Tuesday, August 19, 2008

360 HEDGE Rd

360 HEDGE Rd Menlo Park, CA 94025
Price: $1,248,000
Beds: 3
Baths: 2
Sq. Ft.: 1,260
$/Sq. Ft.: $990


Hmmmm. Was looking at 251 Hedge, after reading http://650life.wordpress.com/, but when looking for comps I noticed 360 Hedge Road. Last sold for $1,119,000 in 2005. They took out 3 loans to make the purchase...

Lender # 1 Wells Fargo Bank
Loan amount # 1 $895,200
Rate type # 1 Variable
Lender # 2 Abbott Laboratories Emp Cu
Loan amount # 2 $50,000
Rate type # 2 Fixed
Lender # 3 Wells Fargo Bank
Loan amount # 3 $117,850
Rate type # 3 Fixed

That adds up to $1,063,050. So the buyer put down $55,950. Wait... can that be right? Put down $56k and get a nice house in Menlo Park?

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