First, the property you are referring to is not available. As you can see there is no address, which means that RealtyTrack wants you to pay them for the information. If it is a bank owned property, it will be in the multiple listing services and listed with a broker when it is released by the bank, but it can be several months before it is for sale.
If you are looking for a home in Santa Margarita today, you can look at all of the available homes on my web site in real time at http://www.dnorwood.com/SANTA_MARGARITA.aspx or if you just want to look at foreclosures you can go to http://www.dnorwood.com/Pages/Santa_Margarita_Foreclosed_Homes_For_Sale.aspx which you will find does not have any available or it would be listed on my site.
Second, in answer to your question, if there is an issue with riparian rights, it will certainly affect the value of the property. If this is a foreclosure / REO, the bank will usually get an appraisal and /or a Brokers Price Opinion. However, it is the appraiserâ€™s opinion of the value of the property and it is possible it will sell for less.
If you have any more questions about valuation of properties, please feel free to contact me directly at 805-471-0828 or Email David@DNorwood.com and I will answer your question right away.
David Norwood â€“ Central Coast Real Estate... more
Statistically, days on market have dropped significantly since the first of the year and median sales price has increased. But it is important to note that there are simply too few sales for statistics to be meaningful in their own right, though what we're seeing is similar to what seems to be going on in much of the county.
If you'd like to be able to generate statistical market reports using a wide variety of criteria you may register for access to our free research center which offers a treasure trove of valuable information by using the link provided here.... more