Thursday, April 16, 2009

Reduced $865k

This home was featured in a Delusional seller post a few months ag0. 16909 Ridge Cliff Dr in Lake hills. It's a large 5 bedroom, 4.5 bath 4576 sq/ft home. The delusional seller was asking 1.3 MILLION! He paid 1.043 million right at the peak. I dunno if he pulled cash out or what but he seemed to need 1.3M. As expected it's sat on the market since last June and he never reduced the price even once. What a tool.

Fast forward to today and it's now bank owned. Even the bank was clueless on this house as they tried to get $977k at the trustee sale. The broker listing the home seems to be clued in though and he's listed it for $435k or $95 s/f. Today, that's a pretty good price. I doubt it will be a year from now. But right here, right now this should sell at that price. Plus he can use "Reduced $865k!" in his marketing of the home....

I'm heading out of town for the weekend. You guys behave yourself!


Martin Burtin said...

"I'm heading out of town for the weekend. You guys behave yourself!"

Hey, psssst, he's gone. PAARRRRTTTYYY!!!!

Empoprises said...

If we trash the place, does that provide another meaning to the term "distressed home"?