[quote=northparkbuyer]Web site was just updated. The house was sold to a 3rd party for the minimum bid for $460K.[/quote]
Apparently, the trustees-sale buyer thought it was worth that based upon a “drive-by” and examination of the title/assessor record.
Perhaps it had retained enough original charm from the outside that the TD purchaser didn’t care if he/she had to do a lot of work on the inside or he/she approached the tenant about purchasing it after the orig. Notice of Default was filed or after the death notice was published and got to see the inside.
$460K just seems a little high to me for that size lot unless (1) it is NOT surrounded by apt. bldgs; (2) the “goodies” inside were all original and intact; and/or (3) it had a Mills Act contract on it.
