So the house sold for around 42% off of the peak price which is pretty typical for distressed properties in that price range.
I am relieved that the house on Lewis was a legit. sale and not a scam as we often see with short sales. It does seem that there are fewer short steals in 92103 as most of the shorts seem to end up as REOs. My guess is that the buyer of Lewis really wanted the property and pretty much paid what the bank was asking to get the deal done (the house was listed in late October of last year).
The house we bought in north MH has a similar view, better location, and a better lot but then again it is smaller and almost 100 years old (well built but very dated). I can see why someone would pay up for newer construction with the set of features that location on W. Lewis offers. It is an awesome neighborhood.
