Whoever purchased 606 W. Lyon Farm in 2007 paid $1.150 million for it, installed new windows, doors, moldings, a new kitchen and new baths, then landscaped it and returned it to the market in 2008 asking $2.250. It sold today for $1.383, which is better than losing everything, but still represents an awful lot of energy and money expended for no return. Assessment was $1.234.
November 19, 2009...3:18 pm
All that work done for you, for free!
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November 20, 2009 at 9:11 am
Hard for me to believe the 2007 buyer actually intended to do a double-your-money buy, fix-up and flip; Lyon Farm just isn’t the venue for that. I imagine they fixed it up for their own enjoyment but got caught in the financial disaster and have had to lower their standard of living. Unfortunate, but someone got a good deal.