Then what you are seeing is NOT an actual listing â€¦ it is an advertisement for RealtyTrac.
RealtyTrac is a provider of data for distressed homes. This data is used by investors and Realtors to track distressed homes. When you see the RealtyTrac logo, you are not looking at a home that is actually available for you to buy: what you are seeing at is either (1) the notice of default for one of the mortgages on the property in question, (2) a notice of an impending trustee sale or (3) a notice of a completed trustee sale.
RealtyTrac notices can be very deceptive because they usually give loan amounts, not the purchase price or fair market value. When and if this particular property hits the market, it will be at market price for the neighborhood.
Bottom line: RealtyTrac is trying to get you to sign up for their service.
The following links may be helpful:
When Is The Price Not The Price?
Itâ€™s Too Good To Be True: REALLY â€“ Top 4 Buyer Myths
If you want to know when these or similar properties will actually hit the market, have a Realtor set you up with an auto-feed that will alert you the moment they become active on the MLS.
Searching by zip 94303 can be frustrating. It will include East Palo Alto and a lot of Palo Alto. Poplar Ave is in East Palo Alto.
Juliana Lee, MBA LLB
Top 3 agent nationwide at Keller Williams Realty
Over 20 years experience
Over 1,000 home sales completed in Santa Clara and San Mateo counties
As usual, my most astute pal, Marcy Moyer is spot on this time again with important news that this property is located in East Palo Alto and not Palo Alto proper. As a result, it's comparables and value will be based on East PA homes and not the same homes in Palo Alto. Working with a great Realtor who knows this type of local information is key to purchasing a great home in any area.
Work with a Realtor like Marcy...or better yet, work with Marcy, and you can be assured of making good investments in local real estate!
Allison James Estates and Homes
Keller Williams Realty
What Terri Said is right. It is a Realty Track notification to get you to sign up for their service. I just checked, and there is no property available on Poplar avenue currently. If you are looking for a single family home near Palo Alto or distressed properties, I can help you find one. I am a real estate broker/attorney and specialize in Palo Alto and surrounding areas.
As stated in the link:
( Poplar Ave Bank Repossessed. This property has completed the foreclosure process and is now owned by the foreclosing lender, which took title to the property for an estimated consideration (loan balance plus other fees and costs). Foreclosing lenders are often motivated to sell bank-owned properties (also known as REO, or Real Estate Owned) quickly because they are non-performing assets. Please register for a free trial with RealtyTrac to access complete information for this property, including full address, foreclosure details, lender information, and more. )
Have an amazing day!