June 10, 2009

A Well Designed District 4 Data Point Is Withdrawn (2209 9th Ave)

2209 9th Avenue

As we wrote in February:

Purchased for $1,126,000 in 2005, remodeled and returned to the market for $1,195,000 in June of 2008, the Henry Hill home at 2209 9th Avenue was withdrawn without selling in July. Back on the market today and listed for $995,000.
We can't call it an "apple" for a couple of reasons (including the view blocking new home next door), but we also wouldn't dismiss this well designed data point out of hand.

The list price was reduced to $939,000 in March. And while previously in escrow, today the listing was withdrawn from the MLS, either without a closed sale (most likely) or to avoid reporting the contract price (a not too uncommon new development trick).

Two Well Designed Data Points We Wouldn't Dismiss Out Of Hand [SocketSite]
Mid-Century Modern That’s Been Remodeled: 2209 9th Avenue [SocketSite]
∙ Another Mid-Century Modern Casualty: A Shift In Tastes Or Appetites? [SocketSite]

First Published: June 10, 2009 5:00 PM

Comments from "Plugged In" Readers

The Henry Hill house is back!

"As far back as I can remember, I've always wanted to be a gangster."

Posted by: lolcat_94123 at June 10, 2009 5:18 PM

What an ugly mess, architecturally speaking (and speaking as a non-architect). No one wanted to part with a cool million in after-tax dollars for this thing? Somehow I'm not surprised.

Posted by: Jimmy (No Longer Bitter) at June 10, 2009 5:36 PM

Can someone call the agent and find out?

Posted by: eddy at June 10, 2009 5:49 PM

"or to avoid reporting the contract price (a not too uncommon new development trick)."

Can someone explain this to me?

Posted by: mac at June 10, 2009 7:04 PM

"Court confirmation is now required for the sale of this home" according to the agent remarks in the MLS.

BTW, I agree with eddy -- I know it's just a blog but a simple phone call could have avoided the apparently baseless suggestion of impure motives.

Posted by: jw2200 at June 11, 2009 12:10 AM

"impure motives".

And here I was brought up to believe realestate agents were as pure as the driven snow.

I'm going back to bed, I feel......dirty.

Posted by: jon at June 11, 2009 5:00 AM

Naive question: Is it a legal requirement to report sales prices for closed transactions of homes and condos in SF? How about square footage? Thanks in advance...

Posted by: tkpsoma at June 11, 2009 6:59 AM

One of the owners is a realtor/listing agent--cannot recall his name though at the moment.

Posted by: socketsiteaddict at June 11, 2009 9:33 AM

You must report the sales price to the county because that is what prop taxes and transfer taxes are based on.

Posted by: anono at June 11, 2009 10:11 AM

Is it a legal requirement to report sales prices for closed transactions of homes and condos in SF?

there is no legal requirement that it be made public..if that is what you are asking.

Posted by: Geo at June 11, 2009 10:12 AM

While obviously the MLS doesn't seem to require a final sales price to be entered, the county must provide the information to anyone who properly requests it. In the bay area, most counties seem to put this info online- you just have to know where to look. This is how Case-Shiller and Dataquick, among others, get their info- from the county recorders' offices.

Posted by: anono at June 11, 2009 10:31 AM

Yes, one of the "owners" is a real estate agent and the other is a dentist, who filed a Chapter 11 bankruptcy. Also it's a short sale with a big tax lien against it. Obviously quite difficult to move such a transaction in this market.

Posted by: informed at June 11, 2009 10:44 AM

So technically it's still in escrow then?

Posted by: anon at June 11, 2009 10:51 AM

anono, can you tell us where to look for the transaction info online for SF?

Posted by: another naive at June 12, 2009 8:20 AM

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