173K for a condo?!?!

Discussion in 'Sun City General Discussions' started by Emily Litella, Feb 19, 2017.

  1. Emily Litella

    Emily Litella Active Member

    Crazy. There's an open house on 105th today from 11 - 2 that's priced at 173k. It's nice and updated but that price is nuts. It's only one car garage and 1430 sf. I'm gonna have to be a lookeyloo later on this afternoon.

    Have been scoping out SF open houses here from time to time. I have seen a few really sloppy flips.

    But places here are still moving fast. That is if they're priced right out of the gate.

    No, I'm not a realtor and this is not an advertisement lol.
     
    Last edited: Feb 19, 2017
  2. Emily Litella

    Emily Litella Active Member

    The condo is very nice. Redone by the owner who inherited it with a close eye to detail. New bathrooms, kitchen, windows, flooring, a/c. Truly nothing to do besides move in. The only thing is the price seems a little high. Condo association does not allow rentals.
     
  3. BPearson

    BPearson New Member

    The whole pricing thing is exploding in front of our eyes E. Seriously; this one went up two weeks ago and I thought it was off the charts high. Drove by today and there was a pending sign on it. Admittedly it is gorgeously done, take a look and you will see what i mean.

    Then look at the price and you will see why I was stunned.
     
  4. Emily Litella

    Emily Litella Active Member

    That's unbelievable. It's beautiful from the pictures, but interesting to see what it actually sells for. I had noticed the for sale on that corner for a couple of weeks, but because of the price it wasn't on my radar.
     
  5. sussea

    sussea Member

    I looked at the pictures and love the kitchen. I wish I could have gone inside.
     
  6. Emily Litella

    Emily Litella Active Member

    It's good to look around and see what's out there. The place on 105th was done very neatly. I'm a stickler for sloppy painting and I notice little details in how clean a place is as well. I always have to remember not to turn out the lights when I leave a room while in an open house, lol.

    The thing that impressed me about the one on 105th,.(besides the new windows), is that all the dark molding and original dark doors had been replaced. They also got rid of the glass shower doors in both bathrooms. After awhile you get sick and tired of cleaning them. They're easy enough to remove so we're probably going to get rid of them too.
     
  7. Emily Litella

    Emily Litella Active Member

    Back to the patio home on Del Webb, you just never expect the price to go that high on one of them. The pool was a really nice addition and a surprisingly decent size.
     
  8. BPearson

    BPearson New Member

    It was just a year ago i was telling viewers on this site $100 dollars a square was the ballpark on single family homes that had minor renovations. Vintage, something less; full blown, well done flips good get as high as $150 per sq. Between the success of KHov and the massive number of flippers buying up anything that is close to reasonably priced, that equation has changed.

    Sun City home values went up over 11% last year, and this year looks to be more of the same. I check out Zillow on a daily basis and the homes coming on the market are all over the map. Vintage can still be found under a $100 a square, but they go fast. Should be another great year for the PIF, too bad so much of it is being shoveled at golf.
     
  9. Riggo

    Riggo New Member

    As much as I love Sun City, I would not be buying anything until the lawsuit is resolved and the dust settled. Appeals could drag this out even further. You really don't know what you are buying into until this is settled. The return of PIF money could have a devastating financial impact. There are just too many unknown variables at present. I wonder if brokers are disclosing these issues to potential buyers as they would ethically, and possibly legally, be required to do so.
     
  10. Riggo

    Riggo New Member



    How much and what is being targeted for golf? Why does the community continue to pour a disproportionate amount into a dying game? Looks like a vocal minority has control over the Board. The opportunity cost of golf at SC is staggering. Think of the community center that could have been built. **
     
  11. Cynthia

    Cynthia Active Member

    One person's beautiful is another person's overdone. I would have run out of that place very fast from too much detail. I do like the patio homes and I was inches away from buying one that was perfectly done. They are cozy and private. I balanced privacy vs having a view. I went with a view.
     
  12. Emily Litella

    Emily Litella Active Member

    I respectfully disagree with you about not purchasing until the lawsuit is settled, Riggo. I only recall one broker mentioning a lawsuit at an open house I went to, and that was because I brought it up, and the broker knew less than I did about it. I'm thinking that may be because no one expects anything significant to come of it. If I found a second property that was a great deal right now, I wouldn't hesitate to buy.
     
    Last edited: Feb 20, 2017
  13. Riggo

    Riggo New Member

    Emily: I certainly hope nothing of significance comes from the lawsuit. However, I have spent a good portion of my life being utterly amazed with legal outcomes when the case seemed to be a slam dunk or was completely without merit. One thing we can all agree upon, the lawyers will profit regardless of outcome.
     
  14. Emily Litella

    Emily Litella Active Member

    Yes, I do agree. The events of the last year or so have really shown us all that you should never say never.

    Ok, I'm not a golf fan, but every time I drive past any of the courses, they do seem to be busy, especially the one in Phase 2, the name escapes me now. So it seems to me our courses are being used. ? Once they finish up with the last couple of projects, maybe we will cease being "all golf all the time"?
     
  15. BPearson

    BPearson New Member


    If that were only the case E. Unfortunately, Willowbrook/Willowcreek is slated for next year, the South Golf Course clubhouse is coming up and another 3 or 4 golf maintenance buildings are in the works. And, the board just approved a $40K study to see how and where they can do another round of "turf reduction projects." Those run 800K or more per so hold on to your hats as the board chases these "good ideas" to save money.

    The problem is each board looks at it in a vacuum of their term rather than a composite total over the long haul. If there was a long range planning committee with everything on the table, it would be an entirely different picture.
     
  16. Riggo

    Riggo New Member

    Is there no pushback from within the community on the amount that is being spent on golf - a game in rapid decline? So if one were to buy into the community, the vast majority of the $3500 PIF fee is going toward golf? Talk about the need for long range planning. This is like investing in Royal typewriters.
     
  17. BruceW

    BruceW Member

    OK, that was good for a chuckle.
    It does seem crazy to pour good money after something that seems to be fading away.
    Yes, all reports and indicators say that golf is a dying sport, but why is Topgolf thriving.
    Topgolf is an entertainment center with a 3 story driving range, much different than the real game I am sure.

    There is a Topgolf being built here in Thornton, CO and the anticipation by all ages is fantastic. This place will be packed, at least to start with.

    I don't golf, but have many friends that do. The hope I hear from some of them is that places like Topgolf will spur interest of the younger generation. Time will tell I guess.
     
  18. Emily Litella

    Emily Litella Active Member

    Okay, I'm laughing at the Royal typewriter comment again.

    The condo (OT of the post), sold for 164k.
     
  19. Lajohe

    Lajohe New Member





    Yeah at that price I doubt you'd ever be able to make a profit if you ever want to sell.
     
    Last edited: Nov 5, 2017
  20. pegmih

    pegmih New Member

    There is a condo for sale at 10637 W. Tropicana Circle (between Del Webb & Talisman).
    The price is $172,500 - Coldwell Bankers.
    There is a variety of flooring - tile, carpet, laminate.
    No separate laundry room. The washer & dryer are located at the end of a room.
    One shower just has a curtain. Closets are small.
    Realtor did point out the new wood cabinets in kitchen.
    Take a look.
     

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