December 29, 2010

Clearance Sale – Santa Cruz

The banks say these houses must go, so we’ve got deals, deals, deals!  Don’t you want to live in a Special House like some in the Real Bay Area, but don’t want to pay Special RBA prices?  With this house, you can!

219 Sacramento Ave, Santa Cruz, CA 95060
$719,900

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Beds: 4
Baths: 2
Sq. Ft.: 1,601
$/Sq. Ft.: $450
Lot Size: 4,835 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 1
View: Neighborhood
Year Built: 1956
Community: West Santa Cruz
County: Santa Cruz
MLS#: 81057554
Source: MLSListings
Status: Active
On Redfin: 12 days

Beachside Beauty, just steps to magnificent West Cliff Drive! Living room features a stunning and distinctive river rock fireplace, kitchen sports stainless steel appliances including a Viking range, tile backsplash, and custom cabinets. Plenty of custom tile work in the hall bathroom and a couple of useful outbuildings in the back yard with convenient alley access. Amazing Location and Value!

Steps to magnificent West Cliff Drive?  How many steps?

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That’s about a thousand feet from the house to magnificent West Cliff Drive, so, allowing for a generous one yard stride, that’s 333 steps.  Hardly “beachside.”  And it’s another thousand feet to the beach once you get to magnificent West Cliff Drive. You’ll be in great shape for those kitchen sports.

But getting back to how Special this house is… Not only is it 666 steps from the beach, it has the Mark of Specialness.  This house has a gold star on the front door.  How could anything get more Special than that?

Comments (16) -- Posted by: madhaus @ 4:58 am

16 Responses to “Clearance Sale – Santa Cruz”

  1. sfbubblebuyer Says:

    Wow! The banks only marked it up 175k from what it was foreclosed for. Talk about a deal! You know they could have marked it up 350k and still sold it like hotcakes, but they want to give you some INSTANT EQUITY!

    Also, that fireplace/built-in is hilarious.

  2. SEA Says:

    Uh, listed December 14, and it’s still active–15 days without going pending. That’s not what I call selling like hotcakes, and adding $175k to the asking price probably wouldn’t make it sell any quicker.

    I know. I know. The seller is sorting out all the offers–you know, when you have so many, it’s tough to decide which one to accept.

  3. nomadic Says:

    The former owners get a gold star for tapping about $400k in equity out of this mofo before defaulting.

    (BTW, isn’t that a red star? They’re all commies down there in Santa Cruz.)

  4. Pralay Says:

    The former owners get a gold star for tapping about $400k in equity out of this mofo before defaulting.

    (BTW, isn’t that a red star? They’re all commies down there in Santa Cruz.)
    —-

    That’s called socialism. Take money from corporations (banks) and distribute – buy fancy car for yourself, buy diamond for your wife, gift cruise vacation to your parents.

  5. SEA Says:

    That red star represents a Miracle on 34th Street.

  6. madhaus Says:

    Instead we have corporate socialism, government takes money from taxpayers and distributes it to banks, who then foreclose on the wrong people.

    In this case, homedebtors took from each according to their ability and gave to themselves according to their needs.

    The production of too many useful things results in too many useless people.
    Karl Marx

  7. Chris Jordan Says:

    Unbelievable! We bought a 4 bed/2 bath in 1955 for a whole $50,000 closer to West Cliff Drive than this. Then bought a condo right ON West Cliff Drive for $15000. in 1960. This is definitely Santa Cruz greed. The house leaked due to the humidity and cost plenty to repair. The humidity won again completely red-tagging the condo as unsafe to live in; tear-down and rebuild planned in 2011. Value just is not there in a humid area!

  8. lebowski Says:

    This is a prime(or sub-prime) example of why I don’t own a home, and why I think a lot of people have money to throw away or are nuts or both. At least it looks like they remembered to take the trash out, and sweep the floor. Remember… no money no honey.

  9. Real Estater Says:

    anon,

    You got the last part?

  10. madhaus Says:

    Sorry, I’m acting as anon’s secretary this week. Let me see *riffle, riffle* ah, here we go, messages from #9… yes, um, oh here’s a good response for you… “You are unqualified to address me.”

    I’ll assume there’s no return message.

  11. nomadic Says:

    zing! :-P

  12. georges kfoury Says:

    Well it’s obvious that all the new laws, rules and regulation is structured and developed to the benefit of 2 parties, the client which is noble and letting only the big banks take over the mortgage industry. Well the question that rise, how will the mortgage bankers / correspondent lenders pay their loan officers more then what bank of America, Wells Fargo, Chase pay their loan officers and stay competitive with the big banks?

    The answer to that is something that lot of people are waiting for, and besides that everyone is anxious to see how things is going to fall in place, knowing that mortgage brokers and mortgage bankers loan officers are not a breed that enjoy the corporate way of doing business, and knowing that the big banks are not going to be hiring any new people due to the fact that they are going to be hammered with employment applications by loan officers, and that’s when crisis rise again and create more trouble in this industry.

    I see another wave of crisis for the mortgage industry that is coming, and this time it is going to really hurt and take little longer for everyone to adjust, also it’s going to reflect some unemployment and some financial crisis to some more people that are working hard and surviving out of today’s mortgage industry, the question is when is the crisis going to end for the people that are struggling to survive in today’s economy and decided not to leave the mortgage industry and decided not to work for the banks.

    I believe the answer to that, would be for the mortgage brokers and mortgage bankers to give more then what the big banks are giving to the public and to the real estate industry. It’s a simple philosophy give and you will get much more in return. We have set our path for 2011 strategy and the execution of our strategy will begin in January 15th of 2011. Our strategy will create opportunities for real estate agents to have more business and develop for them a strategy for continuous growth in return to have a massive bonding strategy between the real estate agents in our market with our loan officers in exchange for the value that is provided by the services and the strategies we bring to our industry. All we would like to ask for the loan officers, the mortgage brokers and mortgage bankers that are in the industry and they are facing some financial trouble or facing frustration of growth and development for their office or their company to join us on Facebook and join our company so we could put our hands together and promote what banks can’t promote, give the public and the real estate industry something that has never been provided and asking nothing in return.

    Our formula for success in 2011 is the way of conquering markets, it’s the new way to conquer this industry lets come together and turn this industry to our benefit and show the banks how hard it is going to be for them when we are taking their business away, and how much this industry is in a need for our breed of professionals.

    Links removed by request from georges. Beware the Penguin. –ed.

  13. madhaus Says:

    Sold for $657,000 on 1/28/11.

  14. SEA Says:

    From Redfin:

    “Feb 03, 2011 Sold (Public Records)
    This home was foreclosed. $544,000 – Public Records”

  15. madhaus Says:

    The heck? It sold and got foreclosed a week later?

  16. nomadic Says:

    How does a house get foreclosed twice in five months? What’s with this info? Propertyshark is getting crappier all the time and has nothing to offer.


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