434-4th-Street-0909.jpg
It’s hard to guess what you think a property will sell for without seeing some interior photos but since this agent can’t seem to be bothered, we might as well try! On its face, an asking price of $1,200,000 for a single family home in the North Slope seems pretty darn attractive. The listing for the center-staircase house does mention that the place “needs renovation” but doesn’t get any more specific than that. Best guess?
434 4th Street [New Millenium] GMAP P*Shark



What's Your Take? Leave a Comment

Leave a Reply

  1. joist, my sense is that few props requiring full gut are moving right now. those few that are trading are already move-in condition.

    as a result, these type of guts will be where the deals are made. it will take lots of cash (and guts) but the strong willed buyer will pick this up for a bigger discount to peak prices than even a condo would trade.

    unfortunately for the bargain hunters shopping at the 99 cent store, i doubt this prop will be that “deal.” there appears to be no mortgage on the property so the owner is unlikely, barring unseen and unknown circumstances, to sell at such a discount.

  2. “think this place could be a real steal for someone who has time and cash.”

    Posted by: gemini10 at September 15, 2009 2:36 PM

    A real steal at WHAT, 1/3 it’s current price?

  3. My Best Guess is that it’s atrocious inside.

    Either that or the seller has an awesome home, but hired the laziest broker in town and somehow hasn’t figured it out yet.

    Insulting to anyone’s intelligence to try and get traffic to a 1.2 Mil property with a pic of the facade. Please.

1 2 3 4