In this week’s list of top 10 underbids, we have 5 multi-unit properties, 3 single family homes, and only 2 condos (SOMA and Noe Valley). Coming in at #1 is this NOPA multi-unit building, which just closed 15.69% under it’s most recent asking price of $975,000, at $822,000. Hang on…it gets better.
This property was originally listed in May of 2015 at $1,600,000! That means this property traded just shy of 50% UNDER asking. I’m guessing you haven’t heard of 50% under in a while in San Francisco, so go ahead and spread the good news.
Whether you break this down at price per square foot, price under asking, actual sales price, and even location, you can’t argue that is a smokin’ good deal. Kudos to the buyers, and their agent. You scored.
As for the rest of the top 10, here you go.
Top 10 Maximum Underbids Of the Week:
| Address |
BR/BA/Units |
List Price |
Sold Price |
Underbid |
|
|---|---|---|---|---|
| 1667 Fulton Street | 2-4 Units | $975,000 | $822,000 | -15.69 % |
| 201 Hamilton Street | 5/3/2 | $1,299,000 | $1,150,000 | -11.47 % |
| 252 9th Street | 1/1/0 | $788,000 | $699,000 | -11.29 % |
| 3101 Castro Street | 2-4 Units | $1,380,000 | $1,265,000 | -8.33 % |
| 187-195 Hartford Street | 5+ Units | $2,700,000 | $2,500,000 | -7.41 % |
| 145-147 Alpine Terrace | 2-4 Units | $5,500,000 | $5,100,000 | -7.27 % |
| 1200 Castro Street | 2/1/1 | $849,000 | $810,000 | -4.59 % |
| 558-560 17th Avenue | 2-4 Units | $1,295,000 | $1,240,000 | -4.25 % |
| 1867 27th Avenue | 2/2/1 | $1,250,000 | $1,200,000 | -4.00 % |
| 134 Alhambra Street | 3/3/1 | $3,195,000 | $3,075,000 | -3.76 % |
Still not satisfied, how about the Top 20 Underbids available exclusively through The Goods.