why would thid house sell for this what looks like a low price?

Asked by Tiborv, 02460 Sun Apr 5, 2009

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This question is about this property: http://www.trulia.com/property/1077472232-2666-32nd-St-Santa…

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Jodi Summers, Agent, Pacific Palisades, CA
Sun Apr 5, 2009
The bank had to repossess the property - and it is right by the Santa Monica Airport runway.
There were 20 open houses in Santa Monica today for single family homes under priced under $1.5m.
Because of the huge volume, a property such as 2666 32nd St. needs to be priced low to sell.

Best….

Jodi Summers
The SoCal Investment Real Estate Group
Sotheby’s International Realty
jodi@jodisummers.com
http://www.SoCalGreenRealEstateBlog.com
http://www.SantaMonicaPropertyBlog.com
http://www.SoCalMultiUnitRealEstateBlog.com
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Moderation is the key of lasting enjoyment. -Hosea Ballou
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