Bristol Palin sells Arizona home. Unsurprisingly it appears she got screwed. Update!

Courtesy of Maricopa.com:

Bristol Palin, daughter of former Alaska governor and TV personality Sarah Palin, is no longer a homeowner in Maricopa. 

The third-place finisher on the popular reality TV show “Dancing with the Stars” sold her nearly 4,000-square-foot house in Cobblestone Farms for $175,000, the Pinal County Recorder’s Office has confirmed. 

The house in the 4,400 block of West Sedona Trail was sold to Michael and Carrie Lipp on April 10. Calls to Michael Lipp were not immediately returned. 

Nate Martinez, the real estate agent who closed the sale, is with Remax in Glendale. His office said the Lipps moved into the house shortly after it was sold. 

The 3,929-square-foot home has five bedrooms, two and a half bathrooms and a three-car garage. Palin bought the house from Mike and Cindy Smith, farmers from Minot, N.D., in December 2010 for $172,000.

Okay well on the face of it it would appear that Bristol made a small profit which of course is always a good thing in real estate.  But a measly $3,000 is NOT anything to crow about, and it looks as if she should have made substantially more.


A 2,112-square-foot, three bedroom, two bathroom house on the same block as Palin’s former house recently sold for $148,000, according to REALTOR.com, the official website of the National Association of Realtors. 

Suzie Rotter, broker with Clear Skies Realty in Maricopa, said the new homeowners made a good buy because home prices in Maricopa are going up, and anything less than $50 a square foot is a good deal. The Palin house sold for $45 a square foot.

So according to real estate broker Suzie Rotter, Bristol should have been able to sell this house for about $200,000, which would have made her a profit of about $28,000. 

So in other words, if these numbers are accurate, she got screwed. (Seriously, again?)

So I have two questions about this:

"What is going on in her life which compelled her to sell this home now?"

And, "If she did NOT buy this home to make a profit in real estate, then WHY did she buy it, and then spend all of those months hiding out there?"

Or do we, perhaps, already know the answer to that last one?

Hmm, something certainly smells fishy.

BTW, on the same general topic, it appears that Bristol is NOT taking this news of Levi's new relationship and pending fatherhood very well, as evidence by this recently released picture (For no other understandable reason than to rub it in the father's face) of little Tripp Johnston.

Cute kid.  Too bad he is doomed to live his life as a blunt instrument used to punish his daddy.

Update: Yes, as many of you pointed out, after paying closing costs there is definitely a strong possibility that Bristol actually LOST money on this real estate deal.

Who the hell is advising this young woman? And wasn't Gino supposed to be involved with real estate in Arizona?

That fishy smell just got fishier.

Update 2: for those who need further proof of Bristol's anger over Levi's relationship with Sunny:

While Palin has blasted him in the press as a dead-beat dad, Johnston maintains that Palin is responsible for his lack of contact with Tripp. 

The host asked Oglesby if she was "angered" by the Palins' portrayal of her boyfriend. 

"Yes, it bothers me a lot," Oglesby said. She says she has spoken to Palin a "couple times" since discovering she was pregnant, but cut off communication after "she tried to turn me against Levi."

Now THAT'S ugly!