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Forum » Beautiful FL home sold for $565k in 10/2023. Just sold again for $455k.
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Thread: Beautiful FL home sold for $565k in 10/2023. Just sold again for $455k.

post 10000020325 01-22-2026, 10:32 AM
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#1
  1. Oliverheldens1
  1. Oliverheldens1
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Beautiful FL home sold for $565k in 10/2023. Just sold again for $455k.

https://www.zillow.com/homedetails/19374-Rizzuto-St-Venice-FL-34293/121168693_zpid/

19% drop in just 2 years. Taking into account Realtors commissions and Closing Costs, likely closer to 27-28% loss on the property.

Market falling off of a cliff right now since 2023.
post 10000020328 01-22-2026, 10:33 AM
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#2
  1. wasp9166
  2. straight out da bronx
  1. wasp9166
  2. straight out da bronx
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Inb4 rich
post 10000020335 01-22-2026, 10:39 AM
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#3
  1. Oliverheldens1
  1. Oliverheldens1
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Originally Posted By wasp9166⏩
Inb4 rich
Funny thing, this house is still clearly overpriced by about 20-30%
post 10000020336 01-22-2026, 10:41 AM
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#4
  1. Procta
  1. Procta
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unless they absolutely had to move why sell low ... maybe it was a second or investment home
Subscribe for extra premium content (no noodz sorry guys)
post 10000020354 01-22-2026, 10:57 AM
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#5
  1. Oliverheldens1
  1. Oliverheldens1
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Originally Posted By Procta⏩
unless they absolutely had to move why sell low ... maybe it was a second or investment home
It's because that house isn't going to be worth $565k again for maybe 20 years.
post 10000020393 01-22-2026, 11:36 AM
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#6
  1. Godfrd824
  1. Godfrd824
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Short sale.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 10000020409 01-22-2026, 11:49 AM
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#7
  1. Oliverheldens1
  1. Oliverheldens1
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Originally Posted By Godfrd824⏩
Short sale.
There's no evidence of short sale that I can see. They just decided to take the loss.
post 10000020415 01-22-2026, 11:56 AM
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#8
  1. ymer
  1. ymer
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Post deleted by user
post 10000020416 01-22-2026, 11:57 AM
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#9
  1. ymer
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Post deleted by user
post 10000020420 01-22-2026, 11:59 AM
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#10
  1. wasp9166
  2. straight out da bronx
  1. wasp9166
  2. straight out da bronx
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Originally Posted By ymer⏩
Aware me on short selling real estate
A short sale in real estate is when a financially distressed homeowner sells their property for less than the outstanding mortgage balance, with the lender's approval, to avoid foreclosure; the lender agrees to accept a lower payoff amount, often forgiving the remaining debt, making it a pre-foreclosure solution that can be better for the homeowner's credit than a full foreclosure but involves lengthy lender approval processes


After the bottom dropped out in 2008 ,I told the bank to suck it after the bitch was disrespectful on the phone

Claimed ch 11 and credit only dropped 100pts

The bank will drag it the f out, so

You can go that route too

https://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code
post 10000020421 01-22-2026, 12:00 PM
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#11
  1. John L
  2. Make that coffee to go
  1. John L
  2. Make that coffee to go
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Ollie pls
post 10000020422 01-22-2026, 12:02 PM
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#12
  1. achtungpanzer
  1. achtungpanzer
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Zoom out on the area.

https://www.google.com/maps/place/19374+Rizzuto+St,+Venice,+FL+34293/@27.038949,-82.3444479,3101m/data=!3m1!1e3!4m6!3m5!1s0x88c3572742ec6135:0xdef9a0368a751947!8m2!3d27.0431442!4d-82.345987!16s%2Fg%2F11c23rd7dw?entry=ttu&g_ep=EgoyMDI2MDEyMC4wIKXMDSoKLDEwMDc5MjA2OUgBUAM%3D

Looks like copy/pasta suburban hell to me.

edit: not sure why it hyperlink
DYEL?
post 10000020604 01-22-2026, 02:55 PM
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#13
  1. r32gojirra
  2. Registered NEET
  1. r32gojirra
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House prices still rising lol

https://www.fhfa.gov/news/news-release/u.s.-house-prices-rise-2.2-percent-year-over-year-up-0.2-percent-quarter-over-quarter
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