Short Sale in Cupertino: $967k house offered at $788k
MLS-2.com: Property Details
10376 MENHART LN, CUPERTINO,CA,95014 – $788,0003 Beds 1078 Sq.Ft. Aprx. 1 Car Garage MLS#: 749849
2.0 Baths 5,227 Lot Size 55 Yrs Old Aprx. List Date: 2007-09-05What’s new on MLS-2: Search by % Price Drop // Search by “MOTIVATED SELLERS”
Description – 10376 MENHART LN, CUPERTINO,CA,95014
SHORT SALE!! AGGRESSIVELY REDUCED PRICE!! INESTORS DREAM!! MAKE AN OFFER!! AND LET’S MAKE IT HAPPEN!! Price is subject to lender approval
First, let’s note that this house has the lucky price of 88 in it. That’s a good sign already.
According to Zillow, this house was last sold about a year ago: 11/29/2006 for $967,000.
Now, as we all know, Cupertino is highly desirable because of it has the nation’s state’s region’s best schools. And, it’s full of AAPL holding millionaires. So could this house really be selling for a 18% loss in one year?
If you think so, you’re smoking crack.
Obviously this is a ploy to start a bidding war.
Burbed’s prediction? This house will be sold for $1,063,000. How did I get this number? Easy: $967,000 with 10% appreciation. (It should be 15%, but let’s face it, the market is a little soft.)
Let’s wait and see what happens…
December 11th, 2007 at 8:12 am
Wow, with Realwhore 6% comm on sale at list that is over a QUARTER OF A MILLION dollar LOSS! Heck of Job!
Wow, like the ad says ‘INESTORS DREAM’ sic- (realwhores cannot spell or use spellcheck -takes too much valuable realtor time).
Now is YOUR CHANCE, buy BUY, bye BYE!
Catch a Falling Knife Today and lose a quarter of a million dollars, step Right UP. Only the Best and smartest people live in Cupertino… Maybe that is why Apple leases much of their property?
December 11th, 2007 at 10:47 am
I don’t see how anyone, ANYONE, should miss out on the opportunity to lose 18% a year! Make it up on quantity, you flippers! They’re not making any more crackerboxes!
December 11th, 2007 at 11:14 am
Well, it has been unsold on redfin for 97 days. So I guess bidders are waiting for a bigger drop in price
.
December 11th, 2007 at 11:27 am
Here is its sale’s history in recent years:
11/29/2006 $967,000 Grant Deed Resale Chekhanovsky, Yakov & Juliya Grizzle, Ruth D 514191969
8/15/2006 $845,000 Grant Deed Resale Frost, Keith Chekhanovsky, Yakov & Juliya 463194424
9/13/2005 Grant Deed Refi Frost, Karen Frost, Keith 108318143
3/30/2005 $680,000 Grant Deed Resale Yengst, Charles R Frost, Keith 100713086
December 11th, 2007 at 12:04 pm
Thank you Renter Says for the sales transaction history.
This listing in breathtaking and gets better with review! A textbook case of how-not-to-do-it. I only jumped out of a perfectly good flying plane once. Never Again.
The local ERs will probably have their share of suicides come next year about tax and credit card paying time. Buy yourself a Police Scanner. It should be interesting listening…
Have a Nice Depression! Heck of a Job – George.
December 11th, 2007 at 12:06 pm
3rd – “scanning” is a great hobby, you’re sure to find scanners for 1/2 or even 1/3 prices at the Shack after new years.
That sales history ….. it’s roughly, very roughly, 1/2 price from where it was.
Ah, it’s only money!
December 11th, 2007 at 12:09 pm
Scanning sounds even more depressing than this story is. And this story is pretty fucking depressing.
December 11th, 2007 at 12:22 pm
This time it is going to be sold with multiple million dollar offers and crazy overbidding. Because owner used chinese lucky 8. After all it is Cupertino.
December 11th, 2007 at 12:31 pm
[...] Wow, there’s an unusual amount of vitriol about today’s house in the comments. Here are some snippets: Short Sale in Cupertion: $967k house offered at $788k [Burbed.com] [...]
December 11th, 2007 at 3:39 pm
hedda – Eh, I used to listen to the cops chat on about their work before drifting off to sleep, I always got a giggle out of some of the insane stuff that happens all the time in the BA….. OK swat team standoffs and ppl getting killed wasn’t THAT funny, but the stuff like the crazy ppl hearing voices and other idiocy is pretty funny.
April 6th, 2008 at 11:37 pm
Sold for $750,000 on Jan 3rd, 2008.
April 6th, 2008 at 11:48 pm
Sold for $750,000 on Jan 3rd, 2008.
Oh yeah, market is very healthy, didn’t burbed predict this place would go for $1.06 million? Then again, this isn’t “really” Cupertino, it’s Rancho Rinkydinky, so in RE’s terms it’s a “junk house” and doesn’t count.
But every low sale pulls down the median and affects the whole danged neighborhood.