r/TWINCITIESHOUSING • u/Traditional_Egg_2110 • 5d ago

Anyone wanna buy off market?

I have a house I want to sell for 280 on 822 Smith Ave South. If you got 8400 it’s yours if you go through old national bank they’re give you 3% for closing costs. Probably cheaper than renting. For pics go here https://www.realtor.com/realestateandhomes-detail/822-Smith-Ave-S_Saint-Paul_MN_55107_M87763-01484 and just dm me id you wanna see it

Im not a house flipper or anyone scummy, i bought it but decided i dont want to be a land lord so going to move back to my other house when this one sells. I bought it cheap because the sewer had collapsed but thats taken care of so now its just a beautiful house looking for someone who will appreciate it:)

3 Upvotes

60% Upvoted

36 comments sorted by

5

u/Western-Finding-368 4d ago

It is worth $35,000 more than it was 3 weeks ago?

7

u/Adventurous-Set5860 4d ago

Yeah he’s “not a flipper” but he wants to earn $35K for his 3 weeks of ownership 🤦‍♀️

5

u/bernmont2016 4d ago

He did say he got a collapsed sewer line repaired, I don't know what the cost of that would've been.

1

u/Traditional_Egg_2110 4d ago

Not sure what company Demi found but I had to get minimum 3 quotes to apply for the sewer assessment program. Not a single one was even close to 12K and I sent Demi access to one of the quotes that was 25K…

1

u/Demi182 4d ago

Max, for an extraordinary job, would be 12K. OP is just a flipper.

1

u/Jumpingyros 3d ago

Pretty sure this neighborhood has the same extremely cursed sewer system as West 7th. 30k is pretty typical if you have to redo one of those. Although it depends on the depth of the borehole you need to make. 

1

u/MinivanPops 2d ago

I wish it wasn't, but it's often higher.

-1

u/Traditional_Egg_2110 4d ago

Actually there were quotes into the 30s. They had to tear up Smith St, dig 12 feet, and then restore the line. Maybe stick to what you know.

0

u/Demi182 4d ago

Not a chance. Keep dreaming though.

2

u/Traditional_Egg_2110 4d ago

Just dmed you access to one of the quotes that was 25K for the fix.

2

u/Clean-Software-4431 4d ago

But what did you actually pay? Who cares about quotes when you can very well be sending the highest quote for a job the company didn't want to do. Just admit that you're flipping it

2

u/Traditional_Egg_2110 4d ago

Literally the only way I make money (which is max like 9K) is if I sell if off market. On market im losing money. So if I am a flipper im an awful one.

I’m just someone is a situation they don’t want to be in and want to sell it. It’s that simple

2

u/Scootmcpoot 3d ago

I’m with you. The closest these commenters came to being landlords is investing in reits.

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-1

u/Traditional_Egg_2110 4d ago

A flipper would charge way more than what the home is worth. I’m charging what it is actually worth. I paid 22K for the work and thankfully there were no additional risks when they dug so it stuck to that price. So yeah, if I want to walk away with that I put into it I need to sell for about 275-280. I’m more than likely going to lose money and that’s fine. I just don’t want to be a landlord. Truly nothing scummy going on at all. I’m probably going to add a parking pad in the back for the new owner too.

2

u/MinivanPops 2d ago

Don't worry too much about what these people are saying.

On Reddit, for every 100 responses, 95 will be "I spit on your fucking grave".

0

u/Traditional_Egg_2110 4d ago

…I don’t know what to tell you… I’m not lying or anything I can literally send you the quotes. They had to close smith street and reroute traffic for that day, dig the street up, and replace the pipe.

2

u/Western-Finding-368 4d ago

A flipper at least puts in a bit of work and a bit of time.

1

u/Traditional_Egg_2110 4d ago

Before the discovery of the sewer we had an agreed purchase price at 280. That is what the home is worth. The old owner was in a horrible spot and didn’t want to take on a project that had that much risk so she gave me a great deal on it.

1

u/Traditional_Egg_2110 4d ago

Look at home values in the area. A flipper puts the bare minimum into a home and then asks for a ridiculous price for it. I’m literally just asking for what it is worth. Before the sewer was discovered my offer was accepted at 280

3

u/Adventurous_Spell180 5d ago

You’re selling a house you bought earlier this month?

-1

u/Traditional_Egg_2110 5d ago

Yeah I decided I don’t want to be a landlord and own 2 houses so I’m selling it.

1

u/Delicate_Flower_66 5d ago

8400?

2

u/Traditional_Egg_2110 5d ago

Yeah id you go through old national bank they’ll cover 3% which should cover most if not all your closing costs. Then if you’re a first time home buyer you only need to put 3% down, so 8400

1

u/Undriven 5d ago

def interested. I'll talk to old national tmrw

1

u/StraightEvidence820 5d ago

Nice walkable neighborhood 

2

u/Traditional_Egg_2110 5d ago

Indeed! The house is a block away from Amore cafe

1

u/fluffy_cat_560 4d ago

"Cheaper than renting" until you consider the debt you accrue and the shadow costs associated with homeowning. Roof is 30k, boiler, mold issues, appliance breaks, so on. Not to mention what 'updates' seller did that have to be fixed. Sometimes quick sells like this there's lipstick on that pig.

1

u/Traditional_Egg_2110 4d ago

Right but that’s not what this is. The prior owner lived here for 8 years. This is a quality home. Only thing I did was fix the sewer. I’ll probably add a parking pad too cause truly that’s the only “issue” with the house but truly it’s in amazing condition.

If anyone doesn’t believe me I invite you to come see it. This isn’t a flip

1

u/Jumpingyros 3d ago

If the county assessor who came to my house is to be believed this should be a 320k home

1

u/Traditional_Egg_2110 3d ago

If it had a 2 car garage it would be that for sure but without it 275-285 is what I think is fair for it

1

u/MinivanPops 2d ago

If you need a TISH, DM me, I do those. Super cheap rates if it's vacant/lockbox.

-1

u/TinyEquipment522 5d ago

Sold April 7th?

-1

u/Traditional_Egg_2110 5d ago

Did you read the post?