Comments on: Parkside Alexandria Auction: The Results Show http://blog.franklyrealty.com/2007/10/parkside-alexandria-auction-results.html Tue, 02 Mar 2010 02:11:05 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: FRANK LL0SA Va Broker- BLOG.FranklyRealty.com http://blog.franklyrealty.com/2007/10/parkside-alexandria-auction-results.html/comment-page-1#comment-2489 FRANK LL0SA Va Broker- BLOG.FranklyRealty.com Thu, 03 Jan 2008 01:14:00 +0000 http://franktempblog.wordpress.com/2007/10/29/parkside-alexandria-auction-the-results-show/#comment-2489 Hey Ryan,<br/>How do you know about unit 1653's purchase price? It wasn't in the tax records.<br/><br/>As for the other units, many of the 2bdrs with 2 levels went for $280k.<br/><br/>Two for sale at $270k and 275k are 1 bedrooms.<br/><br/>The other three are a short sales and were bought in 2005. The Short Sales are "fake" since the bank only approves 1 in 20.<br/><br/>I dont think anybody is flipping their units yet. Let me know if I'm wrong. <br/><br/>I have a blog coming up about why short sales are fake.<br/><br/>The only real listing is for $290k. About the same price as the auction. But don't forget some face a highway and some are end units facing a courtyard. You have to compare apples to apples. Hey Ryan,
How do you know about unit 1653’s purchase price? It wasn’t in the tax records.

As for the other units, many of the 2bdrs with 2 levels went for $280k.

Two for sale at $270k and 275k are 1 bedrooms.

The other three are a short sales and were bought in 2005. The Short Sales are “fake” since the bank only approves 1 in 20.

I dont think anybody is flipping their units yet. Let me know if I’m wrong.

I have a blog coming up about why short sales are fake.

The only real listing is for $290k. About the same price as the auction. But don’t forget some face a highway and some are end units facing a courtyard. You have to compare apples to apples.

]]> By: Ryan http://blog.franklyrealty.com/2007/10/parkside-alexandria-auction-results.html/comment-page-1#comment-2488 Ryan Mon, 31 Dec 2007 18:02:00 +0000 http://franktempblog.wordpress.com/2007/10/29/parkside-alexandria-auction-the-results-show/#comment-2488 1653A, 3br - Auctioned for 359k, current asking price on MLS: 340k<br/><br/>the two bedrooms sold in the auction for around 300k. Several 2br's for sale now for 270-280k, asking price.<br/><br/>Looks like this auction wasn't a great deal! Buyers wont even get back close to what they paid, even if they were to actually get full asking price. 1653A, 3br – Auctioned for 359k, current asking price on MLS: 340k

the two bedrooms sold in the auction for around 300k. Several 2br’s for sale now for 270-280k, asking price.

Looks like this auction wasn’t a great deal! Buyers wont even get back close to what they paid, even if they were to actually get full asking price.

]]> By: FRANK LL0SA Va Broker- BLOG.FranklyRealty.com http://blog.franklyrealty.com/2007/10/parkside-alexandria-auction-results.html/comment-page-1#comment-2487 FRANK LL0SA Va Broker- BLOG.FranklyRealty.com Thu, 15 Nov 2007 20:48:00 +0000 http://franktempblog.wordpress.com/2007/10/29/parkside-alexandria-auction-the-results-show/#comment-2487 I haven't heard anything about the developer renting units. Maybe units are being rented by those that bought units. I haven’t heard anything about the developer renting units. Maybe units are being rented by those that bought units.

]]> By: Anonymous http://blog.franklyrealty.com/2007/10/parkside-alexandria-auction-results.html/comment-page-1#comment-2486 Anonymous Thu, 15 Nov 2007 20:09:00 +0000 http://franktempblog.wordpress.com/2007/10/29/parkside-alexandria-auction-the-results-show/#comment-2486 Rumor has it that the complex now is advertising the units are available for rent. I guess the auction did not work out after all? Rumor has it that the complex now is advertising the units are available for rent. I guess the auction did not work out after all?

]]> By: Anonymous http://blog.franklyrealty.com/2007/10/parkside-alexandria-auction-results.html/comment-page-1#comment-2485 Anonymous Mon, 05 Nov 2007 18:43:00 +0000 http://franktempblog.wordpress.com/2007/10/29/parkside-alexandria-auction-the-results-show/#comment-2485 Yes, the greater fool still lives even 2 years after peak. They are just not worth the money spent, period. Yes, the greater fool still lives even 2 years after peak. They are just not worth the money spent, period.

]]> By: zapoteca http://blog.franklyrealty.com/2007/10/parkside-alexandria-auction-results.html/comment-page-1#comment-2484 zapoteca Sat, 03 Nov 2007 08:40:00 +0000 http://franktempblog.wordpress.com/2007/10/29/parkside-alexandria-auction-the-results-show/#comment-2484 Thanks for letting us know how it turned out. If I were a realtor, i would've voted for you. Best of luck. Thanks for letting us know how it turned out. If I were a realtor, i would’ve voted for you. Best of luck.

]]> By: kh http://blog.franklyrealty.com/2007/10/parkside-alexandria-auction-results.html/comment-page-1#comment-2483 kh Thu, 01 Nov 2007 23:50:00 +0000 http://franktempblog.wordpress.com/2007/10/29/parkside-alexandria-auction-the-results-show/#comment-2483 Thanks for the report Frank.<br/><br/>I really appreciate it. Thanks for the report Frank.

I really appreciate it.

]]> By: GoBullets http://blog.franklyrealty.com/2007/10/parkside-alexandria-auction-results.html/comment-page-1#comment-2482 GoBullets Tue, 30 Oct 2007 18:45:00 +0000 http://franktempblog.wordpress.com/2007/10/29/parkside-alexandria-auction-the-results-show/#comment-2482 I attended the auction, but did not bid. I am in the market, but don't like the location of these units. I must say it seemed like a very well executed event by the auction company. Given that they sold all the units at roughly the same price (after adjusting for the number of bedrooms), which was well above the minimum bid prices, I assume the developer was pleased with the outcome. I attended the auction, but did not bid. I am in the market, but don’t like the location of these units. I must say it seemed like a very well executed event by the auction company. Given that they sold all the units at roughly the same price (after adjusting for the number of bedrooms), which was well above the minimum bid prices, I assume the developer was pleased with the outcome.

]]> By: Anonymous http://blog.franklyrealty.com/2007/10/parkside-alexandria-auction-results.html/comment-page-1#comment-2481 Anonymous Tue, 30 Oct 2007 15:55:00 +0000 http://franktempblog.wordpress.com/2007/10/29/parkside-alexandria-auction-the-results-show/#comment-2481 The auction marketing company is a national firm with headquarters in Boston and San Fransico. The company is Acclerated Marketing Partners. www.acceleratedmp.com The auction marketing company is a national firm with headquarters in Boston and San Fransico. The company is Acclerated Marketing Partners. http://www.acceleratedmp.com

]]> By: FRANK LL0SA Va Broker- BLOG.FranklyRealty.com http://blog.franklyrealty.com/2007/10/parkside-alexandria-auction-results.html/comment-page-1#comment-2480 FRANK LL0SA Va Broker- BLOG.FranklyRealty.com Mon, 29 Oct 2007 21:50:00 +0000 http://franktempblog.wordpress.com/2007/10/29/parkside-alexandria-auction-the-results-show/#comment-2480 Yes they used Accelerated, an out of state auction company. Their press release should have the exact name.<br/><br/>Thanks for voting D'Ann! Yes they used Accelerated, an out of state auction company. Their press release should have the exact name.

Thanks for voting D’Ann!

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