House behind mine sold for $55,000!!!!

Profile picture for workedout
I saw on Zillow that the house behind mine in Chino Hills, Ca sold for $55,000.The previous owner told us that he gave it back to the bank. The house would have sold in the $300,000 or above as all houses in area do. Is part of the price not included? Would the new owners pay prop taxs on the $55,000 price?
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December 21 2008 - Chino Hills
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Profile picture for Cindy Quinton

Well....I bet they know by now.

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February 08
Profile picture for AdoreRealty
I would not be wondering what his taxes are as much as how does that sell effect the value of my home. That's just me :)
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February 08
Profile picture for wrightsy

Property taxes are paid on "Assessed values" set by the County Assessor. The CAssessor values the structure and the land combined to come to the assessed value. You can go to the County Assessors website and search by "Address", "development" or Name to find the property.

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December 21 2008
that may have been the foreclosure auction. If it goes for sale shortly as a bank owned property, then you will know, and when it sells you will have a better idea of what it is worth today.
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2Yes

December 21 2008
 

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