There is an interesting story behind this one. After the bank foreclosed on this property they listed it for sale with an agent from the same brokerage I am affiliated with (J. Rockcliff Realtors). I saw it immediately and it seemed like the price was too good to be true. I figured it was probably a typo but a call to the agent revealed the fact that the bank (against the agents advice) listed it for sale at a RIDICULOUSLY low price to make sure that they gor multiple offfers and start a bidding war. No agent likes that scenario!
Anyway, the agent's phone rang off the hook and a sale was quickly agreed with multiple offers. As Carl says, we won't know what the final price was until it closes.
There are bargains to be had out there, mostly bank owned REO properties and you need to be able to move quickly when they get listed. If you want to be among the first to know about homes that may suit you at bargain prices, specially in San Ramon, let me know. This is my main area of specialization.
Good luck in your search.
Bernard Gibbons, Realtor, e-PRO Certified Internet Specialist
J. Rockcliff Realtors, 15 Railroad Avenue, Danville, CA 94526
Phone (925) 997-1585