Someone bought this in 09 and started an extensive remodel. They did the house completely but the backyard still has something like a green house that is an eyesore. There is a nice pool. This has 3 beds (originally 4 beds, but 2 beds were converted in to one larger one). The baths, flooring (laminate), paint, kitchen are all updated and nice. The listing price is 575k - seems overpriced in comparison with the listings around. The yard is mostly concrete and some cactus (desert relief?) aside from the pool. It's a corner lot. The block has a couple of short sales, a REO and a regular listing. It's close to snell ave and 85
397 Bangor Ave, San Jose, CA 95123
By agst Follow Sun, 1 Apr 2012, 6:07pm 1,445 views 5 comments
In San Jose CA 95123
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From 1990 to 1998 price inched 25K. Bearly 10% which would be normal. so even with 30% higher from 1998 your talking at best $390 - 400K. Therefore $575K is certainly way overpriced.
Certainly more room for declines since similar homes on Redfin shows $475-480K.
http://www.redfin.com/CA/San-Jose/397-Bangor-Ave-95123/home/807037
Property History for 397 BANGOR Ave
Date Event Price Appreciation Source
Mar 21, 2012 Listed (Active) $575,000 -- MLSListings #81210535
Jan 23, 2009 Sold (Public Records) $493,000 5.4%/yr Public Records
Sep 25, 2008 Sold (Public Records) $443,360 -- Public Records
Aug 31, 2007 Sold (Public Records) $17,000 -- Public Records
Aug 13, 1998 Sold (Public Records) $285,000 1.1%/yr Public Records
Jul 31, 1990 Sold (Public Records) $260,000 -- Public Records
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thomas.wong1986 says
Btw I am always curious when there is a super low price like that $17k in the records - what does that mean? It happens sometimes. Did somebody actually sell at a friendly price to their brother? Or is it just a screwup in the record keeping...?
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Foreclosure... 2007-2008...
when you copy and past.. additional info shows up...
Property History for 397 BANGOR Ave
Date Event Price Appreciation Source
Mar 21, 2012 Listed (Active) $575,000 -- MLSListings #81210535
Jan 23, 2009 Sold (Public Records) $493,000 5.4%/yr Public Records
Sep 25, 2008 Sold (Public Records)
This home was foreclosed
Foreclosure Foreclosure is a process that transfers the right of home ownership from the homeowner to the bank or lender. A home goes into foreclosure when the owner stops paying his mortgage loan payments.
more info
and bank-owned
REO (Real Estate Owned Home) Short for "real estate owned," REOs are foreclosed homes owned by banks and lenders.
more info
. $443,360 -- Public Records
Aug 31, 2007 Sold (Public Records)
This was not an arm's length transaction
Arms-Length Transaction A transaction between a buyer and seller where both are acting in their own best interests to get the best price.
more info
. $17,000 -- Public Records
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This one went pending after a 25k price reduction and came back on the market.
What is very interesting is that within a day or two of this going pending and before it went back to active, another home nearby with similar age and sqft was listed at the same list price. Do these realtors time this stuff and talk to each other a lot? I'd think so. Is there a possibility that they wait and ensure there aren't too many houses listed at the same time - I'm guessing they do. I don't think it's illegal, probably smart sales but I don't like it.
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San Jose, CA
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Sold for $535k on 6/8