Wednesday, May 12, 2010
It's been a while
It's been a while since I gave out the Ass-Clown award, then I ran across this listing and I just couldn't help but break it back out.
1505 Vanigraff in Corona was purchased in late 08 for $615k. The previous owner paid $1.062m for it. The current owner has only been in the home 18 months but somehow thinks it has increased in value some $370k in that time! He has listed it for $985K. I don't even have words for how silly that asking price is.
The home right behind this one (identical floor plan, nice house with awesome pool) sold two months ago for $600k. So this guy will be very lucky if he can get out for what he paid. After costs he's still looking at a healthy loss though (based on that comp next door).