Monday, March 17, 2008


Visitors to the upper-Fremont neighborhood just south of the zoo have seen 4702 Fremont Ave.  Clearly, the homeowner is waiting for his price.

I sent this photo to Ben's bubble blog last year, and I was surprised to see that the sign is still up.  Zillow's own algorithm says this shack is only worth $661, 500, and that it's losing value.

The owner purchased it for $269K back in 1998.  I think this house is headed back to this price.  The owner is either trolling for cash from a RE idiot (which I salute), or he's already sold the house to himself via the miracle of cash-out refis and HELOCs.  My search on the King County Recorder's site comes up empty.

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