It's raining knives--311 Centre Court, 248 Cheswick Court, 3292 Washington Street
Combine a busy schedule with what looks like a Spring-bounce-ready market full of new listings, and you get a much abbreviated, but hopefully still informative, threefer post. The "appreciation" calculations are based on 4.5% yearly adjustment for inflation, 6% agent commissions, and 2009 sale at full list price (yes, I know, a likely story).
Today's gravitational cutlery includes the specimens below:
311 Centre Court, 2-bedroom, 2-bathroom townhouse, 1,720 sqft, $579,000 ($337 / sqft)
The kicker is that all three of these great investments are significantly overpriced and have very little chance of meeting my third assumption.
Today's gravitational cutlery includes the specimens below:
311 Centre Court, 2-bedroom, 2-bathroom townhouse, 1,720 sqft, $579,000 ($337 / sqft)
2009: $579,000
2004: $570,000
Appreciation*: -$166,000
248 Cheswick Court, 3-bedroom,
2 1/2-bathroom townhouse,
1,891 sqft, $679,900 $624,900 ($330 / sqft)
2009: $624,900
2008: $719,938 (foreclosure/repo, most likely, although listing disingenuously says "Not a Short Sale"
2005: $731,500
Appreciation: -$285,000
3292 Washington Street, 3-bedroom, 2-bathroom SFH, 1,563 sqft, $688,000 ($440 / sqft)
2009: $688,000It's always a great time to buy.
2005: $674,000
Appreciation: -$157,000
The kicker is that all three of these great investments are significantly overpriced and have very little chance of meeting my third assumption.
Miscellaneous