 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PIRATE COMPS
by Brian Dittman |
|
|
|
 |
|
 |
|
 |
|
 |
|
|
|
Last |
|
Top |
|
Next |
|
|
|
|
|
|
|
Northern California's three biggest counties saw most of the action in March and April. Bidding at the trustee sale is not without its risks, and is definitely not for the novice. Look at these numbers and decide for yourself which of these buyers are the real pirates.  |
|
|
|
|
|
|
|
Property Address |
Buyer Name |
Property Type/Size |
Amount Owed to Lender |
Amount Paid by Bidder |
Sale Price/Comp Value |
Gross Revenue |
% of Market |
|
1923 East 29th St.,
Oakland |
Benchmark Investment |
SFR
1226 Sqft |
$18,497.60 |
$19,200.00 |
$89,500.00
sold 11/26/97 |
$70,300 |
21 |
|
830-834 Vermone St.
Oakland |
Robert Kramer |
Triplex
3063 Sqft |
$187,263.72 |
$240,800.00 |
$349,000
sold 12/23/97 |
$108,200 |
69 |
|
4456 Edwards Ln.
Castro Valley |
John Shiells |
SFR
1141 Sqft |
$71,235.25 |
$140,000.00 |
$200,000
comp |
|
70 |
|
|
|
|
|
|
|
|
|
5325 School St.
El Cerrito |
Spencer David Co. |
SFR
1404 Sqft |
$80,566.07 |
$81,300.00 |
$150,000
comp |
|
54 |
|
928 Lassen St.
Richmond |
Michael Thaler |
SFR
823 Sqft |
$10,332.79 |
$63,002.00 |
$110,000
comp |
|
57 |
|
217 Brighton St.
Hercules |
Miguel De Sanz |
SFR
1149 Sqft |
$109,492.63 |
$115,801.00 |
$160,000
comp |
|
72 |
|
|
|
|
|
|
|
|
|
*Average purchase = 62 cents on the dollar. *Average expected earnings = $29,000 per deal |
|
|
|
Property Address |
Buyer Name |
Property Type/Size |
Amount Owed to Lender |
Amount Paid by Bidder |
Sale Price/Comp Value |
Gross Revenue |
% of Market |
|
797 Alamos Ave.
Sacramento |
San Antonio General Ptp |
SFR
936 Sqft |
$27,303.47 |
$27,500.00 |
$60,000
comp |
|
46 |
|
6010 Power Inn Rd.
Sacramento |
Chander Soin |
SFR
942 Sqft |
$22,078.60 |
$30,701.00 |
$60,000
comp |
|
51 |
|
7441 Palmer House Dr.
Sacramento |
Eric Long |
SFR
2119 Sqft |
$35,734.86 |
$61,500.00 |
$100,000
comp |
|
62 |
|
2513 Cassella Way
Rancho Cordova |
Daniel Gostage |
SFR
1000 Sqft |
$28,832.06 |
$50,800.00 |
$82,000
sold 10/01/97 |
$31,200 |
62 |
|
2816 Marmar Ct.
Sacramento |
James Ellison |
SFR
1411 Sqft |
$20,526.30 |
$75,000.00 |
$86,500
sold 11,10,97 |
$11,500 |
87 |
|
|
|
|
|
|
|
|
|
2 Glenbrook Ave.
San Francisco |
Mark Giraudo |
SFR
2952 Sqft |
$582,706.86 |
$582,707.00 |
$800,000
comp |
|
73 |
|
|
|
|
|
|
|
|
|
Property Address |
Buyer Name |
Property Type/Size |
Amount Owed to Lender |
Amount Paid by Bidder |
Sale Price/Comp Value |
Gross Revenue |
% of Market |
|
701 Templeton Ave.
Daly City |
Dominic Ip |
SFR
880 Sqft |
$60,465.47 |
$80,000.00 |
$180,000
comp |
|
44 |
|
291 La Casa Ave.
San Mateo |
Karen Doherty |
SFR
1165 Sqft |
$251,328.01 |
$280,000.00 |
$365,000
comp |
|
77 |
|
|
|
|
|
|
|
|
|
*Average purchase = 69 cents on the dollar. *Average expected earnings = $54,000 per deal |
|
|
|
Property Address |
Buyer Name |
Property Type/Size |
Amount Owed to Lender |
Amount Paid by Bidder |
Sale Price/Comp Value |
Gross Revenue |
% of Market |
|
1193 Sandstone Ln.
San Jose |
Jeff Toews |
SFR
1994 Sqft |
$212,392.13 |
$212,392.14 |
$307,000
sold 12/05/97 |
$94,600 |
69 |
|
3531 Verdi Dr.
San Jose |
Surinderpal Bains |
SFR
1106 Sqft |
$137,228.55 |
$137,700.00 |
$190,000
comp |
|
72 |
|
626 Lanfair Dr.
San Jose |
Toribio Valdivia |
SFR
1891 Sqft |
$195,954.54 |
$210,500.00 |
$290,000
comp |
|
73 |
|
1290 Hersman Dr.
Gilroy |
Teofilo Bagain |
SFR
2229 Sqft |
$97,437.37 |
$207,500.00 |
$280,000
comp |
|
74 |
|
1901 Newman Pl.
Mountain View |
Santa Teresa Rltrs |
Condo
1916 Sqft |
$288,186.92 |
$288,187.00 |
$385,000
comp |
|
75 |
|
|
|
|
|
|
|
|
|
857 La Cruz Ln.
Vacaville |
Eric Andrewsen |
SFR
1633 Sqft |
$67,424.42 |
$67,425.00 |
$150,000
comp |
|
45 |
|
|
|
|
|
|
(800) 310-7730 |
|
|
Copyright ©1996-98, Tahoe Wheaton, Inc. - No duplication permitted without written consent. |