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Old 10-10-2018, 03:57 PM
 
2,561 posts, read 2,180,727 times
Reputation: 1672

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Quote:
Originally Posted by My Kind Of Town View Post
Don't worry, C/D cracked this case. We found out where Wase lived. We just need to pretend that the 2013 and 2014 sales at 551 Phillippa never occurred.

In all seriousness, the $355k sale in 2018 compared to the $500k sale in 2005 is an outlier in this area (a would be 29% drop if the two sales in between in 2013 and 2014 are ignored). Also guessing there's something else going on with that property since it's been a rental several years recently and sold 3 times over the past 5 years. Potentially deferred maintenance and other issues that often accompany a rental property is my guess. Again, an outlier and not representative of the local market, which was the picture portrayed earlier in this thread...
This is some very good due diligence.
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Old 10-10-2018, 04:01 PM
 
Location: Brackenwood
9,977 posts, read 5,677,344 times
Reputation: 22131
Quote:
Originally Posted by fusillirob1983 View Post
That's some research, but even for individual properties, you'd probably need far more due diligence than just looking at buy/sell prices as sufficient due diligence to support what wase stated. He may be one of those that just wanted to sell and get out as he seems to be saying.
The guy's house was on the market for a year. How much longer should he have waited?




Quote:
Originally Posted by My Kind Of Town View Post
1. 17% loss and 2006 prices were 5-10% higher already than 2005 prices..
2. Sold in 2008 for $248k. Where do you see $768k?
In the September 3, 2003 sale record.

Quote:
Originally Posted by My Kind Of Town View Post
3. Sold in 2001 for $350k. Where do you see $700k?
In the April 6, 2001 sale record.

Quote:
Originally Posted by My Kind Of Town View Post
4. Has not sold since 2006.
Yes it has.

Quote:
Originally Posted by My Kind Of Town View Post
Where do you see $314k?
In the April 25, 2018 sale record.

Quote:
Originally Posted by My Kind Of Town View Post
5. Is this even in Hinsdale?
Yes.

Quote:
Originally Posted by My Kind Of Town View Post
6. 29% - THIS is your only good example
No it's not.


Quote:
Originally Posted by My Kind Of Town View Post
LOL. Yea, he's definitely got some errors in the numbers he cited as indicated in my above post. For someone to think a 5,000+ sq ft Hinsdale house with 5 beds and 3.5 baths that once sold for $1.37M now sold for $314k is, well, downright hilarious..
Yeah, just take a look at how totally off-base I was and let the side-splitting hilarity ensue.

Now I don't know if that particular house burned to the ground or they found black mold or a stash of mummified corpses, or maybe the leading "1" got left off the recorded sale price in a scrivener's error, or maybe it really did sell for that little. But it's not like I'm hanging my hat on just that one example, and I'm sure I could dig up plenty more if I had the time or inclination.
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Old 10-10-2018, 04:06 PM
 
2,561 posts, read 2,180,727 times
Reputation: 1672
Quote:
Originally Posted by Bitey View Post
The guy's house was on the market for a year. How much longer should he have waited?


If you're talking about wase, I haven't questioned his motives for selling his house or his need to sell based on how long he waited. As another poster pointed out, it appears to have sold 3 times in the past 5 years, so there could be other issues unrelated to the overall market.
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Old 10-10-2018, 04:08 PM
 
3,496 posts, read 2,186,798 times
Reputation: 1950
Quote:
Originally Posted by Bitey View Post
The guy's house was on the market for a year. How much longer should he have waited?





In the September 3, 2003 sale record.


In the April 6, 2001 sale record.


Yes it has.


In the April 25, 2018 sale record.


Yes.


No it's not.



Yeah, just take a look at how totally off-base I was and let the side-splitting hilarity ensue.

Now I don't know if that particular house burned to the ground or they found black mold or a stash of mummified corpses, or maybe the leading "1" got left off the recorded sale price in a scrivener's error, or maybe it really did sell for that little. But it's not like I'm hanging my hat on just that one example, and I'm sure I could dig up plenty more if I had the time or inclination.
Links to support your sales data??
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Old 10-10-2018, 04:14 PM
 
3,496 posts, read 2,186,798 times
Reputation: 1950
Here's the 525 Morris Lane property for example. When exactly did it sell after the 2006 sale? Your data is bogus Bitey.

https://www.dupageco.org/PropertyInformation.aspx


Document Number Date of Instrument Net Consideration Sale Details
R2000-105314 06/2000 $815,000.00 View Details (PDF)
R2005-099993 05/2005 $1,200,000.00 View Details (PDF)
R2006-187100 09/2006 $1,336,500.00 View Details (PDF)
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Old 10-10-2018, 04:15 PM
 
Location: Brackenwood
9,977 posts, read 5,677,344 times
Reputation: 22131
Quote:
Originally Posted by fusillirob1983 View Post
If you're talking about wase, I haven't questioned his motives for selling his house or his need to sell based on how long he waited.
Well, except for the part where I literally just quoted you doing precisely that.

Quote:
Originally Posted by fusillirob1983 View Post
As another poster pointed out, it appears to have sold 3 times in the past 5 years, so there could be other issues unrelated to the overall market.
What appears to have sold 3 times in the past 5 years?


Quote:
Originally Posted by My Kind Of Town View Post
Here's the 525 Morris Lane property for example. When exactly did it sell after the 2006 sale? Your data is bogus Bitey.

https://www.dupageco.org/PropertyInformation.aspx


Document Number Date of Instrument Net Consideration Sale Details
R2000-105314 06/2000 $815,000.00 View Details (PDF)
R2005-099993 05/2005 $1,200,000.00 View Details (PDF)
R2006-187100 09/2006 $1,336,500.00 View Details (PDF)
I got my information from the link I already sent to you. Like I already said, if you want to throw that one out as being an outlier, go right ahead. I provided several other examples for your amusement.
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Old 10-10-2018, 04:21 PM
 
3,496 posts, read 2,186,798 times
Reputation: 1950
Quote:
Originally Posted by Bitey View Post
Well, except for the part where I literally just quoted you doing precisely that.


What appears to have sold 3 times in the past 5 years?



I got my information from the link I already sent to you. Like I already said, if you want to throw that one out as being an outlier, go right ahead. I provided several other examples for your amusement.
You’re using Realtor.com for sales data, not the County Assessor’s site? Now THAT is hilarious
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Old 10-10-2018, 04:23 PM
 
3,496 posts, read 2,186,798 times
Reputation: 1950
No wonder more than half the info you cited was bunk.
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Old 10-10-2018, 04:28 PM
 
3,496 posts, read 2,186,798 times
Reputation: 1950
Here’s Foxgate:

https://www.dupageco.org/PropertyInformation.aspx

I think I’ve proven my point. Do NOT use Realtor.com for historical sales data
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Old 10-10-2018, 05:03 PM
 
2,561 posts, read 2,180,727 times
Reputation: 1672
Quote:
Originally Posted by Bitey View Post
Well, except for the part where I literally just quoted you doing precisely that.


What appears to have sold 3 times in the past 5 years?


1. Yeah, I said he must've wanted out. I'm not sure what point you're trying to make.

2. The 551 Phillipa Street property that others are discussing, so that could be having other issues that don't reflect upon the overall market.
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