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Maximum Overbid: Severely Damaged, No Electricity, Not Habitable, But Still Top Dog

Maximum Overbid: Severely Damaged, No Electricity, Not Habitable, But Still Top Dog

You gotta love a market (as a seller) where an agent can use the most eloquent of beautifully descriptive words to sell such a wonderful property, in such immaculate condition and still easily (likely with stacks of offers) get a property sold.

From the marketing:

A complete TEAR-DOWN! Beyond the external frame, this home is severely damaged/charred/burned from a fire last May 2014. No electricity so access is limited to morning hours only. All potential buyers to sign a Hold Harmless Agreement prior to access. Probate sale, no court, no death in prop w/in last 3 years. NOT in habitable condition, this is more than a fixer, it’s a complete tear-down!

171 Bright
171 Bright

Listed for $299,000 (that had to be a record in and of itself), this wonderful Ingleside Heights Home just closed for $485,000.

Hey! Look on the bright side…nobody died in the property…at least “within the last 3 years”, and maybe, just maybe, the city will actually let you tear the whole thing down and start fresh.

As for the rest of the top 10 Overbids, here you go.

Address BR/BA/Units DOM List Price Sold Price Overbid
171 Bright Street 0/1.00/N/A 16 $299,000 $485,000 62.21%
1139 Green Street 1139 2-4 Units 12 $1,299,800 $1,710,000 31.56%
1161 York Street 1163 2-4 Units 27 $1,200,000 $1,560,000 30.00%
1819 26th Avenue 2/1.00/N/A 42 $775,000 $1,000,000 29.03%
39 Bradford Street 2/1.00/N/A 29 $998,000 $1,250,000 25.25%
1455 Oakdale 5/3.00/N/A 47 $759,000 $935,000 23.19%
721 Delano Avenue 1/1.00/N/A 28 $569,000 $700,000 23.02%
111 Harold Avenue 2/1.00/N/A 80 $599,000 $720,000 20.20%
526 34th Avenue 528 2-4 Units 41 $1,920,000 $2,240,000 16.67%
427 Parker Avenue 429 2-4 Units 58 $2,200,000 $2,550,000 15.91%

Happy Friday, and welcome to the new look of my new site. Still a bit of dust and debris laying around, but for the most part, we’re open for business.


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alexclark

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