Address: 2525 6th - 90405Details: 2 bed/1 bath 1,032 sq ft house, 2,897 sq ft lot, REO
Description: *REO* Bank owned. Sold AS-IS, no WPA. Fantastic CA Bungalow, 2+1+fam.Rm. Buyer to verify additions. LOCATION, LOCATION! near beach, trendy shops, restaurants, Main St, schools, transportation, etc. Hardwood flrs thru-out, tile in kitchen & bath. Light, bright, open. ALL CONTRACTS/OFFERS ARE SUBJECT TO ONEWEST SERVICES, LLC SENIOR MANAGEMENT APPROVAL AND ANY OFFERS OR COUNTER OFFERS BY ONEWEST SERVICES,LLC ARE NOT BINDING UNLESS THE ENTIRE AGREEMENT IS RATIFIED BY ALL PARTIES. See Private Remarks
Previous Purchase: 12/30/04 - $850,000
Trustee's Deed (bank buyback): 7/22/09 - $661,004
Listing History: 12/29/09 - $682,000
SOLD: 2/17/10 - $735,500
The late 2004 price looks high, but then again the bubble was really chugging and this is a "house" so it must have looked like it was worth a million bucks back then.
The bank got aggressive and priced this well below the late 2004 price. This elicited what was likely a bidding war and this went into escrow after 12 days and sold well over list. Late 2003 price on the ultimate sale?
This house looked really cute from the outside but the inside was a complete disaster. The family room addition was literally separated from the rest of the home by huge cracks that you could actually see through and the rest of the home was much better. I am suprised that got anywhere near this price for basically lot value with a nice facade.
ReplyDeletemeant to see wasnt much better
ReplyDeleteheard from the guy who defaulted on this one...nothing but mold issues and drainage problems....tried to fix it, but it kept on coming back.
ReplyDeletewhat does 'no WPA' mean?
ReplyDeleteno termite work to be done by seller
ReplyDeletewpa = wood destroying pest addendum