Ahhh Crestmont… We looked at one that went active there recently….
Smells like a rat to me. Here is what I see on the MLS.
Listing went active at 675k as original list price. Close of escrow was 8/15/06. Now if you look at the sold listing on the MLS, Prudential listed the property and One Source was the selling agent (buyers agent). Now ON THE MLS, and sdrealtor or some of the others here with MLS can double check for me, the sales price says 615. (That is pulling up the SOLD listing for this DETACHED home) Note that this is what the listing agent ENTERED on the MLS for this home, 615k. I think this is important to note.
Now I then pulled up the tax roll from realist (again from the MLS). This buyer used Wells Fargo to finance 492k on the first and 123k on the second. So here is our old 100% financing buddy. HOWEVER, as you noted, this tax roll DOES INDEED state a sales price of 698k.
Smells bad to me Carlsbad, very bad. This is just what Inile was referring to. No I cannot explain AT ALL what went on here. I have some ideas but none of them are good. I do want to stress the listing agent entered 615k as the sales price. I do believe something bad happened here.
sdrealtor, bugs or sda any thoughts?