Comments on: $1.2MM for Land. Are you a sucker? http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/ Tracking the Arcadia and San Gabriel Valley Housing Market Sat, 04 Feb 2012 08:44:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sam http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/comment-page-1/#comment-204280 Sam Wed, 01 Apr 2009 04:35:24 +0000 http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/#comment-204280 The home sold for $1 million in November. The home sold for $1 million in November.

]]> By: TheArcadian http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/comment-page-1/#comment-2843 TheArcadian Tue, 17 Jun 2008 21:30:26 +0000 http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/#comment-2843 ken, I would have to agree that the lot size is very desirable. A decent sized home could easily fit here and still have room for an expansive backyard. But the seller's proposed 8,000 sq feet new construction is hideous. ken,

I would have to agree that the lot size is very desirable. A decent sized home could easily fit here and still have room for an expansive backyard. But the seller’s proposed 8,000 sq feet new construction is hideous.

]]> By: Ken http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/comment-page-1/#comment-2842 Ken Tue, 17 Jun 2008 21:19:47 +0000 http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/#comment-2842 Thing is, the existing house looks pretty good except for the insane price. Almost 2000 sq ft, 3 bed/2 bath, on a big lot with a back yard hundreds of feet deep instead of ten, built in an era where they actually used lath & plaster & hardwood floors instead of particle board & styrofoam. (Still about twice the size that I could maintain, but...) You could actually put a small orchard in the back on a lot that size. Lemons, peaches, apples... Thing is, the existing house looks pretty good except for the insane price. Almost 2000 sq ft, 3 bed/2 bath, on a big lot with a back yard hundreds of feet deep instead of ten, built in an era where they actually used lath & plaster & hardwood floors instead of particle board & styrofoam. (Still about twice the size that I could maintain, but…)

You could actually put a small orchard in the back on a lot that size. Lemons, peaches, apples…

]]> By: Another $1.2MM for land | Arcadia Housing Blog http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/comment-page-1/#comment-2615 Another $1.2MM for land | Arcadia Housing Blog Thu, 29 May 2008 13:01:29 +0000 http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/#comment-2615 [...] property is very similar to the 1219 S. 6th Ave. that I profiled 2 days ago. They both sit on large lots (0.45 - 0.61 acres), have comparable square [...] [...] property is very similar to the 1219 S. 6th Ave. that I profiled 2 days ago. They both sit on large lots (0.45 – 0.61 acres), have comparable square [...]

]]> By: SavedByGrace http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/comment-page-1/#comment-2604 SavedByGrace Thu, 29 May 2008 00:40:30 +0000 http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/#comment-2604 I apologize for the generalizations we make about realtors and do understand that it doesn't apply to every one of you out there. With the current market environment, it can be tough for a realtor to step into a bear's den, but I'm glad you're up for it. Thanks for stopping by. I apologize for the generalizations we make about realtors and do understand that it doesn’t apply to every one of you out there. With the current market environment, it can be tough for a realtor to step into a bear’s den, but I’m glad you’re up for it. Thanks for stopping by.

]]> By: Anon http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/comment-page-1/#comment-2594 Anon Wed, 28 May 2008 15:11:02 +0000 http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/#comment-2594 The fact that the city approved an 8,000 sq ft house on this property kinda makes me want to throw up. The fact that the city approved an 8,000 sq ft house on this property kinda makes me want to throw up.

]]> By: Arcadia Lost http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/comment-page-1/#comment-2590 Arcadia Lost Wed, 28 May 2008 06:26:02 +0000 http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/#comment-2590 I really don't get the huge bump in listing price. Won't potential buyers also see that and pass? I can't believe someone will bite at 1.2M or even 1M after seeing the listing (wish) price history, summer buying frenzy or not. I'd think even the overseas money is not that foolish. Perhaps a jump in rentals as parents see that it might be better to lease houses/townhomes while their children go through two or three years of high school. I really don’t get the huge bump in listing price. Won’t potential buyers also see that and pass? I can’t believe someone will bite at 1.2M or even 1M after seeing the listing (wish) price history, summer buying frenzy or not. I’d think even the overseas money is not that foolish. Perhaps a jump in rentals as parents see that it might be better to lease houses/townhomes while their children go through two or three years of high school.

]]> By: Kerin Cantwell http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/comment-page-1/#comment-2582 Kerin Cantwell Tue, 27 May 2008 23:32:49 +0000 http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/#comment-2582 As an area realtor I have to say I find most of your blog incredibly entertaining, informative and accurate. Of course, some of the agent-bashing tars those of us who are ethical with the same brush as those who are not and who deserve it when you blow the lid off their shenanigans in the MLS. But I can deal with it -- to be a real estate broker one must develop a thick skin. Thank you for your informative blog! Kerin Cantwell As an area realtor I have to say I find most of your blog incredibly entertaining, informative and accurate. Of course, some of the agent-bashing tars those of us who are ethical with the same brush as those who are not and who deserve it when you blow the lid off their shenanigans in the MLS. But I can deal with it — to be a real estate broker one must develop a thick skin. Thank you for your informative blog! Kerin Cantwell

]]> By: george8 http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/comment-page-1/#comment-2579 george8 Tue, 27 May 2008 19:44:41 +0000 http://www.arcadiahousingblog.com/2008/05/27/12mm-for-land-are-you-a-sucker/#comment-2579 $1.2 m is very over priced, so is $800k. Please follow it to see how lender gets out of this one. Maybe 50 cents on a buck? $1.2 m is very over priced, so is $800k. Please follow it to see how lender gets out of this one. Maybe 50 cents on a buck?

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