legacy use agents or do they list themselves?</blockquote>
Sold on 10/22/2008 for $1,310,000
Flipping certainly isn't dead, and is quite profitable for those who know what they are doing.</blockquote>
They netted about what I make net in about 2 years of working. Boy, I'm on the wrong side of the real estate industry.