"Back on the market, buyer's could not perform [sic]. Great Opportunity to Build new Home. Deep lot, build a 2-story home with views to the ocean. Great School District. Don't miss this great opportunity. House comes with approved plans for a 2 story, 3200 square foot, 5 bedroom home...."Expect a lot more of these. This happens to be a 3 bed / 1 bath house at 3660 Corinth Ave., Mar Vista, asking $699K. Was it the reality of "views to the ocean" from two blocks west of the 405 or lack of financing that caused this buyer's inability to perform?
7 comments:
Gotta love it, "deep lot"
Lot Size: 5615 SF
Building Area: 840
Yeah, go outside and enjoy that big back yard, and close your eyes and imagine the freeway noise is actually waves crashing on the beach. Ahhh, paradise.
ooops...bad investment to tear down & build
Sale History 10/30/2006: $710,000
Construction cost 3200 sf x $250 = $800 = $800K
How much selling price will be?
Long term (10 yrs) investment?
10 yrs appreciation =?
10x8% interest = 80%
Good catch, Anon! Seller couldn't perform either, already flopping.
"Buyers could not perform" sounds like a job for Viagra...
buyer's could not perform
For 6% of these bubble prices, is correct English too much to ask?
Mortgage Brokers say 57% of clients couldn't refi in AUG.
Specific article on the CA situation.
http://thegreatloanblog.blogspot.com
Keep up the great work Westside. One of my favorite reads.
http://www.cjaycom.net/phpBB-3.0.1/viewtopic.php?f=8&t=262383&p=333113
http://beaverlakemoms.com/blm/viewtopic.php?f=6&t=23252&p=41923
http://kyja.com/forum/viewtopic.php?f=4&t=58449&p=122865
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