Sunday, August 7, 2011

Ashley Long, Part 3

Ashley Long, Home Buyer / Knife Catcher
This was from an article featured on Jan 1, 2008, Ashley Long Part I. These mainstream media bubble articles don't provide any closure. Let's see how this one turned out.

This buyer gambler thought...
I got a pretty good deal. I know this is a low market and the house is worth more than that,”
It’s the only time I’m going to be able to afford to buy in Sonoma County,”
I can’t imagine it going down a lot lower, and eventually it has to come back up. I don’t want to gamble.”

Well, let's see how much lower it is NOW!

Here is the house:
7108 Hastings Pl, Windsor, CA
4 beds, 3.0 baths, 2,032 sq ft
APN: 163-120-052-000
Sale History:
03/13/1998: $222,500
12/07/2007: $470,000

What is interesting is that Zillow shows a Sale listed months after the initial purchase.

02/01/2008 Listed for sale $485,000
03/07/2008 Listed for sale $485,000
07/11/2011 Listed for sale $345,000

$470,000 - $345,000 =
$125,000 (-26%)

Is that a "lot lower"?

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