Vancouver indvidual property sales details

[rofina]

yes, fantastic deals out there at record low mortgage rates.
Smart money is out there looking - dumb money are posting sour
messages on real estate blog sites.

How is borrowing money at emergency rates smart? Btw, this is a forum, not a blog. You're so smart. Why aren't you buying?

I bought. We are one family and need one house.

How long do emergency rates last? Why don't you ask
how long the fixed mortgage is?

I might renew my mortgage early at 10 year fixed if I can get one for around 3.75%. Kindof a no-brainer

I renewed 10 years at 3.83%. Pretty amazing.

[Geyser]

I renewed 10 years at 3.83%. Pretty amazing.

Assuming that you are like me and have no desire to take today's temporary paper profits, that sounds like a "smart money" move to me. Congratulations.

[timber2012]

timber
that house is old fixer upper, three suite on standard size lot.
I see a money pit. Still, it sold for 900K
Must have decent revenue.
A buyer looking for a home isn't interested in this one. This is
pure investment purchase.

You're right - I just am so used to typing W rather than E. It's an Eastside home.

Judging from the outside of the home, it looked like a nice character home that someone could throw an additional $200K into and have that new home feel. I actually thought it sold for relatively cheap - but you know more about this subset of the market than I do.

[eyesthebye]

"rofina"
I renewed 10 years at 3.83%. Pretty amazing.

wowser!!! Security and certainty for 10 years!
I'm sure this is becoming far more commonplace
than bear would admit.
++++1

[eyesthebye]

timber
that house is old fixer upper, three suite on standard size lot.
I see a money pit. Still, it sold for 900K
Must have decent revenue.
A buyer looking for a home isn't interested in this one. This is
pure investment purchase.

You're right - I just am so used to typing W rather than E. It's an Eastside home.

Judging from the outside of the home, it looked like a nice character home that someone could throw an additional $200K into and have that new home feel. I actually thought it sold for relatively cheap - but you know more about this subset of the market than I do.

I like the neighbourhood, I like the house, love the street with consistent row of character homes.
I question how much work is actually needed in the home. Walls
are still lathe and plaster so electrical could also be outdated.
I don't like the fact that it was formatted as revenue rather
than a family home with just 1 mortgage helper.
Strangely, if the seller removed the extra suite upstairs
and formatted as family home they probably would have sold it
for more money even with the reduced income.

I think 900K is about right considering all of the above.

[eyesthebye]

509 30TH AVE E
MLS® V981538
33x143sqft
2230sqft house built 1960
$859,000
SOLD for $868,000 on 3-Dec-2012 after 5 days on the market

Open House, Dec 1st & 2nd, 2-4PM. Excellent renovators special. Lots of potential in a great location. 2 bedroom legal basement suite. Note: Large 33x143.6 SF lot with lane. Offers if any, to be considered on Dec 3rd.

[red_lantern]

SERIOUSLY? WOW someone actually paid over asking for this place, it's a dump inside. Need at least $200,000 to renovate it up to current standards.
Needs new electrical, plumbing, drain tile, roof, total basement reno, new kitchen, bath, among a few other things, totally not worth it.

[HAM]

SERIOUSLY? WOW someone actually paid over asking for this place, it's a dump inside. Need at least $200,000 to renovate it up to current standards.
Needs new electrical, plumbing, drain tile, roof, total basement reno, new kitchen, bath, among a few other things, totally not worth it.

You should of seen what my place looked like. I can't believe the guy that bought my home paid what he did. What would we do without idiots in this world?

[eyesthebye]

SERIOUSLY? WOW someone actually paid over asking for this place, it's a dump inside. Need at least $200,000 to renovate it up to current standards.
Needs new electrical, plumbing, drain tile, roof, total basement reno, new kitchen, bath, among a few other things, totally not worth it.

You should of seen what my place looked like. I can't believe the guy that bought my home paid what he did. What would we do without idiots in this world?

land value - not home.
This 4719sqft lot means a new home of 3303sqft can be built on the site.
Std 33x122 size lot redevelopment only carries 2818sqft maximum.

Can't see the forest because the trees are in the way?

[Geyser]

Yep, land prices always go up, even when they go down.

[eyesthebye]

Yep, land prices always go up, even when they go down.

says the 50-ish Geezer without land

[HAM]

Yep, land prices always go up, even when they go down.

says the 50-ish Geezer without land

And you borrowed yours from the bank

[Geyser]

says the 50-ish Geezer without land

Wrong again and a bit sarcastic too so I'll respond in kind.

Frankly I think I'm happier as an old retired guy in a comfortable position rather than being younger wage slave weighed down by a huge mortgage on an ugly and rapidly depreciating old house in the wrong end of town. But hey, that's just me, different strokes for different folks eh.

As an aside, I'd gladly sell some of my land to be 50-ish again, provided I can stay retired and keep the experience and assets I've gained over the years between then and now.

Actually, most of the land my wife and I own is under my wife's name but I think she'd love to see me looking 50-ish again too.

[red_lantern]

509 30TH AVE E
MLS® V981538
33x143sqft
2230sqft house built 1960
$859,000
SOLD for $868,000 on 3-Dec-2012 after 5 days on the market

Open House, Dec 1st & 2nd, 2-4PM. Excellent renovators special. Lots of potential in a great location. 2 bedroom legal basement suite. Note: Large 33x143.6 SF lot with lane. Offers if any, to be considered on Dec 3rd.

In that case must have been a developer that purchased this property to tear the house down and build one mansion or 2 smaller houses on this large lot.
I dont' think the average joe would buy this for that price and spend 200,000 on a reno, so not worth it but I see if a developer purchased then that's a different story. A rich developer..lol

[DAB]

SERIOUSLY? WOW someone actually paid over asking for this place, it's a dump inside. Need at least $200,000 to renovate it up to current standards.
Needs new electrical, plumbing, drain tile, roof, total basement reno, new kitchen, bath, among a few other things, totally not worth it.

I can't believe the guy that bought my home paid what he did. What would we do without idiots in this world?

That is the comment made by bears for the past 10 years. What you don't see value, someone else does. It's all about supply & demand.