Home Buying in Mountain View>Question Details

Douglass Mcn…, Home Buyer in Palo Alto, CA

What was the sales price for this Waverly Park Home?

Asked by Douglass Mcneil, Palo Alto, CA Sat Jul 6, 2013

Property closed on May 31st.

Realtor.com & Zillow says it sold for $2.26M
Redfin says it sold for $1.87M
Trulia doesn't even show the sales price (even though it closed over a month ago)


What was the actual sales price? And why are there differences across the various websites?

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Answers

6
Douglass,

The home closed escrow on May 31st for $1,870,000. The original list price was $1,798,000. These are the numbers from our MLS. The county record numbers shows it closed at the $2.26m, which for that home is quite a sales price but not correct (probably incorrectly imputed into the system).

$1.870,000 is the correct number.

David Blockhus
DRE #01169028
650 917-4250
http http://:www.LosAltosHomes.com
1 vote Thank Flag Link Sat Jul 6, 2013
Hi Douglass,
There were two sales in Waverly Park which closed on May 31st.
3386 Brower Avenue closed at $1,870,000, above the original listing price of $1,795,000.
13116 Franklin Avenue was listed at $1,295,000 and sold at $1,475,000.

It looks like Realtor.com is down right now, so I can't comment on their price. Their information, however, is a direct feed from the MLS, so it should be correct.
Zillow is a syndicated feed, so it often relies manual input from the listing agent to record the price, and/or remove the listing.
I hope this helps,
Aileen
1 vote Thank Flag Link Sat Jul 6, 2013
Douglass.
According to county records the price was not disclosed so it is not clear where realtor.com and zillow got their info. The MLS says 1.87

Either the seller or the buyer or both asked the county to to disclose the sales price and there is no way to know if what the agent put into mls is correct or not.

After the home is re-assessed for property taxes you will be able to get the true price by seeing what the property taxes are based on. The taxes are based on the sales price and even though the records will say sales price is not disclosed the value the taxes are based on will be on the records. Sometimes it takes 6 months for that to happen.

Marcy Moyer
Keller Williams Realty Palo Alto
marcy@marcymoyer.com
DRE 01191194
650-619-9285
Web Reference: http://www.marcymoyer.com
0 votes Thank Flag Link Sun Jul 7, 2013
Hi Douglass,

The difference in pricing, as Dave Blockhus previously mentioned, is the source for the sales prices. Both Zillow and Realtor.com are national, rather than local, reporting websites and thus they draw their information directly from the recorded documents...the tax assessor's information. Our MLS, however, is local and covers only a specific area for sales transactions, and the information comes from those directly involved in the actual transaction--the listing agent. Therefore, the MLS information is usually the more accurate source for sales data.

There are instances, however, when sales pricing is different from the recorded value, but those circumstances are pretty rare and usually involves the sale of another property with the listed property, the addition of easements, changes in lot lines or combining lots, transfers between family members as it relates to a trust, or property rights added that increases the value. These situations are extremely rare, however, and often only affect lots in more rural areas or are part of a trust.

In this particular instance and without having seen the recorded documents, it would seem that the sales price as reported by the county to the national websites may be incorrect.

Thanks for asking!
Grace Morioka
Allison James Estates and Homes
0 votes Thank Flag Link Sun Jul 7, 2013
I'd be really, really surprised if it reached $2.26mm. It has to be an error of some sort.
0 votes Thank Flag Link Sun Jul 7, 2013
Yes, sorry I was specifically asking about 3386 Brower Ave.

FYI, I just checked realtor.com. It says $2.26M (same as Zillow) and higher than the $1.87M you reference below. Odd.
0 votes Thank Flag Link Sat Jul 6, 2013
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