Got a million to spare? 2614 READ Ave Belmont, CA 94002

 

2614 READ Ave Belmont, CA 94002

Price: $1,000,000

Beds: 4
Baths: 4
Sq. Ft.: 1,730
$/Sq. Ft.: $578
Lot Size: 7,700 Sq. Ft.
Property Type: Attached Single Family
Style: Contemporary
Year Built: 1956
Stories: 2

Last sale: Jul 24, 2006 Sold $1,233,000
Loss: $233,000 or 18.9%

This home is open for the next 3 Sundays from 1 to 4 pm.   This is a short sale on a good sized lot, but the price per square foot is still above average.  Before the last sale this one was sold for $241,000 in 1999, which means that the last last owner made nearly a million dollars.  No wonder so many people became obsessed with house flipping.  As I say about pretty much all short sales, potential buyers should just wait until it goes into foreclosure and get it for even less money.

January 8, 2009 | Filed Under City of Belmont, Dollar Loss: $200k to $300k, Foreclosure or Shortsale, Last Sale in 2006, Listing in 11/2008, Loss: 10 to 20%, Price: 1 million to 1.5 million 

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