Tuesday, April 28th, 2009
It might not be your cup of tea, but 18 buyers showed up to the recent tea party at 274 De Long (4 bed, 2 bath, Single Family in the “Outer Mission”…as pertains to the SFAR Districts Map…think more Crocker Amazon/Oceanview), and 17 of them will go home empty handed and hungry.
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We know what you’re thinking, “Eighteen offers on that!?”
Yeah, we’re thinking the same thing.
Asking price: $336,600, and since we know you’re going to ask, last recorded sale in MLS, 1996 at $185,000.
-274 De Long [sfnewsletter.com listing detail page]
Tags: Bank Owned, foreclosure, Outer Mission, REO
Posted in Foreclosures | 2 Comments »
Wednesday, February 25th, 2009
It’s a great day in the eyes of Realtors everywhere! Overbids are back, multiple offers have returned (stay tuned for 262 Minerva), and the rain is going to stop. Orrrrrr…maybe not.
The story is becoming all too familiar, and 166 Majestic is no different. This 2 bed, 1 bath, 1000 square foot single family home in the Oceanview district of San Francisco was surely “priced to sell quickly” at $399,900, and sell quickly it did (Days On Market show 90 days, but that is time lag for bank approval of the REO.)
Here’s the bad part for the seller, purchased in 2006 for $699,000…and the good part for the buyer, purchased today for $461,000. Indeed that is 15% over asking today, but 34% less ($238,00) than the last recorded sale in 2006. We keep saying, if you’ve got the funds, the good credit and you plan on staying a while, “it’s a great time to be a buyer”.
-166 Majestic [sfnewsletter listing detail page]
-Oceanview District, San Francisco [Tour de San Francisco (real estate)]
Tags: Bank Owned, Oceanview, overbid, REO
Posted in market info | 1 Comment »
