Insane Flip?

Anonymous
How much renovation money did they put into this house to flip it because it sold less than a year ago for $480K, the recently sold for 1.7 million. How much profit fo you think they really made in less than a year. Is this worth increase crazy? Thoughts?

https://www.redfin.com/MD/Bethesda/6008-Greentree-Rd-20817/home/10662745
Anonymous
It sold for 700k over list price. That’s crazy.
Anonymous
My money is on an incorrect sales price that will be updated shortly. I'd bet they transposed a number and it's really 1,270,000
Anonymous
Maybe it was a new build. Can't tell from the listing.
Anonymous
I remember this house in my neighborhood. Definitely a renovation on main road. Thats a huge amount of money in short time. I hope this isnt an indication of the market, and moreso the upgrades raising the price that high.

https://www.google.com/maps/place/6008+Greentree+Rd,+Bethesda,+MD+20817/@39.0011481,-77.1226102,3a,75y,179.37h,90t/data=!3m4!1e1!3m2!1sbtIuTRh7FyBCWjPX06CjEA!2e0!4m2!3m1!1s0x89b7cbebaa7d2489:0x13924a4ecf4eb2f5?hl=en-us
Forum Index » Real Estate
Go to: