Originally Posted by
Pete
I just had my house appraised and it went up about 30% over the last one I had done, under 2 years ago.
I live in the nameless neighborhood south of 50th, west of Penn and east of May. Been a bunch of flips in this area and they have all sold in less than a month. Walking my dogs through the area, I can see what look like several more flips: dumpsters on the driveway and near full gut jobs.
Seems to be a real sweet spot in the price range between $200 and $350 or so. Nice, well-located properties in that range seem to be snapped up very quickly, even before we hit the spring and summer.
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