patrick.net

It's about 500K too much, but all that place needs is a paint job.
Some shmuck will buy it for 700K then destroy the features in that house that was made to last as long as that house stands. With cheap Home Depot crap, you'll have to replace ever 5 years.

REO! Investors Special! LOL. Why don't bank learn to fix it and sell it? Nah they are not going to do that until they are secured by taxpayer $$.

Did you see the listing history? They listed it continuously from 2002 to 2006. I wonder what the prices were then.

What happened between that and foreclosure? It must have sold in 2006, right? I think the Redfin data feed is incomplete. The tax assessment in 2006 was $317K, so it must have sold for $816K either at the end of the year in 2006 or in 2007. Then, they got the 2% adjustment in 2008. They negotiated 0% adjustment for 2009, and they negotiated a drop of $2K in tax value in 2010:

http://www.zillow.com/homedetails/1003-Monterey-Rd-South-Pasadena-CA-91030/20696161_zpid/

At least for the bank, this house had a lower principal amount than the prior sale.

Don't know anything about that area, but maybe $20K for the property. It looks like a good tear down.

It's a wonderful area, but not THAT wonderful. I've lived here all 47 yrs of my life, seems like this place has been a rental for a long time. It's had a sale sign in the yard for years....

This one is just a few blocks away...

http://www.redfin.com/CA/South-Pasadena/602-Meridian-Ave-91030/home/7005414

the redfin taxes say $9,999 - that is like an infomercial price

Great gathering place for a cult to party.