Price error?

Profile picture for good2invest
In February 2007, we bought an identical condo (1486 W. Badillo St. San Dimas, CA 91773) for $305,000 which was slightly under market. We are shocked and confused at the price that the unit at 1436 W. Badillo St. San Dimas, CA 91773 sold for recently - $90,000. Please check this out to determine if the price is accurate or a mistake. Thank you.
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August 17 2007
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Answers (6)

Profile picture for karman
Probably not an arms length transaction, sold to a family member? Just a guess.
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September 30 2007
Profile picture for karman
Probably not an arms length transaction, sold to a family member? Just a guess.
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September 30 2007
Profile picture for Team Santos
Zillow is just taking information from county records. Maybe it was a distress sale and the investor just made a very good buy, or it could have been transfered to family members. Either way that is what county records are showing. If your worried about affecting the value of your home; for a refinance the appraiser will explain the area and disregard it as a comp (unless that is the average price in the area) if you are considerding selling, the market will drive the price not a single home.
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August 27 2007
Profile picture for good2invest
No, I have not received an answer from Zillow in spite of sending 2 direct emails to them. I hesitate to inquire with the "new buyer", if this unit actually sold recently, who is an innocent bystander in this debacle. I need to contact all the realtors who have condos for sale in our complex - maybe they can shed some light on Zillow's dangerously inaccurate info.
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August 27 2007
Profile picture for rick91740
Good2Invest,
Did you ever find out what the actual selling price was?
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August 27 2007
Profile picture for good2invest
Since Zillow hasn't gotten back to me, I'm going to contact the realtor that "sold" this home to verify the OUTRAGEOUS recently sold info.
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August 21 2007
 

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