200 West Elm Street (1416)

Penthouse Condominium at the Grande Riverview
-3 bedrooms 2 bath
-1693 square feet
-$286/month Association fee
-all the amenities
-link



Purchased by Kathryn Downing and Dean Costalas
on 3/26/07 for $490,320.
Now listed for sale at $469,900.

They are asking $20,420 less than they bought if for.

308 Barefield Lane - Dropped $23,100!

-3 Bedrooms

-2 and 1/2 Baths

-2 years old

-2,100 square feet

-$80 association fee

-Purchased by Jason Frank and Leigh Ann Hayes

on 2/10/06 for $368,086.

-Was listed for sale on 1/5/07 asking $373,000.

-Now listed for sale at $349,900. Dropped $23,100.

-The owners stand to lose at least $18,186.

29 Cedar Grove Road, Conshohocken

-4 bdr 2 baths
-1732 square feet
-55 years old

-Putting on new roof
w/ warranty



Sold on 4/27/1995 for $120,000.
Sold on 2/27/2003 for $278,000.
- a gain of $158,000 or 16.78% a year.
Sold on 4/24/2006 for $321,250.
-a gain of $43,250 or 15.55% a year.
Now listed for $335,000.
-a gain of $13,750 or 2.47% a year.

That's if they get the asking price.

January Sheriff Sales- Conshohocken

212 West First Ave, Apt 18, Conshohocken

-1 Bedroom Condo-Purchased by Robert S. Frost

on 11/25/03 for $102,000

-Notice of Foreclosure on 10/2/07

-$100,947 due to Wachovia Bank

This means that Mr. Frost built up only $1053 in equity from 2003 to 2007.

518 Harry Street, Conshohocken
-2 bedroom 1 bath Built in 1875
-Rowhome across from Fellowship House
-Purchased by Nancy G. Trainer
on 5/5/03 for $125,000
-Notice of Foreclosure on 10/23/07
-$122,135 due to National City Mortgage Co.
-This means that Nancy Trainer built up only $2865 in equity in 4 years and 5 months!


382 East Hector Street, Conshohocken
-2 bedroom 1 bath built in 1920
-975 square feet
-Purchased by Craig and William Reilly
on 2/13/2007 for $214,500
-Notice of Foreclosure on 8/29/07!
-$184,988 due to Chase Mortgage Co.
-Craig and William Reilly may lose $29,512 in Equity Capital.
-This property started foreclosure proceedings 6 months and 16 days after settlement!!!!!!!

321 Erb Road, Perkiomenville

3 bedroom
2 and 1/2 baths
Built in 1987
1.75 acres
Central air
2 car garage
1 yr home warranty


Purchased by Theresa Hughes on 10/31/06 for $260,000.
Listed for sale asking $259,500.

308 Barefield Lane, Conshohocken

3 Bedrooms
2 and 1/2 Baths
2 years old
2,100 square feet
$80 association fee




Buyer pays one time capital contribution fee at closing.
However, seller offers $2,500 to buyer for closing costs.

Purchased by Jason Frank and Leigh Ann Hayes
on 2/10/06 for $368,086.
Listed for sale asking $373,000.

I really wish that we could find out what types of loans these people have.

1514 Brinton Park Drive, Wynnewood

4 bedroom
2 and 1/2 baths
2,199 square feet
Built in 1951
Full basement
Lower Merion Schools
Motivated sellers


Sold to Hilli Lidor-Inbar on 7/31/2003 for $301,000.
Sold to Erik and Robin Gold on 6/2/2006 for $465,000.
Now listed for sale at $439,000.

Hilli Lidor-Inbar's annual percentage return
= +19.175% or $164,000.

Erik and Robin Gold's maximum annual percentage return
= -3.5% or $-26,000.

26 W Front Street, Bridgeport

-4 bedroom

-1 bath

-1536 sq. feet

-Built in 1900

-Rehabbed in 2004

-Special loan programs available for purchaser

-Currently rented at $1100/month

Purchased by MVL Realty Holdings on 7/30/2004 for $133,900.

Listed for sale at $127,500.

Minimum loss of $6,000 or 4.5% not accounting for rehab expenses.

501 East Ninth Avenue

-3 Bedroom
-2 1/2 baths
-2329 Sq. feet
-$40,000 in upgrades
-Includes Plasma tv and sound system worth $12,000
-8 years old


Purchased by Liam McGuigan on 12/29/06 for $380,000.

Listed for rent at $2500 per month.

Listed for sale at $429,900.

$380,000purchase price + $40,000 upgrades + $12,000 tv system - $429,900 list price = $2,100 underwater

3000 Joshua Road - Underwater

On the corner of Joshua and Ridge-
Corner lot with extra parking
3 bedroom, 2 and 1/2 baths
2,789 sq. feet
Built 1945
Residential/Commercial Zoning
Used to be Dr. Bowen's dental office.

Purchased by Jason H. Specht on 11/16/2006 for $339,900.

Now listed for sale asking $249,900. Bank owned.

I wonder if the bank is taking a loss or not.