Well, somebody may have scored a pretty good deal in Lakeshore.
The four-bedroom home at 111 Riverton Drive originally hit the market asking $1,800,000. When the dust settled on October 21, it SOLD for $1,600,000. That’s $200,000 under asking, or an 11.1% haircut. Ouch!
Built in 1950, this detached home comes with an updated kitchen, a level backyard, and additional living space downstairs. Not bad for the price!
Now here’s where things get interesting…
A substantially renovated four-bedroom home over on Springfield Drive sold OVER asking in August. Another 1950-era home on Eucalyptus Drive did the same in June.
Of course, every property has its differences (condition matters, folks!), but Riverton’s sale certainly raises an eyebrow.
The buyers walked away paying substantially less than the sellers originally wanted. Whether they got a genuine bargain depends on the home’s condition and market value.
Still, a $200,000 discount from the original ask in San Francisco?
Pretty darn good on paper!
For more Underbid sales, head to The Goods.
Thinking of buying or selling? Contact us today to work with the only realtor in SF giving back to the planet with each transaction.
– 111 Riverton Dr, San Francisco, CA 94132 (The Goods)
Alexander Clark
theFrontSteps Real Estate
Top 1% SF Agents
Founder theFrontSteps
DRE# 01339386
@theFrontSteps
415-254-5351
[email protected]
“Alex is, simply put, the best real estate agent in San Francisco. In a span of a few years, Alex has helped us buy two homes, and sell another two. Most of those deals presented unusual, and daunting challenges–financing problems…” Continue Reading