Do you have your favorites? Outrageous price? "Contractor special?" "Close to transportation" (abuts I-80 sound wall)? "Selling due to illness" (got sick of the project)? Let’s have some fun this weekend, and post away with your best shots on the worst Reno area listings. Links and/or MSL listing numbers are appreciated.
My current favorite? 2895 Arentz in Belli Ranch, MLS 80010780, http://www.prunevada.com/propertyDetail.aspx?listingid=17-80010780&src=propSearch. This is a Realtor owned home, and the photo quality is stunning!. I didn’t know that shoe phones had photo capabilities!
This listing sure does not make me leaping up to plopping down $1,400,000, and actually, the price is very justifiable. A 3 way lot split with riverfront access is possible due to a fluke in the CCRs, which the owner and certainly the listing agent don’t know about,. And by the way to proxy listing agent Kasey, the zip code is 89523, not 89436 Spanish Springs. Maybe you were going for 89439 Verdi? Still got it wrong. Is it an upgrade if it he 3 fireplaces are from the original construction in 1986?
Can you imagine if Guy listed Diane’s house, and this is what went out to the public forums?
Have fun with this one!
NAS
MLS # 80005204
10112 via fiori
Can you say PIXELS ? Always enjoyed this one. Starts off pretty good with the opening
photo, but then gets a little spooky. What is that stuff? Maybe it’s a time warp. The price is stuck, stuck,stuck, stuck, back in 2006 at $780K.
BanteringBear
I’m not a big fan of Donald Trump, but he made a point one time which I couldn’t agree with more. He said, and I quote: “Anyone who doesn’t wash their car before trying to sell it is a loser”. He’s right. Who ever is responsible for using those photos for that listing, 2895 Arentz, is a loser. Period.
cash buyer
hi try #80010827 via bianca, could be nice house but photos say salesman not interested in selling. some favorites “this one won’t last” or “priced below appraisal” or home “boasts” or “3 years new” but the best has to be #80007889 “family compound” which must appeal to cult members. the days of gaming buyers is over.
BanteringBear
Derrick-
A loser, in the truest sense of the word, would be someone who yammered on about shorting oil at $130, only to see it spike up to $147 and change. Know anyone like that? I do!
Furthermore, I spend very little time on this blog as is evidenced by my posts. So, if you want to insinuate that I’m someone who spends “most of their life” online (I suspect you know someone like that, too!), at least have something to back it up, 4 am poster boy. Pot meet kettle.
MikeZ
Derrick needs to be banned. He continues to post unprovoked personal insults against other members.
I count 3 times now in the last 2 weeks. Silently deleting his insults (I’m referring to last last week) is not changing his behavior.
MikeZ
RE: “A 3 way lot split with riverfront access is possible due to a fluke in the CCRs, which the owner and certainly the listing agent don’t know about.”
Interesting! Would you care to explain further? Details? Specifics?
Transplant
This one is kind of like a one paragraph Shakespearean tragedy:
MLS# 80008066
Pending short sale subject to GMAC and Greenpoint approval. No offers entertained until one in process is resolved. Short Sale subject to 3rd party approval. First with GMAC $440,000 Second with Greenpoint $52,000 Private third party $100,000 Seller is also making every effort to modify the financing and stay in the property.
GreenNV
Transplant – I couldn’t get the MLS listing to come up. What’s the address? Sounds like something I would like to do more research on.
NAS – What’s with the decent exterior shots and the shoe phone interiors? Ron Bell usually does a pretty good job on presentation, especially on his own homes that have NODs on them. My bad!
Derrick, your comment was just stupid, not offensive, or I would have zapped it instantly.
D, when you are lucid, your insights are actually among the best on the site. Add to the discussion, not detract from it with these weird-ass semi-personal slurs. And BB, take a big breath, touch your toes, and let it go. Derrick is nothing without your responses to him, so just don’t respond.
MikeZ – I’ve got a copy of the CCRs for Belli Ranch as a result of one of the water rights law suits out there. Certain lots were originally allowed to subdivide, and Arentz happened to be one of them, wording buried in the CCR document. But if these owners ever read the HOA documents, they would know that and would be floating it out as a possibility on the MLS listing. If you have an HOA, READ the documents! Sometimes the restrictions are a free license.
Transplant
GreenNV,
What, RenoRealtyBlog’s very own MLS search page ain’t good enough for you?
The address for 80008066 is:
945 Pinebrook Road, 89509
GreenNV
Transplant, EEK what a nightmare! And the owner is a Realtor/Broker to make it even more special. I suspected something based on the claim that no new offers would be presented until the current one was accepted/rejected, which would be illegal unless you were the owner. $520,000 in July 2006 and asking $320,000 short now. It will be interesting to see if the hard money lender steps in on the courthouse steps.
My basic search is on the Prudential site, since they sort by listing date and shows me what is new. They use jonyxx software, which seems to block out pen dings, as opposed to RRB which uses an IDX feed.
Still, my bad for not searching with the home team site.
Caution
How about some ethics and disclosure.
Buyer beware on Twin Rock. Is that a lot right below the house in direct line of view no one wants to talk about?
tallguy
How about the 260 Lakeview in Verdi attempted flip that just popped up on the MLS today.
See MLS# 80013284
This is the property that was auctioned off earlier this year for around 340K, and had its own RRB thread earlier this year. It can be yours for only 475K. The kitchen “boasts of cleanliness”, which I can only assume means that the current owners vacuumed and cleaned it after they bought it. Based on the photos, I can’t see a single major change to the property, certainly no painting or major repairs have been done. So I think the flippers must believe that their cleaning must be worth at least 145K.
billddrummer
To tallguy,
Let’s start a cleaning service that takes a piece of the profit when a property flips!!!
tallguy
Bill,
If I thought I could run a cleaning service that would turn a 100K+ profit in 6 months, you can be sure I would be out buying vacuum cleaners and bleach this very moment. Not likely though.
What I find interesting is the mentality of the folks who are selling 260 Lakeview. They obviously believe that they bought a foreclosure property for well under its “market value” at that time and now. They think they will meet with more success than the bank did in getting that property sold. Buying around 340K, they will likely need to sell for at least 370-375K to break even on their purchase this year, assuming they put no money at all into the property. So they do have a 100K cushion to play with price reductions, which might work out just fine, or might not. I think the lowest price the bank tried to sell for was around 425-430K as of January 2008, and they were unsuccessful at moving the property. I would say that housing price gloom has deepened this year, and price declines have accelerated. Buyers are even more cautious now and looking for good deals, financing is tighter. But seller optimism waxes still, I’d certainly bet that property will end up going for less than 400K (if it sells in the next year), and probably awfully close to or under that 370K theoretical best case scenario break even number. Seems like quite a gamble on the part of the foreclosure buyers, now sellers.
Diane Cohn
Here’s one for the contractor special category… a Mount Rose Cabin partially redone with a lot of strange little dark rooms and maybe something living in the basement? (Not sure, heard some crazy noises down there when I went to preview. Kinda freaked me out…) Though it’s got a nice great room with a fab party deck, the highway noise is ever-present. Recently reduced to $495K, I’m thinking that’s still too high.