900 SOUTH Rd Belmont, CA 94002 – Realtor in Trouble?

 

900 SOUTH Rd Belmont, CA 94002

Price: $1,300,000

contractor.jpg

Beds: 5
Baths: 3.5
Sq. Ft.: 3,500
$/Sq. Ft.: $371
Lot Size: 0.3 Acres
Property Type: Detached Single Family
Style: Contemporary
Year Built: 2009
Stories: 2
View: Canyon, City Lights
Neighborhood: Belmont Country Club
County: San Mateo

Something must be wrong when you try to sell a house that’s “70% finished”. Anyway, I looked up this property on PropertyShark and it showed that it is owned by “Ghafouri,Paymon & Velecia T “. The name Paymon sounded really familiar so I Googled him, and what do you know, he is a Realtor in Redwood City and I have been to his website before. It seems that he took out a construction loan in the amount of $760k in 2006 to build this big mansion in Belmont, but now the work isn’t being finished. Not sure what the story is there, but it sure seems funny to list a shell of a home for over $1 million.

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One Response to “900 SOUTH Rd Belmont, CA 94002 – Realtor in Trouble?”

  1. 900 SOUTH Rd Belmont, CA 94002 - Realtor was foreclosed on : San Mateo Home Sellers in Trouble - Bay Area Real Estate Bubble Updates on August 5th, 2009 3:37 pm

    [...] About half a year ago I wrote this post: 900 SOUTH Rd Belmont, CA 94002 – Realtor in Trouble? [...]

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