(MLS # FR2061729)
UPDATE: People! Check out the comment section! Zillow's very own Dave G. was here and he advises us that, not only is this homeowner bad at pricing, this homeowner is potentially bad at taxes because their failure to update the county assessor of the one-bedroom status of this home probably cost them. That is all. Carry on.
This cute little house has been on the market for 302 days and counting. What could be wrong with it? Could it be the price?
Price Reduced: 03/28/07 -- $925k to $899k
Price Reduced: 04/29/07 -- $899k to $875k
Price Reduced: 07/18/07 -- $875k to $850k
Price Reduced: 07/31/07 -- $850k to $825k
Price Reduced: 08/18/07 -- $825k to $799k (down 13.62%)
Well, according to Zillow the price looks not bad. Oh, hold up. Zillow thinks this is a three bedroom house. And, indeed, these days the listing description says it's a three bedroom house (it didn't always say that, trust me). So guess what? I've been there. It's a one-bedroom house. Yup.
So here you have two of the biggest mistakes in real estate history:
(1) Asking a million dollars for your house that has never on its best shiniest day been worth a million dollars; and
(2) Removing two of the three bedrooms that your house was originally equipped with.
Let's take a gander at the listing description:
"Sure it's been on the market forever but give this beauty another chance! Nothing wrong with this house, we're just giving it away!"
Yeah. They're giving it away. It's that big vase out front that costs $800k. The house is free (with purchase of big vase).
"Perfect for a single or a couple who love to entertain."
Yeah. Guess why it's perfect for a single or couple? ONE BEDROOM. That's why. Well, good luck with this one Mr. or Ms. Blix. I don't see your chances improving any in the coming months.