what is the real house value of this house is this is no forclosure?

Asked by Js, 30338 Sun Feb 15, 2009

This question is about this property: http://www.trulia.com/homes/Georgia/Atlanta/sold/489228-2563…

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Hank Miller, Agent, Alpharetta, GA
Thu Feb 19, 2009
Godzilla loves it because he can walk through the power lines to the rear....sold for 207 so that seems to be the value.

Hank Miller, SRA, ABR
Associate Broker & Certified Appraiser
Prudential GA Realty
0 votes
Becky Morris, Agent, Atlanta, GA
Sun Feb 15, 2009
Yes, the home was a foreclosure. This home previously sold for $265,000 on 12/8/2006. It was offered as a preforeclosure/short sale on 12/21/2007 for $249,900, then reduced to $244,900. It was relisted by the bank on 11/28/2008 for $210,900 and sold for $207,250 with the seller paying $4967 in closing costs. It sold in 24 days. The home has big power lines behind it which made it difficult to sell. Hope that helps!
0 votes
Jolie Abreu, Agent, Boca Raton, FL
Sun Feb 15, 2009
This house was originally listed in December, 2007 for $249,000. The listing expired, then it must've forclosed because it was relisted as a bank owned property in November, 2008 for $210,900. The November 13 sale for $208,207 was the forclosure recording (it's always recorded as a sale from the previous owner to the bank). It then sold a couple of weeks ago, January 20, for $207,250. This sale hasn't been recorded by the county yet, but I'd assume the Trulia listing will adjust as soon as it changes.

The short answer to your question is that the property value is the $207,250 that someone was willing to pay for it. There was a comprable neighborhood sale in October, 2007 for $333,354 and a current active listing for $328,500. So, I'd guess on a quick glance, that the buyer of the forclosure got a great deal.

What a great time to buy a house!!

Web Reference:  http://www.helpinghomes.net
0 votes
Lee Taylor, Agent, Decatur, GA
Sun Feb 15, 2009
Sold for $208,207 on November 13. Says so on the Trulia listing headline.

That WAS the real value, 4 months ago.

Is it for sale again?

Is it a foreclosure?

What are your reasons for caring one way or the other?
Web Reference:  http://intowninsider.com/
0 votes
Lise Desorme…, , Atlanta, GA
Sun Feb 15, 2009
Could you rephrase the question? I'm not sure I understand your need.
Web Reference:  http://www.rmr-usa.com
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