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Luxury Retail Buys for 70% Off

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  • Description

    Tanya Marchiol of TEAM Investments breaks down real estate deals in Arizona.

  • Duration 4:06
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This transcript is automatically generated

Name that price segments that today we're going to do it just a little different from.

We go to look at luxury homes today without favorite -- Montreal from a that's true you know normally we you've been on the show many times showing -- absolute don't cheat -- in -- right in Arizona.

Today you you've got luxury homes which you also calling duchy blog is up -- for the first one up on the -- that's.

Now this I believe is some of that tell the price yet but describe this house.

I love this passes is my favorite house and all of Phoenix this house is -- seven bedroom ten bath with 101000 square foot home.

With a thirteen hundred -- -- guest house.

It has a vineyard in the back.

Huge pool.

It is at it has been most amazing -- -- kitchen I have ever seen I would be and having -- about the neighborhood.

-- is in neighborhood -- is north Scottsdale its.

Absolutely be a -- You would like his -- didn't -- you wouldn't it's not -- -- -- -- analytic and gets to watch this story behind this house is it was listed at seven million dollars us in 2009.

Is now listed at three point six it is going top auction January 12 and it will probably be two million dollars and -- Yeah so it could -- down 70%.

From just 2000 not absolutely.

You could buy this house around two million dollars at the most 26 because that is exactly what they're an auction Russell got a frontal a lot of cash.

You do have to -- up with the cash -- but then you can put alone.

Okay next house yes again just I'm not gonna say but the price you described as well.

His next test is a six bedroom four and a half back the 5300.

Square foot home.

There's an interesting history with this house it was built in 2006.

It sold for one point nine and 2006.

Then it went to foreclosure and it sold for one point two at auction in 2009.

And it went in foreclosure up again well it didn't sell and now it's listed.

Or when -- -- what would you pay for Tracy at -- -- 800 that dated a fifty and the correct down tonight ninety's that not all.

-- -- -- -- That's expensive remark will have a god got a little times a wanna get to that of the next one this the last house you've got for us and other -- she got describe.

This house is amazing this is in Paradise Valley which is day cream of the crop in Arizona.

Five bedroom six -- again 101000 square feet 700 square foot guest house.

Just built so someone inside the value of the dirt and -- home on it it this house is exquisite -- -- -- it never been -- and just -- well.

Okay -- single -- -- -- price will inherently -- or two ago you know park closer all right so when a segment by Tracy -- -- -- -- the excellent how much when you.

Back out and it's -- I did you know that there yeah I'm -- million.

-- -- -- -- -- Who would have to -- -- five point one.

Now than I was and -- -- my point I believe this was a ten million dollar house don't let your yeah well and you know they didn't exist it would.

I would expect that by the -- but a little later as -- -- -- it's changed.

And they just states that other states yeah sneaking in.

Indian market it would have went for ten absolutely does have his guards and the location nearby location with this and -- -- this house is exquisite you expect bonds to jump in.

Act I expect the right buyers to -- -- analyze.

Did you expect that you know aren't -- tie -- there are a lot of foreign buyers do what it -- somebody fleeing California yeah.

And I guess this is I -- I dollar houses as an absolutely priced right at -- that somebody can live in and it it's court that's.

Hollywood limousine liberal -- and so yeah senator.

Schumer gets his way and somebody a phone -- why is the place -- five million dollars they get a Visa.

To come -- -- -- it's you know that that's his proposal and that's it today and they've been doing that here in the -- but do you think of the yes that's not taught him -- -- was a -- combatants against Iraq.

The --

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