Thursday, December 06, 2012

High Desert WTF

Price History for 3202 Dos Palmas Rd


Date
Event
Price
Source
09/06/2012 Sold  $41,000 Public records
  Recording Date 09/06/2012
  Contract Date 08/09/2012
  Sale Price $41,000
  Price Type Full amount computed from Transfer Tax or Excise Tax.
  County Transfer Tax $45
  Transaction Type Purchase/Resale Arm's Length Residential Transaction
  Document Type Grant Deed
01/10/2012 Sold  $29,000 Public records
  Recording Date 01/10/2012
  Contract Date 12/27/2011
  Sale Price $29,000
  Price Type Full amount computed from Transfer Tax or Excise Tax.
  County Transfer Tax $32
  Transaction Type Purchase/Resale Arm's Length Residential Transaction
  Document Type Grant Deed
12/08/2010 Sold  $49,000 Public records
  Recording Date 12/08/2010
  Contract Date 12/06/2010
  Sale Price $49,000
  Price Type Full amount stated on Document.
  Transaction Type REO and Trustee Deed
  Document Type REO Repossession
01/28/2005 Sold  $170,000 Public records
  Recording Date 01/28/2005
  Contract Date 12/09/2004
  Sale Price $170,000
  Price Type Sales price computed from Transfer Tax. No indication whether tax was paid on full or partial consideration.
  County Transfer Tax $187
  Transaction Type Purchase/Resale Arm's Length Residential Transaction
  Document Type Grant Deed
07/06/1999 Sold  $28,000 Public records
  Recording Date 07/06/1999
  Contract Date 07/02/1999
  Sale Price $28,000
  Price Type Sales price computed from Transfer Tax. No indication whether tax was paid on full or partial consideration.
  County Transfer Tax $31
  Transaction Type Non-Arm's Length Transaction
  Document Type Grant Deed
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Ain't she a beauty?  Ever wonder why home prices are rising?  This is part of the reason.  01/10/12 "arms length" $29k.  Then 09/06/12 "arms length" $41k.  A matched pair qualifying for C-S inclusion.  40% annualized appreciation. 

6 comments:

Cobradriver said...

Yep. I see the same thing all over this area.

I had to run to Arcadia after work yesterday. I hadn't been that way since I bought my house. The town looks like it has came back from the depression pretty well...all the businesses looked busy. Still a ton of empty CRE though.

On the drive back to the house I saw homes that are still for sale from 6+ years ago...the old story of I want my price and I'll get it!

The parents 82 year old neighbor won't sell because it cost 100K to build her house in the early 80's. It's only worth about 75K right now. She was asked by her daughter to move in with her and her husband...

I heard her say "I'm not selling my house for a loss". LOL....

Chris

Rob Dawg said...

$100k in the early 80s is $230k now. Funny what people consider a loss.

Cinco-X said...

Cobradriver said... The parents 82 year old neighbor won't sell because it cost 100K to build her house in the early 80's. It's only worth about 75K right now. She was asked by her daughter to move in with her and her husband...
I heard her say "I'm not selling my house for a loss". LOL....


Given the financing costs of a house in the '80s, they'll probably NEVER get the money they put into it out again...Ouch!

portland_allan said...

What can you say, they aren't making clean sight-lines and a defensible perimeter any more.

Rob Dawg said...

LoL! Not just because that is funny but because I didn't say it first. Bravo.

Doesn't everyone build a sniper platform over their carport?

Lou Minatti said...

Looks like a Manson Family house. I can't imagine anyone would actually pay for this.