Sunday, February 24, 2008

998 Alameda de las Pulgas, Redwood City, 94061


998 Alameda is a nice little house, but no one seems to want it. It's been listed since November, and they're asking $775k. It's about to be foreclosed upon - auction date is set for 3/25/08 with a sale amount listed at $687k.

This house last sold for $855k in November 2006 - and it looks like the buyers used 100% financing (80 variable, 20% fixed). Now they're being foreclosed upon within 15 months?

Other houses nearby that are selling or sold?
1128 Chesterton, sold on 11/15/07 but I don't see a price. I'll look for more later.

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