||[Aug. 18th, 2012|01:27 pm]
Looking to buy a place in San Mateo or Foster City you see a lot of strange things. Today I ran across what are almost certainly error or scams.|
describes a vacant lot that was recently on the marke for $280k, but went unsold. However, the sales history indicates that the property sold for $1000k in 2006. I suspect that this is a case of data entry error, but since 2006 was deep in the throws of the housing bubble, it's hard to be sure.
Likewise, this property is curious as well:
It's a house on the market for $1400k, which is roughly 50% over neighboring comps. Strangely zillow values the property at $2443k, which is even more insane. The third curiosity is that the property sold for $365k in 1997, and then in 1999 for ten times that amount ($3,863,636). This probably due to data entry error. Maybe they got carried away typing 636363636363636363, and added a bonus six? The assessment value of $1M confirms something funny. My guess is that it was sold for $386k, and permitted improvements upped the value to $1M.