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JuiceyDelicious t1_iywncku wrote

It's based on comparables, but given the sq footage for the area it'd not unreasonable. I get where you're coming from tho, person who flipped the house is gonna walk away w almost double their initial investment

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illusionsformoney t1_iywofan wrote

A healthy profit to be sure, but no where near twice the investment. Full gut and remodel including exterior work was almost certainly well into 6 figures (over $250k if I had to guess) with Fairfield county contractor pricing in effect.

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NecessaryMistake9754 OP t1_iywp798 wrote

>A healthy profit to be sure, but no where near twice the investment. Full gut and remodel including exterior work was almost certainly well into 6 figures (over $250k if I had to guess) with Fairfield county contractor pricing in effect.

i was quoted by several contractors a gut reno like this for ~$100k. these people are really out there..plus the reno looks so cheap and ugly. I wish them good luck trying to see this crap more than $500k with the horrendous school in stamford.

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illusionsformoney t1_iywpn0i wrote

You were quoted, in 2021 (with current material pricing), a full gut reno including new roof siding and other external work for $100k in Stamford?

Edit: And as far as price, I’m pretty sure that the median home price in Stamford is about $600k, so all the “crap” over 500k is more than half the homes in Stamford lol

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rsjem79 t1_iyy0zyr wrote

If it makes you feel better to shit on Stamford be my guest, but I own a home here and while this may be somewhat overpriced but it’s not insane for the area.

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NecessaryMistake9754 OP t1_iywo973 wrote

i think whoever bought this house at this price is quite stupid. sorry to say. they used the cheapest materials (look at the backsplash in the kitchen) and they don't even have a fridge. Also, the house is right outside a busy road. I am also suspicious of the square footage. i think they might have included the unfinished basement. People always lie about the sq ft nowadays it's crazy as if no one thinks about the potential legal reprimand.

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MightyMason t1_iyy9mdz wrote

I mean I disagree with your approach here but looking at this listing I don’t disagree with your sentiment.

Overpriced and shoddy work. That ductwork in the basement is horrendous, and that’s what you can see.

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