I just listed a new short sale in Land Park yesterday, but before I get to that, let me tell you about a weird thing that happened on Friday. I've never, in all my decades of real estate, experienced this before. A buyer who was supposed to close escrow on a home in South Land Park sent me an email with an attachment. That attachment was a copy of the recording status of the home, and the email asked if the home had recorded. Since I was viewing this on my BlackBerry -- which has very small print on attachments, even if I zoom the image -- I stopped at my home office to look at it on my computer.

Sure enough, the document included a book and page number. But it also had Thursday's date, not Friday's. I contacted title. Whoa. The title company goofed up and recorded the wrong deed. That loan had just funded Friday morning, but title recorded the deed in error on Thursday. This didn't affect my buyers much, but it certainly affects the buyers who thought they had closed escrow on Thursday and probably moved in already. Just goes to show that even title companies make mistakes.

Sometimes, buyers make mistakes as well, especially when they are moving to Land Park from out of the area. Many homes in Land Park are unique, and their values can vary dramatically, depending on a plethora of indicators. That's why it's important to hire an experienced Land Park agent or it's possible that a buyer may overpay for a home here.

Unfortunately, some appraisers have no idea how to appraise a home in Land Park. They don't seem to know where the boundaries are for each subdivision or how crossing some boundaries can have an affect on value. So buyers can't always rely on an appraisal to substantiate value.

The sellers of my new Land Park listing paid $515,000 in the spring of 2005, probably the hottest market ever on record for Land Park. It is presently assessed at $429,236 by the County of Sacramento. So, if you're looking for a short sale in Land Park -- and there are only 3 active short sales available in Land Park at the moment -- you might want to check this out.

1000 Fremont Way is offered as a short sale at $325,000. This Land Park Tudor features 3 bedrooms, 2 baths, and according to the County Assessor has 1,471 square feet. It has refinished hardwood floors, barrel ceilings, nooks, crannies, built-ins, crown molding, a fireplace, formal dining room, breakfast nook, master suite, a bonus room off the garage, partial basement and attic storage. It was updated in 2005.

Plus you get boat storage, RV access and a garage that will hold 2 small cars. The back-yard has a covered patio that is made to look like a beach, with a sanded concrete floor, the sides of the overhang adjust and a ceiling fan. There is also a lawn in back that you will never need to mow.

Although the home has an address on Fremont, it actually faces 10th Street, and is a corner lot. But the back yard has a southern exposure. The A/C was new in 2005. It's got everything a Land Park buyer could want.

1000 Fremont Way, Sacramento, CA 95818
Offered exclusively by LYON REAL ESTATE as a short sale at $325,000
Elizabeth Weintraub, Land Park Agent, 916.233.6759

Photos: Elizabeth Weintraub