$889,900? Who are you trying to kid?
I drove past this place a few times when it was under construction. It's on Valley Road in Clifton, the Paterson side, about a mile or so from the Paterson border.
I knew it was going to be another stucco-slathered McMansion before the first coat of mud was slapped on it's facade. However, I did think that the home was being built for someone, I didn't believe that anyone would do this to a home in this section of Clifton to actually try to sell it.
Of course, proved wrong. The home was listed 40 days ago at an astonishing $889,900. I'm sure at this point you are all yelling "where is the link?", so here it is:
Listing Link
It's a typical stucco box on a cigarette property, something on the order of 60x450 or so. Good news though, it was reduced to $869,900 a few days ago. A real steal at that price.
Who are they trying to kid?
Caveat Emptor!
Grim
I knew it was going to be another stucco-slathered McMansion before the first coat of mud was slapped on it's facade. However, I did think that the home was being built for someone, I didn't believe that anyone would do this to a home in this section of Clifton to actually try to sell it.
Of course, proved wrong. The home was listed 40 days ago at an astonishing $889,900. I'm sure at this point you are all yelling "where is the link?", so here it is:
Listing Link
It's a typical stucco box on a cigarette property, something on the order of 60x450 or so. Good news though, it was reduced to $869,900 a few days ago. A real steal at that price.
Who are they trying to kid?
Caveat Emptor!
Grim
15 Comments:
Greedy fools late to the party.
Remember in a bubble the majority lose in the end. Just the way it is.
HAHHAHAHAHAHA
Just looked at it what a shameful sight.
lol! I pass it all the time. Garrett Mountain is ready to fall on top of it! We should all contact the Realtor and make an offer in the mid $400's. In fact, even that might be too much.
I'll Buy it!!! LMAO
Grim, I think it looks better than this one which is a modular and is in a hispanic, bad schools district.
http://www.realtor.com/Prop/1053167282
The builder built about a dozen mudular homes in this cul-de=sac. But on the top of the hill he built three homes that are not modulars. Real big mansions for himself and his in laws.
Called it a 'cigarette' due to the fact that the property was so long and narrow (60x455). While the property is certainly deep. It's hardly private or a desirable shape (my own opinion).
grim
That yard might actually make for a great ski slope for the kids in the winter. Could be a useful selling tool.
"Fantastic yard complete with private ski facilities"
grim
rpatrick,
Go to this website. http://www.njactb.org/
As Grim has noted before it contains the last sales price if it was within th elast few years (I think to 1997 or even alittle earlier)
This is pretty awesome. I read the comments on this house in Mount Olive (2112869):
$1K AMEX gift certificate to SA if under contract by 11/30/05.
Let the incentives begin!!
WOW.
What a POS!.
What absolute nerve of this builder to ask this insane price for such a PO Garbage!
Hope this MFer gets burned on this house!
Grim,
I think you are doing a great service here with this blog. I am looking to buy a place in the next year or two but the catch for me is that I have a great deal of student loan debt which will consume a substantial portion of my montly income. I will be fine as long as I can keep my monthly payments at a certain level (e.g., not much more than what I'm currently paying for rent). By necessity, I need to wait until housing prices come down. I appreciate your insights and your understanding of all the market data. There are truly some absurd asking prices for real estate out there and the last thing I would want to do is overpay for a property (I can always refince into a lower interest rate, but I can never refinance the purchase price!).
I don't know when renting got a negative image, especially for the hip & young, just-out-of-college crowd. I would think someone in that position would rather rent and have the flexibility to relocate to build their career. I really don't see what advantage a home provides in that situation. Unless, of course, that someone is factoring in outrageous appreciation as a source of income.
Rents in this area are very low compared to the comparable cost to purchase. Use that to your advantage to build savings as well as to agressively pay down your debt. Is this advice? No, just good ol' common sense. I've said it before on the blog, and I'll say it again. Cash will be king in the next few years, cut back on your cost of living expenses, pay down your debt, build credit (conservatively, and only if you need to) and *SAVE*.
Caveat Emptor!
Grim
Grim:
"Cash will be king in the next few years, cut back on your cost of living expenses, pay down your debt, build credit (conservatively, and only if you need to) and *SAVE*."
Right on brother!
Good post. I have to drive by and check it out. That's not even the best area of town, I knew someone on Dumont ave who's house was routinely robbed.. cars too!
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