The Harder They Come, The Harder They Fall?
By Ryan Rockwood
….If so there must have been a thunderous crash recently when 10 Poppy Trail, Rolling Hills, CA went on the auction block.
It appears the minimum bid was $2,880,000 which sounds steep until you compare it the properties recent list price of $9,990,00. Holy Cow.
So what went wrong here? Why didn’t the owners just sell for $2,880,000 last fall? Great question, I’m glad you asked! I would love to know myself. So if you are privy to inside info please comment below!
But we do know that the recent foreclosure killed about $2-million worth of other mortgages on the property. So it would have been impossible to have sold the home for much less than a cool $5-million!
For more information on this or any other Palos Verdes Peninsula Peninsula. Call me at 310-809-0203 right away!