I though, structurally you cannot completely open kitchen in this type of a house. https://www.redfin.com/WA/Bellevue/12734-SE-68th-Pl-98006/home/417053?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link
Hence 66 DOM.
Could you please elaborate? What is 66 DOM?
Man people are desperate for flipping. 810k original purchase price, 100k in remodeling, 50k transaction and carrying costs, you're looking at 125k in profit, which will be taxed of course. And the place is over two months on the market.
I just do not understand what they are counting for.. You can buy a brand new house within 3 minutes drive for the same price. https://www.redfin.com/WA/Newcastle/12535-SE-76th-Ct-98056/home/113995546?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link
10k sqft Lot though. Can’t get that in a new home. I’d definitely live in Newcastle if it was mapped to the Bellevue or Issaquah schools and up on the hill with a view of the lake. The area near the golf course is prime. But I’m more of a somerset and lakemont kind of guy. This is definitely priced pretty high. These guys are maybe going to walk away with 50k max in profit. It’s a bad time to sell a flip.
Theyre gonna take a bath on this one. No one’s gonna pay 1 mil for that POS. It was listed for $650 ish and they bought for 8 something? I wouldnt buy for $700 right now, it’s far af from Microsoft.
Seattle real estate is just like Bay Area. 1.1m for 4b3b house
You can't buy a 4b3b for 1.1m in the Bay area .. not yet ..
Fremont, it’s possible. San Ramon, Dublin certainly!
I agree with others 1.1M? Get out of town. People think this flipping shit is easy stuff because they see some subsidized goofballs on TV that have contractors on retainer that can supposedly remodel a kitchen including moving walls for 5k. I've done a little bit of related stuff with rentals and the real world isnt like that.
Look at the school ratings. Not many people in this area will have interest in it when almost all of the schools in the other nearby area is 8+.
It’s still for sale, with a small price reduction.
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Pretty solid flip. Split level homes and mid century are great flip homes. Lowball 100k and see if you get a bite. 😬
Right, lowballing is the strategy to the current market :) But Newcastle should be a lot more cheaper. I would not even buy it for 800k. I my opinion split level is a vey bad house design: no bath in the master bathroom and lower level is completely useless.
I’m just messin with the low ball. They’re good flips because they have great square footage and good open space and are pretty easy properties to flip if you’re looking mainly at superficial renovations. I hear you with the bathroom issue. Looking at some expensive work to fix that design flaw. Mid century is still my favorite though. But the bedrooms are usually too small. Most of the time you need to knock down a wall to extend the master to make a proper master suite. But the single level construction, big windows and plenty of light and open space is fantastic.