Thursday, April 13, 2006

Marinites Getting Desperate?

Make an offer!!!!!!!!!!!!!!!Horse property!!!Just reduced again!!!! $300,000.00 price reduction, must see! [Realtor BS] Property could be made into an estate or a possibility of subdividing,but must check with county.
Massive price reduction? Realtor begging buyers to make an offer? It's been on the market for 212 days! Are some sellers in Marin getting desperate or what? And then there is this plea too. Cry me a river.

9 Comments:

Anonymous Anonymous said...

The property has been reduced 20% from $2,750,000 to $2,200,000 and is 3 acres and includes a horse boarding business for 20 horses.

Apr 13, 2006, 1:52:00 PM  
Blogger sf jack said...

$550,000/212 days

~$2,600/day

I suppose it's up to the individual to decide whether that qualifies as "desperate." Then again, perhaps it was priced inordinately high from the beginning in an effort to attract a highly evolved form of a greater fool.

Actually, maybe a better way to quantify desperation would be to add up the number of exclamation points in the realtor description.

Apr 13, 2006, 2:16:00 PM  
Blogger marin_explorer said...

This comment has been removed by a blog administrator.

Apr 13, 2006, 4:03:00 PM  
Blogger marin_explorer said...

"...Property could be made into an estate or a possibility of subdividing, but must check with county"

Hmm...I wonder if that partially explains the reduction? Perhaps the county won't actually allow a subdivision? If that was divided into 10-15 homes on ~ .2 acre lots, it seems a developer could make some decent money.

Apr 13, 2006, 4:08:00 PM  
Blogger Bubble-X said...

What the F? A $300k reduction? 2 mil for 3 acres? What the hell are people growing on those farms?

Oh, yeah, and must check on the subdivision? That calls for a Puh-leeze.

Apr 13, 2006, 5:43:00 PM  
Blogger marin_explorer said...

2 mil for 3 acres? What the hell are people growing on those farms?

Of course, it's all dependent on location, and the zoning for that parcel. Without knowing more about location, it's hard to say; my guess is N. of San Rafael. I'm sure some land in Sonoma and Napa also approaches that price, if not more for prime wine/tourist areas. Perhaps MV or Athena can chime in to confirm. On the far end of insanity, can anyone guess the price of land in Tiburon/Belvedere?

Apr 13, 2006, 5:58:00 PM  
Anonymous rejunkie said...

This house is in the "Stockton of Marin" (as I heard it described elsewhere) -- Novato!

Apr 13, 2006, 9:53:00 PM  
Anonymous tom stone said...

easy to turn this into an estate,just buy,and die.

Apr 15, 2006, 2:58:00 PM  
Anonymous Anonymous said...

anyone who purchased anything in the past three years falls into one category SUCKER. p.t. barnum was right there IS a sucker born every minute. 300K reduction? LOL my take ? boy oh boy that owner and realtor are either desperate or simply greedy idiots. let the greedy feel the heat and the financial collapse - they deserve it.

Apr 15, 2006, 4:12:00 PM  

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