A long awaited foreclosure in Pima Canyon showed up today as under contract just 1 minute after it showed up as a new listing. A done deal before it hit the market. And given that it sold for $2,900,000 in 06 – albeit, an astonishingly overpriced sale - and was listed today for $1,075,000, I can’t help wondering if the lender, Capital One according to the tax records, got the highest and best price for this property.
Usually in a case like this, where the house is listed at a bargain price, the lender will stipulate that offers won’t be reviewed until day 7 of the listing. They do that to stimulate a little bidding war and make sure they do get the highest and best price. So I have to assume that Capital One was more interested in getting it over with quickly than in pursuing the bidding war thing. But I wonder why. I’m also not happy about it because I have clients that would have very likely been interested in making an offer. Sorry guys. harrumph!
Oh, the house, it’s 1643 E Sahuaro Blossom Place, and I’ve mentioned it often, HERE HERE HERE. How could I not. It has the dubious honor of being the highest $$$/sf sale in the foothills. (there are a couple that are higher but they were large multi-acre land sales with a shack). and the 3rd highest sale price in PC.
1643 E Sahuaro Blossom Place Tucson, AZ 85718
(listed by Catalina Realty 2100)
and just for fun here’s the listing from 06 when it sold for list price - $2.9 big ones
notice too that as it aged it shrunk, or is it shrank, hey it happens. In 06 it was listed as 4,650 sf and 4,305 today.
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