Sapna, Home Buyer in Los Angeles, CA

Is this price correct? $14,500

Asked by Sapna, Los Angeles, CA Tue Feb 17, 2009

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This question is about this property: http://www.trulia.com/property/1073864390-1019-Duncan-Pl-Man…

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Answers

4
Sapna,

You are definitely not the first person to ask this question. The home is on the market but is priced at $3.699,000 and not $14,500. Unfortunately some of the websites like Trulia and Zillow get information from a company called Realty Trac that deals with foreclosures, notice of default homes, etc. They don't filter the information in any way and collect it from various sources and the problem is that they often list homes for sale that are not for sale, and often show a sales price that is something else. In this case the sellers have probably missed a few payments and this is the current delinquent mortgage payments. The South Bay has remained a very strong market so in general, if it's way too good to be true, it usually isn't true.
1 vote Thank Flag Link Tue Feb 17, 2009
there is a leased home at 1026 Duncan for $15000 per month. So maybe the price of $14500 is correct, but per month to lease, not once to purchase.
0 votes Thank Flag Link Tue Feb 17, 2009
This is probably a rental which should not be on this site,but i am unable to determine anything as i am getting an invalid domain when i try to get more info. i suggest you contact a local agent who can get you accurate info from the MLS in that area.
0 votes Thank Flag Link Tue Feb 17, 2009
That is not possible. A home on this street sold for $3.2M last year.
0 votes Thank Flag Link Tue Feb 17, 2009
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