patrick.net

Something looks fishy there. Redfin lists the tax base as $848,966 so it seems wrong that they only paid $585k. I think that Redfin lists the amount financed as the last "sale" price and not the actual purchase price. I say that because I've seen it list refi's as "sales" when I dig deeper w/ property shark. I'm not saying the price is fair but I don't think they're as evil as you say they are.

$749k doesn't look out of place at all. $400 per square foot is very low, even with its proximity to two busy roads and an ugly restaurant (now out of business). Checking Zillow history for 119 Macdowell (same floor plan, but a better location by about 75 yards), the sale prices were $725k, $753k, and $790k in 2004, 2005, and 2006 respectively; Zillow gives a zestimate of $872k.

"$400 per square foot is very low".

Now THAT is amusing.

Something looks fishy there. Redfin lists the tax base as $848,966 so it seems wrong that they only paid $585k.

May be that one. But, look at another shithole, its the same attitude in sunnyvale/cupertino.

http://www.redfin.com/CA/Sunnyvale/535-Castlerock-Ct-94087/home/1700364

Look at pricehistory:
Property History for 535 CASTLEROCK Ct
Date Event Price Appreciation Source
May 29, 2009 Price Changed $849,000 -- MLSListings #80916549
Apr 02, 2009 Listed $859,000 -- MLSListings #80916549
Feb 02, 2009 Delisted * -- Inactive MLSListings #1
Dec 01, 2008 Listed * -- Inactive MLSListings #1
Mar 25, 2005 Sold $795,000 8.7%/yr Public Records
Sep 16, 1993 Sold $305,000 -- Public Records