Valued by Zillow at $590,000!!! In a neighborhood of $250,000 to $300,000 homes. Purchased for $173,000 a month ago??? Buyer in august win the lotto and decide to move out of Concord??? Buyer in December won the House Lotto!!!
I did a little more research on this property. The August sale was actually the REO sale conducted by the bank. I have no idea what the December sale was but it doesn't look like a regular arms-length transfer. My guess is that it was an insider transfer and the price given isn't accurate because of the short year transfer fees.
This has remained in REO status since the bank bought it in 2006. They finally got rid of it in August 2012. Here's an actual example of shadow inventory caused by the bank refusing to come down to market prices from 2006 to 2012. A very rare bird in Concord.
Sounds like the August buyer would have done well to listen to Da Bears...
wonder if they disclose the work done line by line if any..and the market up...
had this been a used car, the buyer would have expect to see
every receipts for every repair modification line by line to justify the price.