It was underlisted at 68K It was in great shape - but not in a good neighborhood for sure.
On Mon, Nov 19, 2012 at 11:28 AM, Randy Bennell <rbenn...@bennell.ca> wrote: > How can a bidding war result in a sale at only $73K? > > I think the value of a home around here is driven by the cost of building > a new one. > At something approaching $200 per square foot, even a modest sized home > will run close to $300 with the lot. > > Randy > > > > On 19/11/2012 11:24 AM, Peter Hertzing wrote: > >> It is amazing what a few miles can do. I grew up in Rockford, IL and my >> wife grew up in Chicago. My parents and her parents bought very much >> alike >> bungalows in the late 70s for about 30K. My parents sold their impecably >> maintained and upgreaded bungalow 30 years later in Rockford in a bidding >> war for 73K. My wife's parents still live in their house and it is worth >> upwards of 300K, with few upgrades. >> >> Odly enough, my home in Carbondale, IL has doubled in value in 12 years >> with relativly few upgrades and has dropped maybe 5% in the "great MBA >> recession". >> >> Peter >> >> On Mon, Nov 19, 2012 at 10:51 AM, Randy Bennell <rbenn...@bennell.ca> >> wrote: >> >> I think I commented in an earlier post about visiting my wife's uncle and >>> family in Chicago back in the 70's when we were enroute to visit her >>> grandparents in Ohio. >>> >>> I google searched to see what their house looked like now and was >>> surprised to see that it sold in 2010 for $90K. >>> This is a basic 3 BR raised bungalow with a developed basement and a 2 >>> car >>> garage in a reasonably decent part of town. >>> >>> If that were here where I am, it would sell for something in excess of >>> $300K. >>> >>> I know things are / were bad in the USA in many areas but "wow". >>> >>> I also know that areas like Phoenix seemed to take a big hit as I know a >>> bunch of folks who have bought places down there to enjoy in the winter >>> sort of like having a cottage. >>> >>> So, how widespread is this? >>> >>> Another of my wife's uncles was here a couple of years back from New >>> Hampshire and he said at that time, that he did not think the housing >>> value >>> had been affected much where they were. >>> >>> Randy >>> >>> >>> > > ______________________________**_________ > http://www.okiebenz.com > For new and used parts go to www.okiebenz.com > To search list archives > http://www.okiebenz.com/**archive/<http://www.okiebenz.com/archive/> > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/**mailman/listinfo/mercedes_**okiebenz.com<http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com> > _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
