Details: 3 bed/2 bath 1,990 sq ft house on a 7,500 sq ft lot, Wells Fargo REO
Description: Location! New carpet and paint. Move-in now--remodel later. Features include: coved, detailed ceilings in living room and step-up, formal dining room; lovely living room fireplace; breakfast room with lots of light. Den has been added on, probably without permits.[Wells Fargo offer-submission policy: beginning 11/2, ONLY owner-occupied, NSP, municipality, and non-profit organization offers will be considered; beginning 11/7 all offers will be considered.]
Listing History: 10/26/11 - $1,699,900
This property changed hands in 2002, 2003, 2004, and twice in late 2006. Property Shark does not show values for these transactions but if anyone has access to the last purchase price that would be interesting to have. UPDATE -- All transactions appear to be between related parties and were not real sales/purchases. Also, from a helpful reader: "Wells Fargo bought the house back in August for $1,524,601. The previous owner had a $1,435,000 1st trust deed and a $350,000 2nd."
Anyway, I don't think this house will sell for any type of great discount but it is good to see the banks get more inventory off their books. We need to see more of this - get the gunk out of the system.
This is the property tax info, I doubt the house has sold in the last 40 years:
ReplyDeleteLand $112,885
Additions $51,648
Total $164,533
Tax (2010) $2,054
Already looking for backup.
ReplyDelete