Got a big family? Six kids and a mother-in-law? Need fabulous schools, easy access to Tahoe, unobstructed views of Mount Rose and a nice acre of land to roam around on? Then check out this property, a best buy in Callahan Ranch. Open Saturday 11-2.
I'm Your Guy!
775-722-4011
GreenNV
The breeding pairs of brain cells are quickly becoming a rarity, but I seem to recall this one was listed with fanfare for a Mil, quickly reduced to a bit under and then to $950,000, into contact and looks like it fell out, and now listed $10,000 under the failure price.
Lindie, BB, Derrick, Tom, IR, Alan, where are you guys? Time for a feeding frenzie!
smarten
Well, we had this discussion before, didn’t we? Wasn’t this one of Diane’s listings which she labeled the “deal of the week?” The one where some of us questioned exactly what about this “steal” [Diane’s words, not mine] was such a deal? The one where the only substantive response was, “well, it’s a lot of square footage for the price.”
If we’re really, really talking about a “steal,” it seems to me [now this is just my opinion (which we’re all entitled to)] this home is priced about 35% higher than the “steal” stratosphere.
Take a look at the plethora of listings in St. James Village at $1.1M or so category [listings that aren’t selling because their prices are still too high] and tell me which neighborhood you’d prefer given you can afford the freight?
Sorry Diane, but I still like the idea of the “deal of the week.” The problem here is this “steal” just isn’t it!
Reno Ignoramus
Hey GreenNV, how the heck are you? You are sure right that we haven’t had a good feeding frenzy around here in a long time. Have we all lost that lovin’ feelin’?
For myself, I have to say I don’t find much new to comment on anymore. Iv’e been posting for 18 months now that watching the market deteriorate is like watching paint dry. After you watch the paint dry, and comment about it, for a year and half, there isn’t much new to say. I do admit it was a bit more fun a year ago when I would put up a comment about the market’s decline, then Derrick would call me a doom and gloomer, then Bantering Bear would loft a hardball at Derrick, then Alan would come to Derrick’s aid, then Lindie would add her .02, and then Mike Van H would come in and act as the peacemaker. Now, it seems everybody just agrees there was a bubble, the bubble has burst, and the market is in decline. Yes, everybody can offer their wisdom and insight as to how long it will remain in decline, and how much more it will fall, but really that’s just all of us talking out of our behinds. And I think we all realize that.
Maybe if you could put up one of your great posts about a specific neighborhood, or a specific house, or a specific “investor”, like you used to, it might get some of the old juices flowing. Ya think?
And oh, I don’t mean to offend anybody, but who ARE all these new people posting here??
Bantering Bear where are you??
Rob
Hi Diane. This is Rob. You showed my wife and I around late one afternoon a couple months ago.
I think this one is getting close to being a decent deal. The only thing going against it is that it has that 90’s look to it which is not too appealing to me. If it had some unique character, I would say that it would be a decent deal for me.
It is a huge house with a huge price tag, but the cost per sq ft is not too bad. Even at $150 per sq ft, the price would be about $820k. It’s not a starter home.
Allen Murray
Hi All, I’m still reading, but like RI states, not much new except for the fact that the market is still in decline. I have been looking at a few bank owned properties, the last one on Markridge that last sold for $690K, now asking $370K. I think we are getting close to bottom as I have said before. I don’t think now is a bad time to buy if you believe we are near bottom. I would guess that most of you sitting on the fence are waiting to see prices start to increase before you purchase. If you guess that we have another 5% decline and are waiting to see a 5% increase before you purchase you will be paying the exact same price and losing a year or two worth of home ownership. Just a thought. I too was curious about the demographics of that Montreau sale that Smarten asked Guy about. As another side note, my $1.2m home for sale has been shown 3 times in the last 3 weeks, which is a dramatic increase, and I hear that local mortgage applications are up dramatically, so maybe the action will start to pick up. And if you are wondering, yes I am still working on my condo project. Cheers!
Tom
It is a good location, not too close to the noisy Mount Rose Highway, easy access to the Lake, good views of the mountains, and still accessible to the airport and the mall at the bottom of the hill. We are watching it; needs to decline for our serious interest.
Perry
Hi Allen,
If you’re looking at the house I think you are it has bad curb appeal. This one will take some serious creativity to have some appeal. That whole portion of Markridge is a bummer with no off street parking unless you pave over your front yard.
Allen Murray
Hi Perry,
I agree completely with your assesment of the Markridge house. The fact that nobody wants to buy it for almost 1/2 of its previous sales price shows how crazy the market was at its prime.