There’s more to this story than meets the eye – or what will be disclosed here – suffice it to say…
407 Round Hill Rd is now on the market for $4,900,000 – Present assessment – $2,972,970 – zoned RA4 – 7.34 acres – yes complete with the cell tower, and shared driveway and directly behind Round Hill Community Church.
Then, JP Morgan Chase sold it in 2009 for $1,800,000 – to Coastal Fund 2 LLC – the present owner.
Now I know that the cost of construction has most likely risen since they purchased the property 2 years ago – but the difference in the sold price of $1.8 and the current ask $4.9 – I can see from the listing photos that the kitchen was renovated, as well as the master bath – but the other photos look very similar to what I saw when I looked at the house while Weichert had the listing, which is not reported in the history – see below
The current history is illustrated below, but it doesn’t account for 10 years. Being new to the business, I may be wrong, but I thought that the MLS history goes back 10 years, or as long as the home has existed, if less than 10 years.
GMLS sales history only gives recent information about this property:
Property History Information
407 ROUND HILL RD 1 MLS# 78356 LND ACT $ 4,900,000 Date 02/08/11
407 ROUND HILL RD 0 MLS# 78348 RES ACT $ 4,900,000 Date 02/07/11
407 ROUND HILL RD 154 MLS# 66103 RES CANCL $ 5,295,000 Date 09/10/07
407 ROUND HILL RD 1 MLS# 66103 RES ACT $ 5,295,000 Date 04/10/07
(c) Info Believed To Be Accurate, But Subject To Verification By All Parties 02/11/11 09:40 AM Unit# DOM Unit# DOM Unit# DOM Unit# DOM
Another piece of the puzzle:
Weichert had the listing prior to the GMLS history above as mentioned before – it was on the market for $1,660,600…and back then, we were told as consumers, that they were entertaining bids….moral to that story, is that if you really want real estate, put the bid in writing.
Per Trulia – with the OFF MARKET caption stating – “This property was previously listed for sale on Trulia. The listing may have been withdrawn or the property may have been sold, but Trulia has not received a record of the sale and the details of the transaction from public record.”
Weichert’s asking price of $1,660,600 (see below) – so they most likely sold it for a bit less – REO information is tough to research and my time is better monetized by selling homes….email me.
Most recent information provided by Weichert Regional Properties: