Liberty Village Flip Flop Flip

The new listing at 1808 Wendy Way ($699,900 asking price) is an interesting, entry-level home for Manhattan Beach. The records indicate that the previous owner bought the 3 bedroom/1 bath Liberty Village home as a fixer for $880,000 in January 2006. After adding a half bath and making some nice improvements, the property was back on the market with an asking price of $1,199,000 three months later. After chasing the market down with multiple attempts to sell over the next 3 years, to a final list price of $899,000, the property went to foreclosure.

Enter the current flipper, who is looking for a quick profit after recently purchasing the home as a result of the foreclosure. Don’t know if the current asking price will generate a nice return on investment, or if it is intended to stimulate a bidding war. Either way it is worth taking a look at, and may be the perfect home for you in Manhattan Beach. But don’t try to get it with an FHA loan. FHA will not loan money to purchase a home that has been owned by the seller for less than 90 days.

Call if you would like to view this property 310-707-8762 or email to Janie.Nagy@shorewood.com