A waterfront Newport Beach home that reverted to the lender in May at $7,790,000 and went back on the market at $10,900,000 has sold for $9,050,000.
The 5,000-square foot, Cape Cod-style house at 2706 Bayshore Drive has 4 bedrooms and 6 baths and sits on a 7,026-square foot double lot.
The property is behind a guard gate and 2 doors down from Bayshore Beach. The home, built in 1941, has docks that can accommodate 65-foot and 38-foot yachts, plus a Duffy.
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An old listing for this house I found on the Web shows it once was offered at $23.9 million.
What other interesting or pricey bank-owned properties we should be writing about? Drop
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Home, Newport Home
While some sectors of the economy struggle to regain solid footing, the Vacation Home market is enjoying healthy numbers. http://www.ereleases.com.
Home, Vacation Home
It’s a sensational headline — “The Sellers’ Deadly Sins” — but the message is clear. Home sellers make mistakes that not only cost themselves thousands, but sometimes cost the sale, too.
NBC’s The Today Show lays it out cleanly in this 5-minute video:
- How to respond to an “insulting offer”
- How to handle the first capstan offer you receive
- What do when you can’confidentially leave your home for its Open House
- What room in the home should have being kept the neatest
But, be aware. At the video’s end, there’s a piece of advice that may sound extremely self-serving coming from a real estate professional. Don’t let it turn you off. The video’s overall message is spot-on and the advice is real-world tested.
Selling a home is a process. Make sure to do it properly.
Deadly Sins, Home