Tuesday, September 30, 2014
The asking price was 26% over the tax-assessed value. There is an underground oil tank, and the property sits on a 7200sf lot, with a zoning of SFR 5000. Builders would be interested in purchasing this property for the possibility to build two houses on this site.
The house was on the market for five days, before the out-of-town seller accepted offers.There were seven offers received, six of which were all cash, a few that were for more than the listing price.
Sounds like a Seller's market to me!
Investors, best to look for off-market deals.