Can you imagine a decent home in Palo Alto with top rated schools sold for 1.825 M. This home was once valued 3.2M in the peak of the market. Again, this home is not a fixer upper or a pre world war home. It's a decent condition home. FYI- the rail track is not noisy at all and there is hardly any train going that route. https://redf.in/xH9waM #mortgage #housing #sanfrancisco
Thats east Palo Alto man , there is rail track right next to it. Why would anyone want to buy it . do you work in non tech role?
Just check properly. It's not east PAO. The schools are top notch!
It is definitely not in East Palo Alto but right in the middle of Palo Alto. In addition to backing the train lines, there is a major road (Alma) behind the train tracks. I wouldn't live there.
are you stupid? It backs the Caltrain lol
Yep, it’s all about the areas. Poor neighborhoods grow in hot markets and crash in poor ones. Good neighborhoods only go up.
The only way to actually determine value is to sell. Redfin values are irrelevant. Also you have no idea who it was sold to.
Yup. California is a no recourse state -- you can walk away from a house and bank's can't sue for the difference between property value and mortgage.
Most people with in the last 10 years likely have significant equity.... So while they might lose money on a sale, it's not going to likely be below the mortgage balance.
That seems pretty rundown though… look at the yard lol
That’s a nice yard in the Bay Area
ZOMG look at this one house THE WORLD IS ENDING
Where was this valued at 3.2 ? It was listed at 1.9 on 7/14, relisted at the same price 8/10 and sold 10/10. It also almost tripped in value over almost 20 years from 701 to 1.825
Teaser price attract multiple bids
Why don’t you buy it?
Sold.
That's cheap for Palo Alto