08-22-2019, 01:30 PM
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Quote:
Originally Posted by
Copanut
A person would have to be really stupid to do that. Like my sister in law who did exactly that.
It's not crazy at all, if it is a home someone really wants in a location they want to be in with nothing else that is similar then why not. They may need to move right now so why settle on various other things. I'd overpay $10k if it was a home I planned to be in 10-20years vs another situation where I'd be unhappy for a few years. You will likely make it up over your ownership. We had that happen once.
Technically the appraisal is wrong just not to the bank, it is worth that price since someone is willing to pay it but the bank isnt willing to risk it.
08-22-2019, 01:56 PM
Location: Mid-Atlantic
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Quote:
Originally Posted by
Knepper3
It's not crazy at all, if it is a home someone really wants in a location they want to be in with nothing else that is similar then why not. They may need to move right now so why settle on various other things. I'd overpay $10k if it was a home I planned to be in 10-20years vs another situation where I'd be unhappy for a few years. You will likely make it up over your ownership. We had that happen once.
Would you overpay by 100K? My sister in law was upside down for the 10 years she lived there. Homes were selling for less than building costs. Sometimes it pays to listen to the bank appraiser.
08-22-2019, 03:44 PM
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Ok well I'd agree that is crazy in almost all situations unless you just have money to burn with millions in savings. Even then not smart but with that much $ you can afford to be crazy
08-22-2019, 04:05 PM
Location: Lebanon Heights
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Quote:
Originally Posted by
Knepper3
I don't agree. Aside from the various costs/issues with any municipality setting up a licensing program or tax (a city transfer tax if under so many months of ownership??). I think there would be a great deal of issues trying to do this and in the end they might just cause flippers/rehabbers to look elsewhere thus not getting the revenue AND not improving the area.
That's a fair point. Basically, I'm just tossing out some conjecture based on the perennial problem of how do you protect markets from the unscrupulous or just plain inexperienced and incompetent. I assume the building permit and code enforcement processes are doing a lot of work here (assuming the rehabbers are getting all necessary permits, etc. etc.).
On taxes, yea nobody likes taxes. My perennial bugaboo is the reassessment of recent purchasers -- just looking for anyone else to share in the pain. More frequent reassessments is the easy solution. I guess I could get more taxes from rehabbers and long-term residents if we grabbed an extra 1% from anyone who sells a property for more than 200% of its assessed value (with the theory being that these folks have been getting a free ride for a long time, and they need to pay up on the way out)?!
09-03-2019, 05:33 AM
Location: Lebanon Heights
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Bumping this thread again for yet another Dormont rehab. This one looks more likely than the other to fetch this initial asking price. The rehab here represents what appears to be a very efficient turnarnound, with the rehabber purchasing the home from a bank for around 145k in just March 2019.
https://www.realtor.com/realestatean...6_M46790-50764
09-03-2019, 08:14 AM
Location: Pennsylvania/Maine
3,711 posts, read
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Quote:
Originally Posted by
Doowlle34
Bumping this thread again for yet another Dormont rehab. This one looks more likely than the other to fetch this initial asking price. The rehab here represents what appears to be a very efficient turnarnound, with the rehabber purchasing the home from a bank for around 145k in just March 2019.
https://www.realtor.com/realestatean...6_M46790-50764
Nice home and still retains its original charm. I would have painted the white aluminum siding. Espy has the best homes in Dormont.
09-03-2019, 11:06 AM
Location: Marshall-Shadeland, Pittsburgh, PA
32,616 posts, read
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Reputation: 19102
Quote:
Originally Posted by
Doowlle34
Bumping this thread again for yet another Dormont rehab. This one looks more likely than the other to fetch this initial asking price. The rehab here represents what appears to be a very efficient turnarnound, with the rehabber purchasing the home from a bank for around 145k in just March 2019.
https://www.realtor.com/realestatean...6_M46790-50764
Quote:
Originally Posted by
zalewskimm
Nice home and still retains its original charm. I would have painted the white aluminum siding. Espy has the best homes in Dormont.
That home is lovely! I also like how they didn't tear down all the interior walls for this "open concept" fad that will be hard to "undo" if having individually-functioning rooms is trendy again someday (cough...flippers are ruining the historic housing stock in Lawrenceville this way...cough).
I realize a flipper wants to spend as little as possible to maximize their return. If I were to buy this house to permanently live within it I'd actually fully remove that second-story aluminum siding and try to restore it to whatever material was original to the home (ramshackle wood siding perhaps?)
09-03-2019, 11:39 AM
Location: Manchester
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Quote:
Originally Posted by
SteelCityRising
That home is lovely! I also like how they didn't tear down all the interior walls for this "open concept" fad that will be hard to "undo" if having individually-functioning rooms is trendy again someday (cough...flippers are ruining the historic housing stock in Lawrenceville this way...cough).
Might even be original shingles under there. I took the aluminum siding off the front eave of my porch, and there they were, with all original wooden details just waiting for a new coat of paint.
The only thing I do not like about that house is the open kitchen/dining room. They should have just utilized the original doorway that lead to the hall of the kitchen or perhaps closed it up and moved the trim over or something. Just seems very strange to have two doors side by side like that. Overall great job though.
09-03-2019, 11:44 AM
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Yeah I think they did a great job keeping the original but still giving a modern feel people will like. I like an open floor plan but this still felt open. I actually felt like they did less to this home than the other but they might have restored all the woodwork and who knows what else. I agree on the white siding. I dont love the white and then aluminum makes it feel dated and cheaper. We have an addition which was white and I repainted white when we bought, that is my #1 project for next spring to get some color on it.
09-03-2019, 11:46 AM
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Oh and maybe just me but I really don't like to color choice for the kitchen counter seating area. I love the fireplace green but don't love that blue right next to it
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Mean house or condo value by units in structure - 1, detached ($)
Mean house or condo value by units in structure - 1, attached ($)
Mean house or condo value by units in structure - 2 ($)
Mean house or condo value by units in structure by units in structure - 3 or 4 ($)
Mean house or condo value by units in structure - 5 or more ($)
Mean house or condo value by units in structure - Boat, RV, van, etc. ($)
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Commute - mean travel time to work (minutes)
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Travel time to work - 60 to 89 minutes (%)
Travel time to work - 60 to 89 minutes (% change since 2000)
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Travel time to work - 90 or more minutes (% change since 2000)
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Median year house/condo built
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Year house built - Built 1960 to 1969 (%)
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Average household size
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Average household size - Black or African American
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Occupied housing units (%)
Vacant housing units (%)
Owner occupied housing units (%)
Renter occupied housing units (%)
Vacancy status - For rent (%)
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Vacancy status - Rented or sold, not occupied (%)
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Residents with income below the poverty level (%)
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Poverty status for native-born residents (%)
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Poverty among high school graduates not in families (%)
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1996 Presidential Elections Results (%) - Democratic Party (Clinton)
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2000 Presidential Elections Results (%) - Democratic Party (Gore)
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2004 Presidential Elections Results (%) - Democratic Party (Kerry)
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2008 Presidential Elections Results (%) - Democratic Party (Obama)
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2016 Presidential Elections Results (%) - Democratic Party (Clinton)
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Educational Attainment - No schooling completed (%)
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School enrollment - Not enrolled (%)
Median number of rooms in houses and condos
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Housing units lacking complete kitchen facilities (%)
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Urban houses (%)
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Mortgage status - with mortgage (%)
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Mortgage status - with home equity loan (%)
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Geographical mobility - Same house 1 year ago (%)
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Housing units in structures - 1, detached (%)
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Housing units in structures - 50 or more (%)
Housing units in structures - Mobile home (%)
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House/condo owner moved in on average (years ago)
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Means of transportation to work - Drove car alone (%)
Means of transportation to work - Carpooled (%)
Means of transportation to work - Public transportation (%)
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Working at home (%)
Industry diversity
Most Common Industries - Agriculture, forestry, fishing and hunting, and mining (%)
Most Common Industries - Agriculture, forestry, fishing and hunting (%)
Most Common Industries - Mining, quarrying, and oil and gas extraction (%)
Most Common Industries - Construction (%)
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Most Common Industries - Public administration (%)
Occupation diversity
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Most Common Occupations - Fire fighting and prevention, and other protective service workers including supervisors (%)
Most Common Occupations - Law enforcement workers including supervisors (%)
Most Common Occupations - Food preparation and serving related occupations (%)
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Most Common Occupations - Natural resources, construction, and maintenance occupations (%)
Most Common Occupations - Farming, fishing, and forestry occupations (%)
Most Common Occupations - Construction and extraction occupations (%)
Most Common Occupations - Installation, maintenance, and repair occupations (%)
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People in Group quarters - Institutionalized population (%)
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People in Group quarters - Orthopedic wards and institutions for the physically handicapped (%)
People in Group quarters - Wards in general hospitals for patients who have no usual home elsewhere (%)
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People in Group quarters - Training schools for juvenile delinquents (%)
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People in Group quarters - Type of juvenile institution unknown (%)
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People in Group quarters - Military quarters (%)
People in Group quarters - On base (%)
People in Group quarters - Barracks, unaccompanied personnel housing (UPH), (Enlisted/Officer), ;and similar group living quarters for military personnel (%)
People in Group quarters - Transient quarters for temporary residents (%)
People in Group quarters - Military ships (%)
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People in Group quarters - Agriculture workers' dormitories on farms (%)
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People in Group quarters - Crews of maritime vessels (%)
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Residents speaking English at home (%)
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Residents speaking other language at home - Born in the United States (%)
Residents speaking other language at home - Native, born elsewhere (%)
Residents speaking other language at home - Foreign born (%)
Class of Workers - Employee of private company (%)
Class of Workers - Self-employed in own incorporated business (%)
Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
Class of Workers - State government workers (%)
Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
House heating fuel used in houses and condos - Fuel oil, kerosene, etc. (%)
House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)
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