THIS HOUSE IS A FLIP – IT ORIGINALLY INCLUDED 1 ACRE OF PROPERTY
THE FAIR MARKET VALUE IS $382,000.00. DO NOT BE DECEIVED!
The property was purchased by a local LLC for 599,000.00, which included 03 Sunrise Road and 01 Sunrise Road in Danbury.
01 Sunrise Road was stripped from the property, and 03 Sunrise was put on sale for 589,000.00, seemingly a bargain—or is it a scam?
On 5-2024, the price for the 1/2 acre home on 03 Sunrise Road was dropped by 20,0000.00 to 569,000.00. Thankfully, no one bought this.
A second price for the 1/2 acre and home on 03 Sunrise Road was dropped by 20,0000.00 to 549,000.00. Thankfully, no one fell for this deception.
03 SUNRISE WAS TAKEN OFF THE MARKET FOR OBVIOUS REASONS.
OF COURSE, ONE CAN SURMISE THAT THEY NEEDED TO SELL THE HOME ON 03 SUNRISE ROAD AND THEN USE THOSE PROCEEDS TO BUILD ON 01 SUNRISE ROAD, BUT IT SEEMS THAT A PLAN LIKE THIS WAS NOT WELL THOUGHT OUT. THEY MIGHT HAVE FAILED TO CONSIDER IMPORTANT FACTORS SUCH AS MARKET CONDITIONS, CONSTRUCTION COSTS, AND POSSIBLE DELAYS. ADDITIONALLY, THEY MAY HAVE OVERLOOKED THE FACT THAT PEOPLE ARE NOT AS DUMB AS THEY HAD HOPED.
TO THE NEIGHBORHOOD ASSOCIATION’S SURPRISE, THEY ARE BUILDING A HOME ON 01 SUNRISE ROAD AND, OF COURSE, TRYING TO SELL 03 SUNRISE ROAD FOR $589,000.000.
