Wednesday, July 23, 2008

Daily Dose of Blairmont 139

  • 3238 N. 20th Street Street (Sheridan Place LLC, March 2007)

May 2008

    Left and right:
  • 3236 N. 20th Street Street (Sheridan Place LLC, March 2007, $130,000)
  • 1909 Palm Street (privately owned)

June 2003 - the house appears cheerfully occupied.

Talk about your price jump! After several years under the ownership of distant landlord, the little white house sold for $9,600 in 2006, while the house next door sold for $15,000 in 2004. In early 2007, Blairmont bought both houses for $130,000. That is one heck of a markup! What kind of business sense does it make for Paul McKee to be paying that sort of money? What's it all leading to? How can he justify that sort of flagrant financial abandon?

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