6052 N Paseo Zaldivar in Alta Vista popped into the MLS today as a REO, that’s a bank owned property, listed for $675,000/$150/sf.
And coincidentally, Paseo Zaldivar last sold in 2001 for $675,000.
So, go for it, it might be a deal.
Here’s how it got to where it is today.
They had a chance to sell it last June when it was first listed - as a nice normal, home owner selling their home sale. But they blew it, by listing it for $1,499,000.
Nothing of any consequence had been done to it since it last sold – no new kitchen, no new baths, none of that – to justify that ridiculous price. So of course it didn’t sell.
Then it became a short sale, randomly listed between $849,000 and $749,000, and it actually went to contract a couple of times but - you know those short sales - they hardly ever get off the ground. And this one was no exception. So after countless man hours, endless handwringing and realms of paperwork, it’s back to where it was in 2001. And is now Greenpoint Mtg Funding's problem.
