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Only $10 for all 2024 SX, MX, and SMX series (regularly $30).
Buy it then, shit Matthes will get you an extra motor, A-kit suspension the works in the deal Stamp It!
Yes. It only lists 1000sqft unheated. I wonder what the actual living area is, looks like around 4000.
Edit: it's alot bigger than that, I didn't notice that there were 2 kitchens and living areas.
That’s gonna be listed for a while. Few people with a $4 million housing budget would be interested in living out there
I doubt he’s selling it at a loss my friend.
The Shop
Uh .. wow !
Sold for 750K in Aug of 21, then listed for 2.3M a month later.
1.6M in improvements in 30 days ?
I always wonder whether people build these houses with tracks then once the neighbours are fully pissed off at the noise and dust to the point there’s too much heat they sell and move on. It would suck to buy a place like this only to be hit with a slew of orders to not use the tracks.
Tax assessed @ 1.65M. 3x markup for the name?
Tax assessment =/= value. Do you own a house? My old place the tax assessment was like half of the selling price I sold it for.
Well obviously, conventional only go up to like 550k, or low 600s if you're in a high cost area which this isn't. No reason why this wouldn't qualify for a jumbo though.
It depends how property tax is calculated according to the state.
In CA, if you bought a house in 1995 for $200K and still lived in it, your tax rate is still based on that $200K and not the $800K of value it holds today.
The land was probably $750K and then with structure afterwards bumped it up.
Structure was there but not finished.
That would have been my dream home/location when I was young....
I don't think that's right. California limits the assessment value to a 2% increase per year. So it's assessment now would be more like $340,000, if it hadn't been sold since 1995.
He paid 2.1 for it a year ago.
Not yet, anyways.
He bought it a year ago for 2.1
Not sure why you're quoting me.
Pit Row
I bet there ain’t a cow on the place, think I’ll pass!
It won't comp out if someone is looking to get a jumbo loan with only 20 percent down.
Unless there a wealthy guy with that kind of liquidity out there who is also a Deegan fanboy, It's probably going to sit for awhile at that price, because aside from the awesome garage, it's not all that special with the entry level to medium quality finishes they put in.
Also, IMO the tracks are too close to the house - imagine all that red dust getting inside and on every surface?
He used to have his compound down the street from me in Temecula, I wonder if he ever sold it? I don't see it on the MLS anywhere unless I missed it.
Lots of assumptions in here but we really don't know. Is that land able to be subdivided?
I believe the place in Temecula is rented out.
And that doesn’t include the crack.
My recollection is the Deegans moved to NC so daughter Hallie could pursue her NASCAR dreams. Just like if you want to make it in MX, it helps to live in CA, if you want to make it in NASCAR, it helps to live in NC. Currently in her third season of the third level truck series, Hallie sits in 31st.
https://www.nascar.com/standings/nascar-craftsman-truck-series/
I think the house sale is an exit strategy while the prices are still high.
Still owns it. It's on Vrbo
https://t.vrbo.io/Bk4T2LqfCxb
I rode by on my bike in December and it didn’t look like anyone was living there. No vehicles or activity that I saw.
interesting detail I noticed on his property in NC- listing agent appears to be Coy Gibbs’ widow Heather?
Yes
It’s close to Mooresville and Lake Norman, which is where most of the NASCAR people with money (drivers, crew chiefs, some owners, etc), Panthers players, Hornets players, retired athletes and formerly some guy named Chad Reed reside. Mooresville is home to a large percentage of NASCAR teams’ shops. Charlotte is just south of Mooresville and the lake. If you want to spread out on some land but be close to what’s going on in this area, you have to get out on the fringes. There is plenty of money in the area. There are more than a few NASCAR drivers that have big farms/compounds that are farther out from Mooresville than Deegan’s place.
Good point. I hadn’t considered that. Maybe a NASCAR driver would be interested in building a sprint car track there or something. Surprised he hasn’t sold the house in California. Maybe they’re considering a move back as some have surmised
He is following Chad Reed's move. Came here to train, then off to FL. The area this property is at is growing at a crazy rate. What used to be nice farmland is now track homes for as far as you can see. I'm sure some northerner will come down and hand over the cash thinking this is a good deal. I'm NW of there and our property taxes have more than doubled because of the mass migration from the north coming here and paying stupid amounts of money for properties.
Post a reply to: Got $4M? Deegan's NC Compound For Sale