I'd love to know the details on this one. 1751 Pierce is for sale again... REO. Listed at $605,000. Is someone really willing to pay that for this house? I can't imagine.
A little history:
sold for $130,000 - 1/24/03
sold for $799,000 - 6/27/06 (WTF?)
foreclosed - $618,300 - 1/30/08
now listed - $605,000 - 3/5/08
I can't find the info online, but I've seen this house before, and I'm pretty sure they've been trying to sell since last summer. I'm 100% sure that this listing is more than 5 days old (which is what the count is at right now).
At $605k... if you put down $120,000 (20%) and got a 6% 30 yr fixed loan for the rest, your monthly payments would be about $3,000. Is there anyone with this type of money that's willing to live on Pierce St?
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