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