2731 ROSS Rd, Palo Alto, CA 94303 | MLS# 80922362
2731 ROSS Rd Palo Alto, CA 94303
Sq. Ft.: 1,912
$/Sq. Ft.: $679
Lot Size: 6,786 Sq. Ft.
Property Type: Detached Single Family
Year Built: 1946
Community: South Palo Alto
County: Santa Clara
Status: Pending Without Release
On Redfin: 28 days
Great Midtown location, this spacious rancher is bright, freshly painted and move in condition! 3 big bedrooms/2 updated bathrooms including a master suite w/ walk in closet. Kitchen has granite counters, gas range, wall ovens, eating area and storage galore! Separate family room with privacy doors, fireplace and access to backyard. Refinished hardwood floors; detached rear garage; lush garden . ..
Burbed reader Herve wanted me to feature this house… mostly because of this…
According to Herve:
Bought in July 2005 for $1,225,000.
Asking price now: $1,299,000 (5% commission would be $65K).
Ouch. Is this house selling at a loss?
But on the flipside, let’s look at how quickly this house went into pending.
My guess – it was an under pricing ploy. This scheme quickly generated 23 bids, pushing the final sales price to $1.4 million.
What do you think happened?