in April 2007, in it’s first day on the market, someone paid list price, $2,200,000, for the house at 5771 N Campbell Ave. And then in February 08, just 10 months later, put it back on the market for $1,100,000. No kidding $1.1. Now that’s an attractive price cut.
And the listing agent touted it as,
Rare Short Sale Opportunity to get an amazing house at a deeply discounted price. Contemporary custom home with sweeping mountain and city views. Kevin Howard designed home with amazing indoor/outdoor living areas. Master suite, guest suite and den all have private patios. Rift Oak Cabinets, Granite Counters, Glass Railing Balcony, structured wiring, tripple zoned AC & Gourmet Kitchen. Negative Edge Pool & Spa under construction.
Between the description and the 1/2 price sale, it sounded too good to be true. So 4 or 5 buyers came along and put it under contract 4 or 5 times. But apparently it was too good to be true, because each time it fell out again. So they got a new listing agent who priced it at $999,000 and tried a whole different approach.
Short Sale- Great opportunity, house needs a lot of work. The roof is leaking in several places and has damaged the ceiling, all the appliances are gone, parts of kitchen & bathroom cabinets are missing, parts of the flooring need replacing. There is also a partially finished pool, bring your contractor & make an offer.
OK, so now we know why it’s so cheap, but brutal honesty didn’t work either. So they pulled it off the market for a couple of months and, I’m not sure but, must’ve cleaned it up a bit, and now it’s back on and described as,
New Construction near Campbell and Skyline~Unbelievable mountian views! This home is listed for less than half of previous sales price-it's truly the best deal in the foothills!High ceilings, floor to ceiling windows and classy contemporary architecture make this a true gem. Lots of outdoor covered patios and decking overlook the pool and dramatically increase living space, Pool is unfinished but has an amazing layout.
So now it’s back to where it started as New Construction. Never mind that it was built in 2006, lived in, abused, and, maybe, patched up.
Someone went for it and once again it’s under contract. But let’s wait and see, I wouldn’t be surprised to see it come round again, in yet a different guise. See it here> 5771 N Campbell Ave
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