Friday, January 1, 2010

How low can you go? Harmon home now listed for $225,000


Linda Harmon's former home on 2027 Petit Bois is again listed for sale. How low can it go? This home was sold (An earlier post showed how mortgage fraud probably took place.) in December 2006 for $900,000. A payment was never made and the home later went into foreclosure. It was sold in September 2008 for $373,500. The house was then put up for sale at $369,900 (see picture of listing in this post). The home was then listed a two months ago for $275,000. Unfortun- ately for the home, the merry-go-round continues as it is now listed for $225,000. Oh, and Ms. Harmon? She is still in custody in Williamson County Tennessee. See earlier post

19 comments:

Anonymous said...

$900000 was unbelievable,but this is even more unbelievable.
Wish I could buy it for investment. It has great bones and a good floor plan . Just needs someone with a little imagination and taste to give it more eye appeal, in and out...something those who have had it seem to have lacked.

Anonymous said...

Sounds like a real deal if the house doesn't have foundation problems or some other major problem. If not, it will sell quickly.

Anonymous said...

Too much product available to bet it will sell quickly.

Kingfish said...

Did I mention the River Hills Tennis Courts are literally the back yard?

Anonymous said...

Wasn't there a big sign hanging on the back of the place some months back that was visible from Lakeland?

Kingfish said...

Yup. could see it from Cups in the Quarter when I went there.

Anonymous said...

hate to break to you but ms harmon is no socialist, in fact I never heard of her , but she is a little cute.

Anonymous said...

Who appraises properties like this that there is such a decrease in value in such a short time? Surely in '06 there was an appraisal to support a 900k mortgage? And now it's for sale for about a third of that?

Looks like the roof has those ugly black streaks. I think it's some kind of mildew. To me it just kills the curb appeal of a house.

What is Ms. Harmon in custody for in TN? You may have said already but I must have missed it.

If I bought this property, I would definitely get my own owner's title policy.

Kingfish said...

click on the links to earlier posts.

I'm told an appraiser's esignature was forged when it sold for $900K.

Anonymous said...

The pity is this price is bad for the valuation of homes in the neighborhood which is part of the Eastover Homeowner's Association and which also has an active neighborhood association as is evidenced by the improvement in the entrance.

The convenience of the neighborhood is also a huge plus. It's a neighborhood of professionals of note.

Katrina and at least one hail storm has taken place since the house was built. I expect that explains what you see on the roof. Likely does need replacing now but it shouldn't cost a $100000!

It's a shame the out of state owners just haven't had the advice or knowledge on this house to do " right" by it.

Linda definitely wasn't a socialist and one of the previous articles blogger responses suggested her parents were millionaires. That isn't true either. Her father was an ATF agent and her mother stayed at home.

Kingfish said...

The hail storm took place while Linda owned it if I'm not mistaken. She definitely wasn't a socialist and her parents are not gazillionaires either.

I don't feel too sorry for the neighborhood association as no one in the subdivision seemed to gripe when it sold at 900,000 dollars for $180 a square foot, way over the market price.

Near Topic - Not Spamming said...

The stains on the roofs are black algae that feed on minerals in composition shingles. Usually starts on surfaces facing north. This stuff from an outfit out of Texas is expensive but works as advertised. I've used it and it removed the stains I had completely. Got turned onto the product by a neighbor. Way cheaper than a new roof.

Anonymous said...

The pity is this price is bad for the valuation of homes in the neighborhood which is part of the Eastover Homeowner's Association and which also has an active neighborhood association as is evidenced by the improvement in the entrance.

No one is going to weep for the plight of the Eastover Homeowner's Association.

Anonymous said...

did someone say socialist? or socialite? slight difference there, Chester ;-)

Kingfish said...

I've always said socialite. Someone must've misread it.

Anonymous said...

did someone say socialist? or socialite? slight difference there, Chester ;-)

someone has their comic meter set too low.

Anonymous said...

KF...wasn't you, was one of your bloggers...probably one who either can't spell or edit but since it was the same who claimed her parents were millionaires, who knows?

Anonymous said...

Petit Bois has a separate homeowners association and Petit Bois is included in the Eastover Association for security service and mosquito control purposes. So the homeowners have the option of belonging to both or just one of those groups.
Neither association tracks and/or reports home sales.
Had anyone been told that the Harmon home sold for $900000,they wouldn't have believed it.
Many , if not most, of the inhabitants of the neighborhood did not inherit, they earned their money.
The Harmon house and most, if not all of the homes cost more than $225000 to build and the lots have been $25-55000. So this is a huge equity reduction that those with an ounce of compassion will surely understand.

Kingfish said...

Has nothing to do with compassion. Has everything to do with the fact that no one complained or said anything when it sold for $180 a square foot or made similar remarks when I reported on it a year ago but now complain that its too cheap. It goes both ways is my point.

I seriously doubt it will affect the property value because it won't be allowed as a comp by most lenders.



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