Real estate listings with main pictures of anything but the house
This is a funny thing I have been seeing here and there. Some real estate agents are listing pretty pictures of things other than the house as the main picture of the property. Here is a prime example at 212 Shoreview Ave, Pacifica where the first picture you see is:
This is definitely a nice picture of someone having fun, but does it really pump up the price of the small beach home to nearly a million dollars? Am I buying the ocean with that person in it? Granted, there are photos of the actual home on the listing, but it’s pretty confusing to put that picture up as the first thing.
412 ATHENIAN Way Pacifica, CA 94044 – Fishy?
412 ATHENIAN Way Pacifica, CA 94044
Price: $915,750
| Beds: | 4 |
| Baths: | 3 |
| Sq. Ft.: | 2,585 |
| $/Sq. Ft.: | $354 |
| Lot Size: | 5,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Stories: | 2 |
| Year Built: | 2007 |
| Community: | Pedro Point |
Last sale: Jun 12, 2007 Sold $1,700,000
Loss if sold for asking:$784250 or 46%
Equity lost per month: $32677
This is listed as a bank owned home. I’m not quite sure who owns it now because the Tax records show that it is owner of record is not a bank, but some person in Pacifica. It also shows that it is a tax defaulted property there is about 30k worth of back taxes that needs to be paid to redeem the home. Perhaps the bank is just not taking responsibility because they don’t want to shell out the money for the taxes now. What is most fishy about this property is that the last sale price was $1.7 million. I don’t think Pacifica was ever that expensive and it seems that the taxes were unpaid starting from 2007. So perhaps the intention was to default? Whoever buys this should definitely make sure that the taxes are cleared up, and the tax assessment should get down to reality.
665 FOOTHILL Dr Pacifica, CA 94044
665 FOOTHILL Dr Pacifica, CA 94044
Price: $468,000
| Beds: | 3 |
| Baths: | 1.5 |
| Sq. Ft.: | 1,240 |
| $/Sq. Ft.: | $377 |
| Lot Size: | 4,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Year Built: | 1964 |
Last sales:
| Oct 13, 2005 | Sold | $715,000 | 11.0%/yr | Public Records |
Loss if sold for asking: $247,000 or 34.5%
This home is now $23,000 above its 2001 price. It was funded by a $143,000 fixed mortgage and a $572,000 adjustable mortgage in its 2005 sale. Yup, that’s another 100% financed home and now it is a short sale. There is an open house on 4/5/2009 from 1 to 4pm.
313 MAGELLAN Dr Pacifica, CA 94044
313 MAGELLAN Dr Pacifica, CA 94044
Price: $530,000
| Beds: | 4 |
| Baths: | 3 |
| Sq. Ft.: | 1,790 |
| $/Sq. Ft.: | $296 |
| Lot Size: | 4,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Contemporary |
| Year Built: | 1968 |
Last sale:
| Jun 24, 2004 | Sold | $725,000 |
Loss if sold for asking: $295,000 or 40.7%
It seems that this was originally bought with 2 fixed loans that totaled 100% of $725k, and then the owners refinanced in 2006 into two variable loans totaling $774k. This means there might have been some cash out. This is a short sale, and I guess the sellers won’t really lose much since they don’t have to pay back the money they cashed out. There is an open house from 2 to 4pm on the 28th.
245 GREENWAY Dr Pacifica, CA 94044
245 GREENWAY Dr Pacifica, CA 94044
Price: $508,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,050 |
| $/Sq. Ft.: | $484 |
| Lot Size: | 6,800 Sq. Ft. |
| Property Type: | Attached Single Family |
| Year Built: | 1955 |
| Stories: | 1 |
Last sale: Jul 13, 2007 Sold $690,000
Loss if sold for asking: $182,000 or 26.4%
This is a short sale on a nice corner lot, but the price per square foot is still $100 above the median price per square foot for Pacifica. Unfortunately, short sales rarely go through these days so it may be worth it just to wait.
2222 FRANCISCO Blvd Pacifica, CA 94044 – Unbelievable shack…
2222 FRANCISCO Blvd Pacifica, CA 94044
Price: $239,875
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | - |
| Lot Size: | - |
| Property Type: | Detached Single Family |
| Year Built: | 1948 |
| Stories: | 1 |
| Neighborhood: | West Sharp Park |
Last sale: May 21, 2008 Sold $256,737
This is just truly frightening. I’ll let the pictures speak for themselves:
I think the following is a baby’s room:
I think this is an oven??
Bed & Bath:
There are some more pics on the listing, and I’m glad the realtor is really honest about this POS, but I can’t believe they’re still charging nearly $240k for this? And at first they actually wanted $300k for it. Just incredible.
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