Eastside Flops (www.EastSideFlops.com)

[barista]

Fastest loser: 3 months!

http://www.redfin.com/WA/Redmond/9873-1 ... me/2086857



May 05, 2009 Price Changed $525,900 -- NWMLS #29028846
Apr 23, 2009 Price Changed $546,900 -- NWMLS #29028846
Mar 17, 2009 Price Changed $594,900 -- NWMLS #29028846
Feb 26, 2009 Listed $624,900 -- NWMLS #29028846
Feb 03, 2009 Sold $549,599 -6.1%/yr Public Records

[barista]

Largest loss on ownership: 12K per month

we have seen thsi before and this is also the biggest %age loser per mont at 2% depreciation per month

http://www.redfin.com/WA/Medina/619-84t ... ome/251861



May 08, 2009 Price Changed $689,950 -- NWMLS #29052905
Apr 27, 2009 Price Changed $699,950 -- NWMLS #29052905
Apr 22, 2009 Delisted * -- Bank-Listed Foreclosures #3189478
Apr 15, 2009 Listed $724,500 -- NWMLS #29052905
Feb 13, 2009 Delisted * -- Inactive NWMLS #4
Feb 13, 2009 Delisted * -- Inactive NWMLS #3
Feb 10, 2009 Listed * -- Inactive NWMLS #4
Feb 09, 2009 Listed * -- Inactive NWMLS #3
Jan 16, 2009 Listed * -- Bank-Listed Foreclosures #3189478
Dec 29, 2008 Sold $750,000 -10.8%/yr Public Records

[barista]

Top 2 % losers pe month are already featured above so the next one is line is: at 1% loss per month (3K per month)

http://www.redfin.com/WA/Bellevue/10047 ... home/55691



May 04, 2009 Price Changed $225,000 -- NWMLS #28121949
Apr 28, 2009 Price Changed $255,650 -- NWMLS #28121949
Apr 02, 2009 Price Changed $269,100 -- NWMLS #28121949
Mar 19, 2009 Price Changed $284,500 -- NWMLS #28121949
Mar 11, 2009 Price Changed $299,000 -- NWMLS #28121949
Nov 12, 2008 Price Changed $310,000 -- NWMLS #28121949
Jul 14, 2008 Delisted * -- Inactive NWMLS #2
Jul 14, 2008 Listed $319,000 -- NWMLS #28121949
Jun 16, 2008 Price Changed * -- Inactive NWMLS #2
Apr 30, 2008 Price Changed * -- Inactive NWMLS #2
Mar 28, 2008 Price Changed * -- Inactive NWMLS #2
Feb 18, 2008 Price Changed * -- Inactive NWMLS #2
Dec 19, 2007 Listed * -- Inactive NWMLS #2
Jan 30, 2007 Sold $310,000 19.5%/yr Public Records

[barista]

Biggest %age loser: 33%

This was probably subdivided after it was sold.

http://www.redfin.com/WA/Kirkland/1620- ... ome/461549



May 04, 2009 Price Changed $435,000 -- NWMLS #29005627
Apr 17, 2009 Price Changed $455,000 -- NWMLS #29005627
Mar 17, 2009 Relisted -- -- NWMLS #29005627
Jan 22, 2009 Delisted -- -- NWMLS #29005627
Jan 10, 2009 Listed $479,000 -- NWMLS #29005627
Jan 09, 2009 Delisted * -- Inactive NWMLS #4
Nov 07, 2008 Price Changed * -- Inactive NWMLS #4
Oct 27, 2008 Listed * -- Inactive NWMLS #4
Oct 27, 2008 Delisted * -- Inactive NWMLS #3
Jul 11, 2008 Listed * -- Inactive NWMLS #3
Apr 04, 2008 Delisted * -- Inactive NWMLS #2
Dec 07, 2007 Listed * -- Inactive NWMLS #2
Jul 25, 2006 Sold $645,000 12.8%/yr Public Records

[perfectfire]

I used to live on the same street as this one:

neigh_0.jpg (26.93 KiB) Viewed 14604 times

Jul 20, 2005 Sold $400,000
May 07, 2009 Listed $250,000



This has got to be the lowest (or close to the lowest) price of any house in Bellevue. Not to mention the low $/sf. Probably a short sale though.

[Alan]

I thought maybe it had termite damage or possibly mold or asbestos. Who knows. I believe their are no deals. If you buy the cheapest house in an area, you are probably overpaying to take on hidden problems.

What is that street like?

[ira s]

SE 10th is not a bad street. Quiet. The house is a short sale, and in the NWMLS agent remarks they state that they will be reviewing offers today at 5 PM.
So I think it's one of those deals where they know perfectly well they will get numerous offers, that the accepted price will be considerably higher than 250,000 dollars, and that they set the price that low specifically to attract interest and multiple offers.

[perfectfire]

SE 10th is a weird street. As you drive down to the end you feel as if you've suddenly went from the suburbs to the boondocks. At first I thought it was quite nice. It was like living in the country, but with all of the conveniences of living in populated area.

[Alan]

Thanks, Ira. That make a lot of sense.

Anyone want to start a pool on the closing price?

I bet it will sell for around $390k.

[Markor]

I doubt it will sell for $390K, since nicer houses exist for that list price. I say $325K, if it sells at all.

[Alan]

It last sold in 2005 for $400k. I think prices are around 2005 levels. I would be surprised if it sold for as little as $325k.

But then I've often been surprised by this market.

[Markor]

[barista]

Total price reductions 226:
Flops: 21

LOSS PRICE LAST SALE PRICE URL
516000 839000 1355000 http://www.redfin.com/WA/Issaquah/2904- ... ome/436012
350000 1000000 1350000 http://www.redfin.com/WA/Clyde-Hill/962 ... ome/252579
162000 415000 577000 http://www.redfin.com/WA/Kirkland/8040- ... ome/517088
109912 599888 709800 http://www.redfin.com/WA/Bellevue/4815- ... ome/235299
100050 649950 750000 http://www.redfin.com/WA/Medina/619-84t ... ome/251861
99000 949000 1048000 http://www.redfin.com/WA/Sammamish/2581 ... ome/435724
86000 589000 675000 http://www.redfin.com/WA/Mercer-Island/ ... ome/260124
81500 457500 539000 http://www.redfin.com/WA/Redmond/7250-O ... home/62897
69050 1095950 1165000 http://www.redfin.com/WA/Mercer-Island/ ... ome/258086
67500 499500 567000 http://www.redfin.com/WA/Sammamish/2811 ... ome/264798
66000 599000 665000 http://www.redfin.com/WA/Kirkland/375-K ... e/12091293
65000 735000 800000 http://www.redfin.com/WA/Bellevue/9830- ... ome/506358
65000 735000 800000 http://www.redfin.com/WA/Bellevue/9830- ... s-29048716
63990 229000 292990 http://www.redfin.com/WA/Redmond/15821- ... e/12093041
60000 575000 635000 http://www.redfin.com/WA/Redmond/17609- ... ome/323188
35000 515000 550000 http://www.redfin.com/WA/Sammamish/3839 ... ome/267036
26000 829000 855000 http://www.redfin.com/WA/Sammamish/257- ... me/2060255
26000 869000 895000 http://www.redfin.com/WA/Sammamish/208- ... me/2089305
21500 539500 561000 http://www.redfin.com/WA/Issaquah/21926 ... ome/436168
6020 699980 706000 http://www.redfin.com/WA/Kirkland/7553- ... me/2088955
2450 280000 282450 http://www.redfin.com/WA/Issaquah/18505 ... home/72652

[barista]

Biggest loser of the week: 516K!

http://www.redfin.com/WA/Issaquah/2904- ... ome/436012



May 14, 2009 Price Changed $839,000 -- NWMLS #29058693
Apr 27, 2009 Listed $880,000 -- NWMLS #29058693
Jul 16, 2007 Sold $1,355,000 13.8%/yr Public Records

[barista]

Fastest loser: 2 months

http://www.redfin.com/WA/Issaquah/21926 ... ome/436168



May 15, 2009 Price Changed $539,500 -- NWMLS #29029778
Apr 02, 2009 Price Changed $549,000 -- NWMLS #29029778
Mar 06, 2009 Sold $561,000 -5.3%/yr Public Records