House Previously Owned by Mark McGwire Turns Into a Flopped Flip

A home previously owned by baseball great [tag-tec]Mark McGwire[/tag-tec] has a new selling price.

That makes four reductions, if I can count correctly.

FlipperA home previously owned by baseball great [tag-tec]Mark McGwire[/tag-tec]  has a  new selling price.

 

That makes four reductions, if I can count correctly.

 

According to a report brought to us by the Irvine Housing Blog  the Shady Canyon home in Irvine, CA  was first reduced on 6/28/06  from $4,195,000 to $4,050,000.

 

8/23/06- $3,950,000

 

10/13/06- 3,850,000

 

An update  by a reader informs us that the flipper who had bought it from [tag-ice]Mark McGwire[/tag-ice] is now asking $3,695,000.

 

The flipper  is apparently taking a big hit on the 4240 sq.ft. manse.

 

Here’s a good report on what not to do with a flip.

 

Read More

 

 

Most Ridiculous Listing Category

 

It’s also  in Irvine, CA and  yes, it really is on the market for $659,900.

 

I know, we thought it was a joke too at first.

 

However, it is a real house, not a shed,  and they really are asking way over a half mil for it. 

 

Why?

 

But it really has four bedrooms if you are counting a den being used as a bedroom.  I’m not sure how they can tell, however, underneath all that foliage, but maybe that’s just me.  I really prefer  non-foliage [tag-self]housing[/tag-self] myself.

 

But that may be because I’m  such a neat nick.  I like to see good lines on  house, not varicose veined vines.

 

This goes to show how crazy the market is  still getting in some areas.

 

Read More   

Leave a Reply