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Bristol Palin Buys A House In Arizona For $172,000 - In Cash

Bristol Palin, 20-year-old daughter of Sarah Palin, has bought a home in Maricopa, an outlying Valley suburb in Pinal County.%0D %0D Aside from the celebrity buyer, the political family and Dancing With the Stars, the purchase of the five-bedroom house represents a typical real-estate saga in Arizona.%0D %0D Public records show the home was built in 2006 and bought for $329,560. It went into foreclosure in January of this year.%0D %0D The home was then purchased in May for $137,200 by Michael and Cynthia Smith, a couple from North Dakota, as an investment.%0D %0D They fixed it up and put it back on the market.%0D %0D Bristol Palin bought it this month for $172,000 in cash.%0D %0D Sarah Palin has been a frequent visitor to Arizona since she ran for vice president on a ticket with Sen. John McCain in 2008.%0D %0D The Arizona Republic could not reach Bristol Palin to ask whether she plans to become a young snowbird or a full-time Arizonan.%0D %0D "I'm not sure why she wanted to buy that home, but we are real happy for her," said Michael Smith, 55.%0D %0D "She seems like a nice girl. We're excited for her."%0D %0D %0D %0D

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