Whatever happened to 517 Spruce St in Redwood City?
Welcome to Day 3 of Redwood City Week!
A year ago, Burbed featured this house:
$599,000 for… well… house in Redwood City? — Burbed.com: Your Silicon Valley Home and Mortgage Insanity Blog
MLSlistings Property Detail for MLS number 608961
517 SPRUCE ST
Redwood City, CA 94063
Back then, Burbed joked that the house should have a sign that says “Beware of House” instead.
Well, beware of house indeed! Since Burbed featured this property, it was bought … TWICE!
According to Zillow:
- 08/18/2006: $665,000
- 5/12/2006: $562,500
- 05/25/1978: $30,000
Wowsers! Everyone knows that Redwood City is going to be the next Greenwich Village, CT… but seriously! Who would’ve thought this place would appreciate 18% in just 3 months?
Too bad it’s off the market now – otherwise, this would clearly be a million dollar house by the end of this year. You snooze, you lose!
April 25th, 2007 at 7:05 am
That’s not a second sale, it’s a cash out re-fi the person who bought for $562,500 took out. He got a phony appraisal for $665k and cashed out $100k. (the missing $2500 went to the appraiser of course)
April 25th, 2007 at 3:10 pm
damn burb always bringing up how i could have made dinero if only i had bought
April 28th, 2007 at 10:51 am
What Area 51 said. I smell fraud.