A surprising new pitch is made in a new Tree Section listing.
3400 Pacific (3br/2ba, 1150 sq. ft.) is a 1950s build that looks to be in need of some updates.
On the plus side, that smallish square footage is said to be supplemented by a "gigantic bonus area" that's not officially included. Unless and until we see…
A surprising new pitch is made in a new Tree Section listing.
3400 Pacific (3br/2ba, 1150 sq. ft.) is a 1950s build that looks to be in need of some updates.
On the plus side, that smallish square footage is said to be supplemented by a "gigantic bonus area" that's not officially included. Unless and until we see it, we'll guess that's bigger than a crawl space and smaller than a full-blown "man cave."
It's not the bonus area that's unusual, though – it's this line near the start of the listing:
OWNER IS BEHIND ON 4 LOAN PAYMENTS
This statement is meant to back up the notion that the home is "priced to sell" at
$925k.
Yes, here's your opportunity to jump in while the seller isn't making payments, but before an actual Notice of Default gets filed.
You can beat the bank to this one!Another curious sign of the times.
The last 4 Tree Section homes to go into escrow were a short sale (
3210 Ardmore), an REO flipped by an investor (
3109 Laurel), the lowest-priced listing in the Trees (
3609 Poinsettia) and an unload-at-a-loss sale (
2613 Oak).
Stopped payments or no,
3400 Pacific will draw interest simply due to price. It's the only active Tree Section listing below $1m right now. We might have predicted that Monday's post, "
No Sub-$1m Listings in Trees" would have a short shelf life.
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 March 19th, 2024 at 12:55am 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.