by Calculated Risk on 11/07/2021 01:49:00 PM
Today, in the Real Estate Newsletter: A Zillow Flip that Flopped
This home is at 271 Capella Ave in La Habra California. It is list by Active Realty (that seems to be associated with Zillow). This is a single story home in a decent area (California prices are always crazy compared to most of the US).
So my guess is Zillow lost north of $50,000 on this one flop.
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UPDATE: I left out the fee Zillow charges when they purchase the house, so their loss as not as bad as I initially thought (although I left out some expenses too).