Here is yet another example of home prices that reflect the true image of value in the market. Wow, that is fairly poetic.
Anyway, here is the listing for this 3x2'er in beautiful Valley Springs back in April of 2006:
If you squint, you can see that they were asking $500k - half of a million dollars! When you actually say "half-a-mil", it sounds like a lot more than $500k. Maybe the cost is wrapped up in the roof repair - that's a lot of roof.
Zillow/Yahoo, which is always reliable on pricing estimates (insert laughter here), puts this piece of property at $500,347.00. Seemingly, the listing price is right on, but the recently "sold" price of $321,233 looks suspicious. Can someone say foreclosure?
Well, low and behold, even the lender doesn't think it is worth that extraordinary amount of greenbacks. They are currently asking $238k! That is a drop in recommended Zillow asking price of less than half! And it looks like the bank is going to write-off that extra $83k. Ouch!
Somehow, I still think it is a bit lofty.
Here is the info if you are interested and the map link:
2376 HEINEMANN DR
VALLEY SPRINGS, CA 95252
$238,000
Agent: Vicci Fikes
Century 21
(209) 920-1520
Listing last updated: 02/08/2007 19:05:12
Anyway, here is the listing for this 3x2'er in beautiful Valley Springs back in April of 2006:
If you squint, you can see that they were asking $500k - half of a million dollars! When you actually say "half-a-mil", it sounds like a lot more than $500k. Maybe the cost is wrapped up in the roof repair - that's a lot of roof.
Zillow/Yahoo, which is always reliable on pricing estimates (insert laughter here), puts this piece of property at $500,347.00. Seemingly, the listing price is right on, but the recently "sold" price of $321,233 looks suspicious. Can someone say foreclosure?
Well, low and behold, even the lender doesn't think it is worth that extraordinary amount of greenbacks. They are currently asking $238k! That is a drop in recommended Zillow asking price of less than half! And it looks like the bank is going to write-off that extra $83k. Ouch!
Somehow, I still think it is a bit lofty.
Here is the info if you are interested and the map link:
2376 HEINEMANN DR
VALLEY SPRINGS, CA 95252
$238,000
Agent: Vicci Fikes
Century 21
(209) 920-1520
Listing last updated: 02/08/2007 19:05:12
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