Triple homicide knocks 100K off house asking price

http://www.sfgate.com/cgi-bin/blogs/ontheblock/detail?entry_id=44945&type=realestate

Fat deal on triple homicide house

Turns out that violent crime is a great way to knock a hundred thousand dollars off an asking price.
512 Stanford Avenue: After a triple homicide, the price fell to $167,500 (the highest bid as of publishing) from $337,000.

Case in point: 512 Stanford Avenue, in Redwood City, was the site of a bloody triple homicide in June 2008. And although the house still looks like it's active in the MLS system (priced at $234,900), the property has gone to auction, where the highest bid is currently $167,500.

The house, which is marketed as a "charming bungalow in the desirable Dumbarton Acres neighborhood" was re-listed in March 2009 for $285,000, and that's down from its original asking price -- $337,000 -- at the time of the murders.

Read more: http://www.sfgate.com/cgi-bin/blogs/ontheblock/detail?entry_id=44945&type=realestate#ixzz0NVMVTNMj



Press release about the murders. Don't know if they were solved: http://docs.google.com/gview?a=v&q=cache:8yjV0V1R3gUJ:www.co.sanmateo.ca.us/vgn/images/portal/cit_609/36/36/131345232320080710_stanford187_update4.pdf+512+Stanford+Avenue,+in+Redwood+City&hl=en&gl=us

They are great bargains. If we move to Bloomington there's one we have our eye on that the locals won't touch--dh has already toured the place and we could get an amazing deal.
Neither of us are superstitious and our kids couldn't care less about the story.

I know of a woman who moved into a house without checking the history with the local police. Folks started driving by looking for the past residents....so it depends on the history.

the house that she lives in was from a murder victim (she investigated the murder)

but that was the first that came to mind when I saw it. She also ends up adopting the victim's cat.

First time that show made me sob.

Caused by that big-ass garage in the front.