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Sacramento Serial Killer Home Sells: Sign of Market Improvement?
Sep 1st 2010 @ 10:13AM
This would be something to read in the disclosure forms when buying a home: Seven bodies were buried on this property.That probably isn't the exact wording on the legal documents for the buyers of 1426 F St. in Sacramento, but that's what they had to know before the home was recently auctioned to winning bidders for $215,000 -- a more than 50 percent drop from the $500,000 price the home sold for in 2005.
Maybe it was the falling housing market or the spookiness of owning a home used by a serial killer, but the former Sacramento boarding house owned by Dorothea Puente took a long time to sell after going into foreclosure in 2009, and having a last reported for-sale price of $335,750.
Puente started taking in disabled tenants in 1985. In 1988 police found the bodies of seven people buried there. Puente was convicted of three murders and is in state prison.
Why did the house sell now?
Internet real estate listings are full of photos of homes for sale, allowing buyers to spend hours looking at pictures. With such a large selection, you'd think that real estate agents would think twice before allowing poorly photographed homes to appear in their listings. But still, there are plenty of ugly listing photos out there.
California has the hottest markets for selling homes over the original asking price while Florida has the most places where homes sell for less, according to a new report.
About 650 homes for sale in Maine are priced at $1 million or more, and with the recession making it twice as hard to sell such homes, real estate agents in Maine are resorting to a lot more inventive marketing techniques.
A 55,000-square-foot mansion set for auction next month would easily fetch the
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With the average home in the desirable Dallas, Texas, suburb of University Park selling for more than $1 million, finding a deal can be difficult.








