2936 Winding Fence: original sale in Mar ’06 for 1366k; sold in May for 800k
And a new contender in the race towards the bottom:
2937 Babbling Brook: REO sold in Sep ’06 for amazing 1418k, could be yours for just 740k. 5 bedrooms, 4219 sf. At least a quarter acre lot.
Remember, there’s no mello-roos, you only pay for tolls and gas to get to/from Eastlake.
If you miss this one, don’t worry, there’s a lot more where it came from. Just on Babbling Brook there are over 20 houses whose original owners paid a median of 1200k two years ago. Five owners are in default and one house is bank-owned.
Personally, I wouldn’t want to be the first guy on the street who bought at 50% off, they might start throwing eggs and rotten tomatoes into my car. I’d wait till half of the original neighborhood is gone. I just hope none of those poor buggers put their life savings down.
