$180K gain in less than 4 months — legit?

[TheBreeze]

Address: 3736 Cascade Ct, San Diego, CA 92122

Sale history from Zillow:

01/11/2007: $650,000
09/28/2006: $470,000

http://www.zillow.com/HomeDetails.htm?o=North&zprop=16844042

Is this a legitimate sale?

[Andrast]

It appears to be legit according to city records. You never know what $$ was put in to it though. It very well could have been a major rehab.

[sdcellar]

Did they make it bigger? Zillow has it as a 2/2, 1064 sq. feet. That’s a pretty fast sale/rehab/sale in this market. Something’s going on, just not sure what. Zillow lists some screwy stuff sometimes.

[Anonymous]

The earlier sale could have been from one divorcing spouse to the other. Those always look low to a casual observer. I would do a title search if I were seriously interested. I totally agree that Zillow lists some screwy stuff sometimes. Caveat emptor.

[Borat]

Another suspicious sale — this one’s a condo in Hillcrest. It sold in June 2005 for $390K and then in June 2006 for $525K. That’s over a 35% increase in one year, and I didn’t think condo prices were increasing much between 2005-2006, but I could be wrong.

[Author]

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