Thursday, February 15, 2007

Quite a Discount....

I know, I know, you may be tired of dreadful housing news. Hey, this will cheer you up! David Lereah says that now is a good time to buy; so get in line lemmings.


If you are looking for a deal, look no farther than this for a $621k discount!

This one is just around the corner and of course is "close to everything".

All the way from Pioneer, California, I present to you the foreclosure of the week...drum roll please...26871 WOODLAND. (White noise, applause, and aggravated screaming of the Discount of the Month recipient.)

In December of 2006 (suddenly, a long time ago in real estate), this listing was up for grabs for $1.2M. That's right folks - $1,200,000! I know, you are saying to yourself "that is a steal". Hey, a bargain hunter's dream. But wait, there's more. Tell them what they have won Johnny!

Well, according to the omniscient and heavily cognitive Zillow, this mountain retreat should be demanding no less than $925k. Perhaps the previous owner had a case of "irrational exuberance". But, what is this? Last sold on 11/06 for $739,267? Looks like an FC.



Now, according to the "Zestimate TM", the new "owners" should be asking for almost a $million. But, something must be wrong back at headquarters. Currently on the foreclosure list, this has been recently reduced to $579k.

26871 WOODLAND RD
PIONEER, CA 95666
$579,900
Agent: Sharon Rintala
(209) 295-3800

3 comments:

Anonymous said...

Hmm, sounds like someone's greed finally caught up with them. I think you're right, this does smack of foreclosure.

Anonymous said...

Sellers are asking top dollar for Gold Country, but I wonder how much is selling. Many homes for sale are not even finished.

$1200000 Custom Built Home with outstanding Mountain Top views

http://goldcountry.craigslist.org/rfs/277174009.html

ratlab said...

Let's use the phrase-du-jour here: Wishing Price.

Nice blog... enjoyed it so far.