Pasadena $113k Loss

[michael]

Per Zillow:

240 S Greenwood Ave, Pasadena, CA 91107
3 beds, 1.0 baths, 1,416 sq ft

Sale History
04/20/2007: $539,494
04/27/2006: $653,000

$380/sq ft.

Pasadena is still way overpriced…

I think this may have been an REO. Can someone look into the details.

[one_muggle]

Don’t know about the REO, but this one was a distress(ed?)
sale in the same area.
I saw them trying to rent it for about $600/month above market, then it popped up on realtytrac and then it went For Sale.

106 N Mountain, 91024
According to Zillow:
03/12/2007: $985,000
09/19/2005: $1,100,000

Add in the carrying costs (cuz I know it never did rent) and that is a fair loss given the area is supposedly up quite a bit over that time period.

-one muggle

[one_muggle]

Don’t know about the REO, but this one was a distress(ed?)
sale in the same area.
I saw them trying to rent it for about $600/month above market, then it popped up on realtytrac and then it went For Sale.

106 N Mountain, 91024
According to Zillow:
03/12/2007: $985,000
09/19/2005: $1,100,000

Add in the carrying costs (cuz I know it never did rent) and that is a fair loss given the area is supposedly up quite a bit over that time period.

-one muggle

[34f3f3f]

91024 sounds like Sierra Madre, the mini-me of San Marino (inland La Jolla). It’s gone from being a quiet little hippy retreat to million dollar yuppie homes, but people still seem prepared to pay over the odds for it because it’s safe, tree-lined and has a village atmosphere where people still talk to each other. Still way over-priced IMO.

[34f3f3f]

91024 sounds like Sierra Madre, the mini-me of San Marino (inland La Jolla). It’s gone from being a quiet little hippy retreat to million dollar yuppie homes, but people still seem prepared to pay over the odds for it because it’s safe, tree-lined and has a village atmosphere where people still talk to each other. Still way over-priced IMO.

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