As the attempted short sale of 99 Marietta up in Miraloma Park has come up short once again and a courthouse sale looms, the bank owned single-family home at 507 Teresita has hit the market listed for $772,000 (15 percent under its 2006 sale price) while the bank-owned single-family home at 51 Los Palmos Drive has been listed for $669,900.
51 Los Palmos had been purchased for $317,500 in 1989 but had been refinanced a few times since, most recently with second mortgage for $109,700 in 2006 on top of a first for $698,000 in 2005 for which the house would had to have appraised.
99 Marietta Comes Up Short (For The Sellers) In Miraloma [SocketSite]
∙ Listing: 507 Teresita (5/3) 2,552 sqft – $772,000 [MLS]
∙ Listing: 51 Los Palmos Drive (2/1) 1,278 sqft – $669,900 [MLS]

4 thoughts on “Coming Up Short In Miraloma (And Bank-Owned)”
  1. The asking price for 507 Teresita has just been reduced from $758,000 to $746,000. Once again, the Miraloma Park single-family home was purchased for $910,000 in July of 2006.

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