Quote (RedFromWinter @ Feb 2 2023 06:02pm)
Same, says bank bought it at foreclosure auction for 133k in 2022. I tried to buy it for 140k short sale in 2020 but same bank kept rejecting my offer even though it was over the FHA constraints. F*** shady Banks
It was following market Zestimate trend for the region until September, then it either held its valuation or would slightly trend up beating all odds. Then last week, went up another ~12k USD when listing now says its going to auction. Start bid 30k, anything over 90k USD and you've lost money on this thing TBH.
I'm wondering if it matters that it is not livable? Hasn't had heat/air-conditioning since 2019/2020, hydronic heating system burst, plumbing burst, garbage all over property. Broken windows, locks and doors. Toxic waste leeching into well. Abandoned cars and boats littered about. Zestimate a strong 200-250K though. Roof needed replaced 10 years ago, siding missing all over, moldy food in fridge and basement. Wood burner not properly vented, soot all over a room and ceiling. Undisclosed secondary well, barn that is partially sunk into mud. Oldschool electrical wiring and only 100A service. Somehow this is a gem of a property though, up ~10% while rest of area down ~10% in same timeframe.
I listed my rental for 600k (realestate agent got me good on this one) WAAAAAAYYYY over what's it worth. The Zestimate shows 600k for the time I had it listed at 600k. now it's listed for 295 and the zestimate is 261k.
I could send a photo if I can figure it out. it's a 45 degree line up to the point i listed it for 600. then tanks back to 261k