The original list price was $399,000. The house was a 3 bed, 2 bath home with 1,356 sq. ft. of living space, and a lot of 4,950 sq. ft. The house needed work but the location made it a nice buy. Fixed up, the house may go as high as $650,000.
The house was listed January 25, 2013, went pending February 5, 2013, and went to court March 26, 2013. That was fairly fast. Many people dislike probate sales because they think the process may be lengthy...and sometimes it can be.
Back to court. The first court overbid was set at $515,000. Yikes! The winning bid must have been around $490,000. Jeeesus. Almost $100,000 over or 20%. The new bidder made his offer at $515,000 and that was it. The buyer's agent did not try to bid. So the winner was the new bidder.