Anyone got any information on the house at 12476 Picrus in Rancho Penasquitos? It shows up on Zillow as a sale for $15,000…huh? It sold in 3-05 for $750,000, it was in preforclosure and selling for short sale, but is now up for sale for $691,000. Does the $15,000 sale count into sales figures? I am sure the bank forclosed, but how does the $15,000 sale check out?
This sale would probably be better explained by a broker or banker then myself. The MLS tax roll shows the 15k sale as well. However the seller is First American Loanstar while the buyer is listed as US Bank National Association. It should be noted that this sale was not listed as a SOLD on the MLS.
Right now the property is active at 691k, down 8k from the original 699k it came out at 27 days ago. Lets look at the listing history. This house was originally purchased 3/3/05 at 750k. Then it was placed on the market 11/15/05 for 849-889k. That lasted a week. Then it was relisted on 2/3/06 at 792k-805k and was on the market for many months. Then it was pulled off the market on 11/17/06. Then it was relisted as a foreclosure which is where we are at today. So basically it is down about 8% from the sales price in March of 05. Wonder how low it will go…
Thanks, SD Reator, I suspected as much. I have been watching that sale and others in the area. This property backs to a busy street, they will have trouble selling it at all.
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