The MLS carried an odd listing today for, oh, several hours.
228 5th Place came up for sale, and then it was pending in no time flat.
You might think that's nothing strange – a nice house at a good price (for this market) could go fast. But check out the sale history:
New construction: 2004
Purchased 8/15/05 for…
The MLS carried an odd listing today for, oh, several hours.
228 5th Place came up for sale, and then it was pending in no time flat.
You might think that's nothing strange – a nice house at a good price (for this market) could go fast. But check out the sale history:
New construction: 2004
Purchased 8/15/05 for $1.660m
Listed 2/23/07 at $1.700m (MLS #S943931)
Sale closed 3/23/07 at $1.700m
Listed 5/16/07 at $1.769m
That's right. This home had been legally in the hands of the current owner for 54 days, and now it was for sale again.
The new listing even featured modest remodeling:The entire house has just been painted & perfected inside and out. The distressed Walnut floors have recently been buffed & stained, and also has brand new plantation shutters & window treatments so the house is in move-in condition.
One might infer that these tidy-ups were all that's been going on for 54 days – that not even toothbrushes were moved in.
MBC just knows there's a strange story behind all of this – the purchase at the peak, the recent sale at essentially the 2005 price, the sudden relisting and quick new escrow. MBC has featured other properties briefly held before being put up for sale again, but none have turned quickly.
There's a whiff of REO or relo here, but that doesn't fully add up. MBC invites your insights/info on the property, via comments or private email.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 4:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.