REO 52 Crimson Rose

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JCT1_IHB

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Hi guys,



This is my first post and have learn alot reading the various post. I saw an REO listed on realtystore.com for 52 crimson rose for asking price of $1,125,000 but when i look at redfin, it stated it was sold on 07/15/2009 for about $1,588,000. Is the listing on realtystore.com old? Anyone care to offer their insight? Thanks in advance.
 
[quote author="JCT1" date=1256346662]Hi guys,



This is my first post and have learn alot reading the various post. I saw an REO listed on realtystore.com for 52 crimson rose for asking price of $1,125,000 but when i look at redfin, it stated it was sold on 07/15/2009 for about $1,588,000. Is the listing on realtystore.com old? Anyone care to offer their insight? Thanks in advance.</blockquote>
The 7/15/09 sales price of $1,588,000 was the amount the bank took the property back for (i.e. the opening bid at the auction and no one bid on it). The home was sold on 9/25/09 for $1,180,000 to a CASH buyer.
 
[quote author="USCTrojanCPA" date=1256347407][quote author="JCT1" date=1256346662]Hi guys,



This is my first post and have learn alot reading the various post. I saw an REO listed on realtystore.com for 52 crimson rose for asking price of $1,125,000 but when i look at redfin, it stated it was sold on 07/15/2009 for about $1,588,000. Is the listing on realtystore.com old? Anyone care to offer their insight? Thanks in advance.</blockquote>
The 7/15/09 sales price of $1,588,000 was the amount the bank took the property back for (i.e. the opening bid at the auction and no one bid on it). The home was sold on 9/25/09 for $1,180,000 to a CASH buyer.</blockquote>


That is quite a discount to comps in TRidge. Where's Skippy and RobLar when we need 'em?
 
[quote author="CapitalismWorks" date=1256358038][quote author="USCTrojanCPA" date=1256347407][quote author="JCT1" date=1256346662]Hi guys,



This is my first post and have learn alot reading the various post. I saw an REO listed on realtystore.com for 52 crimson rose for asking price of $1,125,000 but when i look at redfin, it stated it was sold on 07/15/2009 for about $1,588,000. Is the listing on realtystore.com old? Anyone care to offer their insight? Thanks in advance.</blockquote>
The 7/15/09 sales price of $1,588,000 was the amount the bank took the property back for (i.e. the opening bid at the auction and no one bid on it). The home was sold on 9/25/09 for $1,180,000 to a CASH buyer.</blockquote>


That is quite a discount to comps in TRidge. Where's Skippy and RobLar when we need 'em?</blockquote>
In the land of denial?
 
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