Cindy Liebsch

Peninsula Real Estate News

Shocking! Short Sale in Lindenwood – Atherton, CA Neighborhood

What a shocker!  I never thought we would see such a low priced short sale in Lindenwood

I feel for the Sellers whose home in the lovely Lindenwood neighborhood in Atherton, CA just sold by short sale.  Lindenwood is one of the prettiest neighborhoods on the peninsula, and one of my favorites.  Enclosed by open gates, the tree lined streets wind and turn among estate sized lots with charming, medium to estate sized homes.  A shock to see that 150 Toyon Road recently sold as a short sale with six offers.  It is up to the bank to now finalize the sale for the 3,000 square foot remodeled ranch style home sitting on over an acre.  The property originally came to the market for sale at $2,775,000.00 but soon reduced to $2,175,000.00 to garner more interest and offers.  Now in pending status, escrow is to close by December 31, 2009.  I heard that it sold over the asking price of $2,175,000.00.  Not surprising since Lindenwood has been a wonderful area of Atherton to live in with lots of room between neighboring properties, it is generally peaceful (although there is a lot of remodeling going on), and usually a good return on investment.  I wish the Sellers a good future and hope things work out for the best for them.

I just researched and found that there is one other home in pre-foreclosure status in Lindenwood.  It will be interesting to see if the sales price reduces to attract a buyer anytime soon.  Stay tuned for more updates on one of the best areas on the peninsula to live in.

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