Property Q&A in Saratoga>Question Details

David Katz, Other/Just Looking in 95070

What is the current asking price for this property?

Asked by David Katz, 95070 Sat May 16, 2009

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This question is about this property: http://www.trulia.com/homes/California/Saratoga/sold/41811-2…

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Hello David,
Appears that it was canceled in January at the list price of $1.2M. It had previously sold for $1.3M in August '06 and $1.499M in October '07. Is there a sign in front of it?

It looks like someone made $200K (minus closing costs) in a year and someone may have lost $300K (plus closing costs, if and when it sells). Somewhat of a microcosm of west side markets the past 3 years. Although I think a 20% drop is a little extreme for the general area (I was born in and spent some time as a child living in Saratoga - Oak Street, etc.)

Hindsight is always 20/20. There were probably some improvements and plans for expansion involved during the past 3 years.

In between buying at $1.499M it was listed as high as $1.695M before dropping down to $1.2M and being canceled. When it sold at $1.3M it had been listed at $1.475M Quite a spectrum of prices but not too surprising when you consider getting into downtown Saratoga.

Mark Burns
Coldwell Banker Premier
direct: 408-777-2083
Web Reference: http://www.markburns.com
0 votes Thank Flag Link Sat May 16, 2009
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