Losing a few pounds--3240 Sterling Avenue, Alameda, CA
The third of today's rash of relists is our sweet old friend on Bungalow Boulevard, 3240 Sterling Avenue. The last time we met, last July, it was waiting for a buyer at $525,000, after over 6 months on the market. That buyer evidently never came, and 3240 Sterling is back as MLS(r) #40376648, with a lower list price of $514,900. Having last been purchased for $557,000, it's been in loss leader territory since its second price drop back in February, and this new list price sure isn't helping the seller recoup their money.
Any non-round list price makes me suspicious there might be some foreclosure action going on, so I went over to Zillow to check things out, and sure enough...
Update 12/04/08: Dropped to $463,900 this week. Below the foreclosed amount, even.
Any non-round list price makes me suspicious there might be some foreclosure action going on, so I went over to Zillow to check things out, and sure enough...
I'm beginning to feel a bit like Oscar the nursing home cat.Last sale and tax info
- Sold 09/17/2008: $483,230 *
- 2008 Property Tax: $7,078
* Transaction not included in Zestimate.
- Transaction Not Included in Zestimate
- This transaction was not used in computing the Zestimate for this house due to anomalies we detected with this transaction. These anomalies can include unusual document or transaction types, sales between possibly related parties, unusually high or low transaction prices, or other data irregularities that might indicate the transaction is not a full-value, arms-length transaction.
Update 12/04/08: Dropped to $463,900 this week. Below the foreclosed amount, even.
This was actually in contract, twice, while it was still being offered as a short sale. But because the asset manager or loss mitigator took so long to process the sale, both buyers walked (one after the other) and bought something else. It's a real shame it was foreclosed because had they moved quickly on the first offer, the sales price at that time would have been a heck of lot more than the amount they foreclosed and where it is listed now.