Short Sale At $65,000

July 16th, 2013 · 7 Comments

Peoria, Arizona home.  Purchased for $113,500 in 2001.  Refinanced in June 2007 for $176,000.  Sold as a short sale in 2013 for $65,000.  These are photos from 2013.

ugly curb appeal front yard short sale Peoria Arizona home house real estate photo

Being very conservative, let’s assume in 6 years they paid down their original mortgage to $110,000 by 2007.  The refi difference would be $66,000.  Cash-out refi?  To pay off other debts?  Or to remodel the home?  Let’s see if they remodeled.

First stop, the kitchen.  Doesn’t look remodeled.

ugly kitchen cabinets appliances removed dirty fixer-upper short sale Peoria Arizona home house real estate photo

Appliances are missing.

ugly kitchen stove missing dirty fixer-upper short sale Peoria Arizona home house real estate photo

Now the family room.

ugly family room hoard piles of junk dirty fixer-upper short sale Peoria Arizona home house real estate photo

And then we look up.  Ugh.

ugly family room ceiling damage peeling dirty fixer-upper short sale Peoria Arizona home house real estate photo

No money spent on new flooring in the living room.

ugly living room flooring vinyl tiles peeling missing dirty fixer-upper short sale Peoria Arizona home house real estate photo

Nor on new doors.

ugly damaged door dirty fixer-upper short sale Peoria Arizona home house real estate photo

Nor windows.

ugly boarded up window dirty fixer-upper short sale Peoria Arizona home house real estate photo

Let’s see if they put money into new landscaping in the back yard.

ugly back yard piles of junk garbage hoarding fixer-upper short sale Peoria Arizona home house real estate photo

The buyer gets to deal with this.

ugly back yard piles of junk garbage hoarding fixer-upper short sale Peoria Arizona home house real estate photo

And this.

ugly back yard piles of junk garbage hoarding fixer-upper short sale Peoria Arizona home house real estate photo

Wait.  Are those new doors?  And newer fencing too.

ugly back yard piles of junk garbage hoarding fixer-upper short sale Peoria Arizona home house real estate photo

Tags: Flooring · Curb Appeal · Living Room · Family Room · Kitchen · Back Yard · Garbage and/or Junk · Peoria, AZ Homes · Dirt, Dust, & Filth · Fence or Wall · Fixer-Upper · Ceiling · Drywall Damage · Hall of Shame - Messy

7 responses so far ↓

  • 1 Matt // Jul 16, 2013 at 1:34 pm

    Wow.

  • 2 Mary Withrow // Jul 16, 2013 at 1:50 pm

    I wouldnt have gave them that!

  • 3 Picky // Jul 16, 2013 at 3:47 pm

    Wow, someone must be desperate. $65,000 for this mess? A short sale, yet a lot of their belongings were shoved into the family room and out the sliding door to the back yard. They would have had time to pack up and move. Don’t even want to guess what clean up and repair will cost.

  • 4 mo // Jul 17, 2013 at 4:15 pm

    no doubt partied with the 66 thou, and then as most short sales go, got to live payment free for a year or two.
    poor babies, bank taking advantage of them like that!

  • 5 Liz // Jul 18, 2013 at 8:53 am

    Looks like it should be condemned

  • 6 Tim // Sep 1, 2013 at 11:40 pm

    Backyard landscaping is lovely!

  • 7 zrcalo // Mar 29, 2014 at 1:01 am

    LMAO. You can buy homes that look BETTER than this for 15k in phoenix. why would anyone pay anything more than 20k for that one? no wonder banks are desperate. nobody wants to pay more than 20k for a house like that!

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