Home Buying in 27517>Question Details

Allblue, Home Buyer in 02186

35 Golden Heather Ct., Chapel Hill, North Carolina 27517 What is going on with this house?

Asked by Allblue, 02186 Thu Feb 12, 2009

Atlanticremarketing held an auction. Auctioneer finally disclosed they had a bid of $200,000 once a low ball was thrown. Very deceptive. The house has not been weatherized and it was 9 degrees in NC! Needs paint. I would have paid $210, but the bank “bought it back” for $325,000 and prayed someone would upset the auction.

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I am not sure exactly what your question is. I did look at this 35 Golden Heather Court in the Preserve at Jordan Lake. It was listed in 2004 for $536,000 then in 2005 they rented it until 2007. It was then listed for $475,000. and withdrawn. Suntrust Bank sold it in 05/09 for $352,000. What happened here is that the bank could not see taking that big a hit at $210,000. the tax value on this home is almost $508,000 .

I saw no one answered you but perhaps this brings closure to your question.

Deborah Rigsbee Miller, Realtor
Coldwell Banker HPW - Durham, NC
0 votes Thank Flag Link Wed Oct 13, 2010
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