I am personally aware that the previous owners have vacated the property after more than a year not making payments. I don't know the title status, i.e. is it in the name of the bank or not? I agree with you, that it is high for todays market. I am interested in that property, so if you could do the "spade-work" through your contacts at a title company or the bank holding the mortgage and contact me at: firstname.lastname@example.org I would appreciate it and perhaps we can do business. Regards,Ray LaBonte
Robert Heath: Are you the guy I knew in Vietnam? Are you the owner of this great looking house? I received a letter you sent and I want to know if you have an email address I can reach you at before you get my return letter back to you. Regards, Ray Labonte
I do and I rent it back to my son. It is not presently for sale.
The Zestimate of this house does not come close to the real value considering the improvements (Zillow has no way to know that). The home-theatre redefines the experience. The pool-patio area is like the Hearst Castle in Cambria (I've been to both). Take my word for it !!
I grew up here and I remember a stream (dried up most of the time) that once overflowed its banks and water came into our cellar at about 5 and a half feet high. We also had a bomb shelter in the cellar (which I built but was dismantled when my parents wanted to sell the house). I remember this house as a intregral part of my upbringing. I am visitor #11 to this page. Regards, Ray LaBonte
SPOKE TOO SOON! How could Zillow know the house has been "gutted". No doors, no cabinets, holes in ceilings where speakers used to be. God knows what else ... cement in toilets? If you think you want this place - think again !! Or be prepared to offer much less and be your own contractor.
How can it be that the asking price as shown on Realtor.com is $171,156 MORE than the AVERAGE of the two best house valuation sites, i.e. Zillow.com and Cyberhomes.com ? As of 6/28/2008 each of the two valuation sites had it valued at $539,500 and $496,188 respectively, which averages to $517,844. These sites USE COMPS, jobs, market activity in the price range/size of the homes, etc... (and the etc... consists of hundreds, if not thousands of parameters). Seems to me that if the Seller is REAL and the Seller's Listing Agent is REAL that this simply must translate to a more REAListic asking price. Now if the Homeowner really doesn't want to sell or you simply told the homeowner what you think they thought other properties WERE SELLING FOR, so as not to embarass him/her and to get the listing you went along with them. Seems to me that a 61.6% profit from when they bought the house, to now is excessive for any investment. My stocks haven't done that well! Your selling price could be trimmed quite a bit to be more in line with current REAL conditions. Everyone else on N. Sedona has the same problem because of trying to keep up with the other guy. Note 9885 N. Sedona is selling for $149,000 more than the average of those same two valuation sites, ASKING $755,000 on Realtor.com so I'm not just picking on this house, it's the mentality of the neighborhood (which is a very nice neighborhood) but all that has already been factored in on the valuation sites.
Granted, if you want a 5/3 with almost 3600 square feet on a large lot, you may not be able to find one any better than this - but the reality is that those buyers are few and far between, in other words, market activity for this type of home is LOW.
I looked up this property and it's For Sale on Realtor.com MLS# 300393 at a price of $599,000. It appears to me that since the Zestimate is $484,500 as of 6/23/08 that this home reflects pricing of a "day gone bye" in the Fresno area.