The cheapest home sold this week in Pasadena STILL sold for $200K over the asking price! WHAT? WHY?

This is the cheapest home sold this week in Pasadena.

Asking price: $649,000

Selling price: $861,000

This bungalow starter home has 2 bed/1 bath, 903 sq. ft. of living space, and is on a 5,195 sq. ft. lot.

The home features a brick fireplace in the living room, hardwood floors throughout, and LG appliances in the kitchen.

In the oversized fenced backyard, there is a covered patio, fruit trees, and a parking area.

Is this home worth the selling price?