Today, one of our (we’ll just call him/her “readers”) had the chance to get inside 2201 Baker, the $2,490,000 fixer in Pacific Heights, get the scoop, snap a few photos, and open our eyes to a true diamond in the rough. And of course provide us with “before” photos, should we still be blogging when the “after” shots hit the market.
The scoop:
It is a foreclosure (not sure we mentioned that.) About an hour before it hit MLS, it received an all cash, non-contingent, over asking offer from a developer. (Offers were as they come, per the bank’s request, not sure we mentioned that either.) About an hour after it hit MLS, a second offer was received. As of today (we haven’t checked MLS) it should be ratified. Many more offers were attempted, but turned away.
The photos:
No wonder it went from 15 bedrooms to zero bedrooms
The fun:
You’ll have to see the next post for that.
We’re hoping some of you readers can go ahead and run the numbers on whether this thing would make sense for a developer. Assuming it needs EVERYTHING, and is historical.
–2201 Baker @ Jackson. Read the disclosures [theFrontSteps]
–Fixer Facing Foreclosure, Move Fast! [theFrontSteps]
–How to sell a home in Today’s Market [theFrontSteps]
–Good Bones [theFrontSteps]
–Real Estate P*rn, for real! [theFrontSteps]