June 10, 2008
First Class Remodel, But Not Finished: Short Sale Cause Or Effect?
A few words you might expect to see in a listing for a Monterey Heights house: “Over 4500 sf, Overlooking St. Francis Wood, Ocean Views from 2 Floors.” A few words that you might not: “SHORT SALE subject to lenders approval.”
And the obvious question: “First Class remodel, but not finished,” cause or effect?
∙ Listing: 60 Ravenswood (4/3.5) - $2,100,000 [MLS]
First Published: June 10, 2008 3:51 PM
Comments from "Plugged In" Readers
Can't tell if this is a case of home ATM run dry or a money pit that bled the owners dry but doesn't look like a flip gone bad. Purchased in 2002 for $850K with a few refis since. Anybody know the loan balance?
Posted by: Michael at June 10, 2008 6:51 PM
Whatever happened to Satchel? He'd be able to tell the life story of the previous owners no doubt.
Posted by: kaya at June 10, 2008 8:13 PM
I miss Satchel.
Posted by: diemos at June 10, 2008 8:20 PM
I miss Satchel, too :(
Posted by: asiagoSF at June 10, 2008 9:03 PM
What's up with the photos? Don't you think for a $2+ million dollar listing the agent could hire a professional photographer and put a little effort into the marketing?
Posted by: tt at June 10, 2008 9:11 PM
Where IS Satchel? Can we beg him to come back?
Posted by: electravoltz at June 10, 2008 9:37 PM
from the MLS description:
Carrera Marbel in Kitchen and Bathrooms
Is Carrera the housekeeper?
Posted by: Delancey at June 11, 2008 6:48 AM
Satchel, please come back!
Posted by: gotoutin2001 at June 11, 2008 7:27 AM
Delancey, that made me laugh out loud. Gotta love a two-sentence listing and the guy still cannot check for typos.
The permit and refi history of this one is complicated. It looks like a substantial remodel and likely a sizable addition as well. Then from the seller/buyer history it looks like probably a divorce and lots of refis -- a good guess is a half-realized plan to create a dream house that fell apart. Lender takes it on the chin (again).
Posted by: Trip at June 11, 2008 7:55 AM
I guess the realtor was reading Socketsite. Some of the typos, including "Marbel" have been corrected, but the listing could still use a little work, just like the property.
Posted by: ALJones at June 11, 2008 2:01 PM
Hard to tell from the pictures but the renovation looks/sounds better than most. Makes sense if they were renovating to live rather than flip. $466 per square seems like a decent price depending on how much is left to finish.
Posted by: nonanon at June 11, 2008 2:24 PM
But he hasn't fixed the "Carrera" thing. I have seen this typo so many times it's annoying.
NOTE TO REALTORS: IT'S CARRARA MARBLE, NOT CARRERA.
Posted by: San FronziScheme at June 11, 2008 2:27 PM
A Carrera is just slightly more expensive than Carrara.
Posted by: unearthly at June 11, 2008 3:34 PM
Those pictures...
... look like something my Mom would take.
Posted by: Tripp Knightly at June 11, 2008 10:27 PM
this one needs to be resurrected for discussion... after 145 DOM it sold for $200k OVER the asking price!!!
Is it late and I'm reading that wrong???
Posted by: sfrob at January 21, 2009 12:38 AM
Post a comment
Continue Perusing SocketSite:
« And On His Little Urban Farm He Grew A Little Apple... | HOME | 555 Washington Vote Delayed (Again) By "Administrative Error" »
