I think Roland is correct. Some additional information may be helpful: The property was originally listed with an Intero agent on 10/27/08 at $1,199,000 and the price was dropped to $980,000 on 12/3/08. The Assessed Value of the property is currently at $1,250,000, mostly land value of $1,150,000. The land is nearly a third of an acre, although probably not all buildable. I is sometimes helpful to have a structure on the land for lending purposes.
Alain Pinel Realtors
Saratoga North office
I don't know where trulia gets their info. Public records show it selling 12/12/03 for $750K and 4/6/06 for $1,250,000.
Saratoga has been relatively stable. It's a desirable neighborhood, especially in the small town community of the village.
How has Santa Clara been for you? Thinking about making a move?
Where do you think trulia gets their info?