Friday, May 25, 2007

Flip in Mountain View Gone Bad

Having heard some many people said Mountain View is prime because lots of Googlers want to have homes nearby, it is quite refreshing to find an example to show that the market is not going up, NOT even in Mountain View.

Redfin - Find San Francisco Bay Area Real Estate:
"Price: $1,525,000
Redfin Savings: $30,500
1 of 6
1178 BONITA AVE
Mountain View, CA 94040
Beds: 4 On Redfin: 43 days
Baths: 3 Year Built: 2007
sqft: 2,000 Lot Size: -
$/Sqft: $763 MLS#: 718771
Status: Active on market
Last Sale: $1,625,000 (12/21/2005)"
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1 comment:

Audrey said...

Is this is a bad flip? I think the person bought a large lot with old home, then parceled the land out to 3 or 4 new homes on smaller lots which are selling or are sold for around 1.4-1.5 mil each.

10:24 AM

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