I think it is actually a duplex, with two two bed one bath units. Depending on rent it could return 5% annual ROI at that price.
More real estate doom and gloom
- Thread starter Toshi
- Start date
I think it is actually a duplex, with two two bed one bath units. Depending on rent it could return 5% annual ROI at that price.
The first place the wife and I rented in Vancouver, WA after we got married looked almost exactly like that. Down to the pink tile in the bathroom and everything. I had to double check that listing to make sure it wasn't the same place. It was a duplex with a basement.
Market must be cooling, it went for 10% less than asking
https://www.redfin.com/WA/Seattle/6511-Phinney-Ave-N-98103/home/300864?utm_source=myredfin&utm_medium=email&utm_campaign=instant24_listings_update&utm_content=refresh_with_promo&riftinfo=ZXY9ZW1haWwmbD05MzUzNTE0JnA9bGlzdGluZ191cGRhdGVzX2luc3RhbnRfMjQmdHM9MTUxNzU3Mjc5NzgyNyZhPWNsaWNrJnM9ZmF2b3JpdGVzJnQ9dmlld19kZXRhaWxzJmVtYWlsX2lkPTkzNTM1MTRfMTUxNzU2OTk2OF8zJnVwZGF0ZV90eXBlPTcmbGlzdGluZ19pZD02MTQyNDg0NSZwcm9wZXJ0eV9pZD0zMDA4NjQmcG9zaXRpb25fbnVtYmVyPTA=
https://www.redfin.com/WA/Seattle/6511-Phinney-Ave-N-98103/home/300864?utm_source=myredfin&utm_medium=email&utm_campaign=instant24_listings_update&utm_content=refresh_with_promo&riftinfo=ZXY9ZW1haWwmbD05MzUzNTE0JnA9bGlzdGluZ191cGRhdGVzX2luc3RhbnRfMjQmdHM9MTUxNzU3Mjc5NzgyNyZhPWNsaWNrJnM9ZmF2b3JpdGVzJnQ9dmlld19kZXRhaWxzJmVtYWlsX2lkPTkzNTM1MTRfMTUxNzU2OTk2OF8zJnVwZGF0ZV90eXBlPTcmbGlzdGluZ19pZD02MTQyNDg0NSZwcm9wZXJ0eV9pZD0zMDA4NjQmcG9zaXRpb25fbnVtYmVyPTA=
I think I already posted this, but the average price on the market today for all properties in Teton County is now 2.6 million.
Doesn't Teton County have the highest concentration of super-rich in the country? I seem to recall reading recently that a one acre parcel on Mormon Row was selling for $5M with just a few small structures present...
Are there any jobs in Teton county other than those who serve the super rich who live there with no means of local support?
Yes, there are professional services (my wife is a CPA), insurance, financial management and the like. A LOT of telecommuters make up the 'middle' class. But yeah, it's mostly service industry jobs and real estate.
I guess what I was getting at is that it is a resort town where people with money choose to live, they generally are not making their fortunes locally. There are of course will be people locally who make vast sums off of said rich people, but again it all starts from wealth made elsewhere.
I suspect there is a booming industry selling fringed leather jackets and designer cowboy hats to aging trophy wives.
You have no idea. There are probably seven businesses selling that crap.
The funny thing is that 'Stealth Wealth' is what's in vogue here (as compared to Aspen).
Think billionaires wearing carhartt's and driving mid seventies pickup trucks (yet living in 20,000,000 dollar homes.)
It's the 'second tier' wealth that wears the western junk.
The funny thing is that 'Stealth Wealth' is what's in vogue here (as compared to Aspen).
Think billionaires wearing carhartt's and driving mid seventies pickup trucks (yet living in 20,000,000 dollar homes.)
It's the 'second tier' wealth that wears the western junk.
I spent a day in Jackson Hole before a weeklong backpacking trip in the Tetons. The Tetons are perhaps my most favorite place I have ever been, Jackson Hole possible the least. People do a good job of ruining nice places.
It's still a great community, (unlike Vail). Schools are top notch, quality of life is extraordinarily high, the skiing and Mountain Biking is off the hook...it just gets busy in the summer.
I Personally prefer Teton Valley, Idaho...but the schools there SUCK.
I Personally prefer Teton Valley, Idaho...but the schools there SUCK.
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The sound of dipshits revving their Harleys echoing through the valley must make summer rather special
The Harley's only really show up the week before and after Sturgis. The weather here precludes motorcycling for most of the year.
That must have been the week I was in town.
That's usually the same three week period that you can safely get up into the high country...
I've eyeballed Victor a few times in the last year....
I lived over there for 13 years. We still own a house in Victor that I want to move back to...
9.1%.
Must be nice...
I mused about this in my last post in my thread, but I’d like to buy a condo in the mountains down the road. Perhaps finishing off loans will coincide with a nice market crash.
With Syadasti's recent absence I assume you are now lead pedant? Only asking to see if I got a promotion to vice pedant.
You could have easily rephrased your OP to be "asking price was 10% more than what it went for" to be correct.
With Syadasti's recent absence I assume you are now lead pedant? Only asking to see if I got a promotion to vice pedant.
#numbersmatter
You are technically correct, which is the best kind of correct. I approve and am rather amused by such feedback.
I'm going to launch the soon to be industry in trading in aging trophy wives for newer, perkier versions. It'll be called Plenty of Bish.
Replacing gets expensive with the courts. Renting a new model over a weekend is a better business plan.
AirT&A
What happens to the used models?
Sell 'em for medical experiments?
Heh heh
Douchebag neighbor with the crackwhore daughter sold his place to one of those "will pay cash quick!"out fits for 165k late last summer. They tore the place apart, (4 dumpster fulls just to get out all the trash!) refinished the place and it went on the market yesterday for 290k. So far I've seen 3 couple's go through it, first one twice. I bet it's gone before the end of the day.
was this the neighbor that had all the crappy cars that were undriveable? or am i thinking of someone else?
One and the same.
i remember the story of the keys cabled to the steering column.
Good times.
now, will the sale help or hurt the value of la casa del 'squeeb?
Crackwhore house to $300K fixed up pad? Nothin' but help...
Can't do anything but help.
Couple's 5&6 are over there right now, at the same time. Awkward.......
I bet it will when the new buyers move in. Highlands Ranch refugees, perhaps?
