This property was recently purchased in April 2006 for $920,000. I'll speculate that this was a flip purchase that's gone awry. It recently went into pending sale status with a list price of $880,000 leaving a substantial loss of $90,000+.
Additionally interesting is the sales history available on the newly released sdlookup.com. It shows a sale in 2003 for $590,000 on this property. Are we headed back to 2003 prices? See this property on SDLookup.com
Type: Listed on MLS(#066085434)
Resale Price: $880,000
Loss@6% Sales Expenses: $92,800
Purchase Date: 04/11/2006
Holding Period: 7 months and counting...
Square Feet: 2081
Purchase Details: view