As previous answers suggested, this is not the "Listing Price" for this property, it's the amount of deed transfer when bank took over it. Bank will list at or near market value. To help you understand more on various foreclosing phases, you may read my blog here:
What Andrea has said is true, The property is not fore sale at $449k that was the amount of one of the foreclosing loans. When the bank does put the home on the market it will be at market value for homes in Sarartoga that are of similar size, it will NOT I repeat NOT be put on the market anyware near $449k price shown, sorry. :(
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At your service,
Certified Distressed Property Expert