Who Wants to Play "Guesss the Price of that House"??

Profile picture for SoCalBubbleHead

I thought I would try something new.  Everyone can post a photo of a house and we can guess how much the asking price is.  Be sure to include the location of the house, and some basic facts about it if you wish to play.  I will start:

 

Location: Northern New Jersey

Bedrooms: 5

Bathrooms: 3.5

Year Built: 1960s

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April 24 2008 - US

Replies (65)

795 K?

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April 24 2008

About 350K

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April 24 2008

Go away Spleng that aint Newark you tool!

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April 24 2008
Profile picture for SoCalBubbleHead

Here is an apartment in NYC that has recently SOLD, so guess the selling price

 

 

207 East 57th Street

3 bedrooms, 3.5 bathrooms

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April 24 2008

2.5 M?

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April 24 2008
Profile picture for SoCalBubbleHead

I will post the correct answers in abotu half an hour, so that everyone has a chance to play.  IN the mean while, you gusy can post some houses.

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April 24 2008

Location: Berkeley (North) CA

Bedrooms: 2

Bathroom: 1

SQ FT: 1100

Year Built: 1923

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April 24 2008
Profile picture for SoCalBubbleHead

15 Central Park West, Manhattan

2 bedrooms, 2.5 bathrooms

2,367 square feet

 

 

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April 24 2008
Profile picture for SoCalBubbleHead

I will guess $800,000 for the house in Berkeley

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April 24 2008
Profile picture for SoCalBubbleHead

ok, I will post the prices of the 3 places I posted:

 

1. Northern NJ House: $995,000

 

2. 207 East 57th Street: Sold for $7.1 Million

 

3. 15 Central Park West, listed for $15 Million

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April 24 2008

Berkeley house is asking 729K.

 

The current shmucks bought it in 2004 for 701K and are now trying to get the hell out with their pants intact.

 

Its last sale before that was is 1996 for 224K

 

No sir no bubble here.  The correction is over.  This is the bottom.  Don' miss the bottom.

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April 24 2008
Profile picture for SoCalBubbleHead

Wow, I was quite close.  And that is actually scarry because a $729k 2 bedroom, 1 bathroom house in my area would be laughed at and everyone woudl ask if the lsiitng price was a late April Fools day joke. 

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April 24 2008

I was goin to guess 600K for the Berkley house.

 

1.5 mill for the gorgeous NYC apt.

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April 24 2008
Profile picture for space_acer

Its last sale before that was is 1996 for 224K

 

Spleng is wise ... he done his homework well....  Kudos to you!!!

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April 24 2008

Kudos to PropertyShark.com!!!

 

but thanks. :)

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April 24 2008
Profile picture for . . .

If you want to know wheither a house is worth asking price in my area, I probably have some strong opinions due to specific vicinity issues.

 

Otherwise, I don't know enough about specific areas throughout the country to price anything.

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April 24 2008
Profile picture for KD in Texas

 

 

 

 

 

 

 

 

 

 

Rendon, Texas

4 bedroom, 1 media room, granite kitchen, 4.4 acres land, guest house, barn

Built 1996

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April 24 2008

Don't know much about Texas, but I know its cheaper there.

 

125K?

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April 24 2008
Profile picture for KD in Texas

Not THAT cheap!  LOL  475k Actually and it hasn't sold for quite some time.

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April 24 2008

Corona, Ca

4 bedroom, 4.5 bath home that is 4743 sq/ft. It also sits on 9143 s/ft lot

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April 24 2008
Profile picture for ptiemann

Corona is inland empire, hurting big time. I'd say $1mm, but with what's going on, maybe $750k?

Looks like new construction, And they already 'need out'.  So maybe the seller can asks to cover his debt, could be as much as $1.5mm.

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April 24 2008

sold new for $1.4 million in May 2006. flipped for 1.5 million in Feb 2007 quickly went back to the bank. It's now listed for $670k. Making this a $830k loss in one year

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April 24 2008
Profile picture for ptiemann

hey Socal, my guesses were not so bad, hm? I got the 1.5 right!!! Do I win something?

And 750 is not far from 670 either.

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April 24 2008

yeah that was good! you get props.

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April 24 2008

"Making this a $830k loss in one year"

 

Lordy,

 

Real Estate the can't miss investment!

 

Well it's hard to miss when you've got the gun in your own mouth.

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April 24 2008
Profile picture for ptiemann

Here's one that has a horrible sales history. Currently owned by a realtor, it will be quite the loss. I'm talking 7 figure losses on 2 of 3 transactions (each).

Beach front, 4 beds, 3 baths, 2065 sq ft, huge lot 0.4 acres

 

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April 24 2008
Profile picture for ptiemann

The beach front property was bought in 2000 by a dot-com millionaire.

7 years later sold to a realtor, with a 1.4mm loss.

 

Sales History
Date                   Price    
May 26, 2000     $5,000,000    
May 25, 2007    $3,600,000    

 

The realtor had not read the bubble blogs and ran out of deals. Tried a 'quick flip' (sale 10 weeks after closing):

Listing Price History
Date                   Price
Jul 10, 2007      $4,995,000
Sep 10, 2007     $3,995,000
Oct 25, 2007      $3,395,000
Nov 24, 2007     $3,995,000
Apr 03, 2008      $3,500,000

 

More photos here.

 

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April 24 2008
Profile picture for SoCalBubbleHead

Try to guess this one:

 

Southampton, New York

3 bedrooms, 2 bathrooms

 

 

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April 24 2008

Small world.. when I lived In Capitola, I had a gardening account not to far from that house.

I wonder why Mr.dot.com $$ sold it at a loss??

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April 24 2008
Profile picture for MarciR

Alpine, I really like that house.  I'd say 2mm.

 

Peter, just looking at those number scare me.  Is it any wonder I live in the hood?  No worries for me - I may not impress anyone, but I don't care.

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April 24 2008
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