The greatest mistake you can make is fearing you will make one.
Today’s HOT LIST Link ( click the pretty blue link below to see today’s picks ):
$2,250,000
6817 E MONTREAL PL, Scottsdale, AZ
“Tesla Solar Power System, 3-car garage with Tesla charging stations”
Good morning America…how are you?
Don’t you know me, your Circuit City rerun
I’m the train they call the company of Tesla,
I’ll be gone 200 miles when the charge is done.
Tesla is now valued over $1 Trillion. High risk = High reward.
Risk is the price we pay for opportunity. Risk pays out better than regret. So we convince ourselves that no man is sane who cannot become insane on occasion. Throw the dice! Take the leap! Run Forrest Run! Then we mount our Baron Munchausen cannon balls for the next launch across the chaos to high fived risk slain success! The only real risk in life is doing nothing, right?
“Risk comes from not knowing what you’re doing” ~ Warren Buffet.
The Flipper/Sellers of this Kierland golf lot property bought this place for $1,145,000 on the second to last day of last year. That sale price set the record high water mark for this neighborhood. That record has not been broken. This home is currently priced at nearly twice that record amount. This is Kierland. This is not Gainey Ranch. Welcome to the game of Risk!
This property makes the Hot List today as an example. We sift through this pile of madness daily. Every so often we stumble upon a Listing so audacious, so bold, so ludicrous in its expectations, that we just have to show somebody. Today that’s you. My lovely wife is out of town. If you told me 15 years ago that a company making poorly built battery operated cars, beholden to Li-ion degradation, limited to less than 300 miles in range, would be the first carmaker to ring the Trillion Dollar bell….eh, I’d probably nod along. We’re idiots.
So don’t tell me this house can’t sell for….hee hee hee….damn, just made myself laugh. Well, we’ll see…
$265,000
11210 W PUEBLO CT, Sun City, AZ
“Make an appointment to view this lovely home before it is gone.”
The case of the disappearing house! Counting the additional sunroom, this home is nearly 2,000 sq ft of single level lifestyle on a HUMONGOUS lot that rests along Sun City’s western ridge. The Agua Fria River passes under Bell Road around 118th Avenue, which creates a distinct elevation dip, to the benefit of this end of the line lot (the powerlines follow that ledge too). It appears this home was last updated during the Carter Administration, but the immense size gains, outside and inside, make updating an afterthought. This is stealing.
Buy it to rent it (rent comps are $2000-$2200). This is silly money worth serious consideration.
$799,000
1082 E VICTORIA VIEW ST, Queen Valley, AZ
“This exquisite custom home has incredible views of the Golf Course”
Notice that they did not say “which” Golf Course. That’s because the town of Queen Valley has just ONE golf course and the entire village has it surrounded. Queen Valley is more isolated than Matt Lauer at a NOW convention, yet it’s less than an hour from downtown Phoenix. Queen Valley is located east of Mesa between Queen Creek and Superior, hidden from the US-60 by a strategically placed mountain. You may have driven right past Queen Valley dozens of times without even noticing it was there.
This is the town that time forgot. One golf course, one gas station, one post office, and an endless supply of seventy-year-old shirtless guys on bicycles. If you’ve ever wondered what Phoenix was like fifty years ago, go visit Queen Valley. This is our Brigadoon. A sliver of yesteryear hermetically sealed under glass, tucked behind a vail of elevated desert, immune to the outside world. Phoenix Metro’s outlying communities have enjoyed a great year value wise. Technology has granted the far away places a new appeal. Verrado, Estrella, Vistancia, Anthem, Gold Canyon, and even Rio Verde vaulted skyward this past spring as our 2021 invaders sought four high walls attached to a lower price base.
Queen Valley leapt the least. It remains cheapest of all. If you’ve ever considered living out of town, but still close to town, Queen Valley is worth a gander.
Humpday.
Go!
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