Purchased for $820,000 in May of 2004, this Central Richmond home was resold in July of 2005 for $1,200,000. Bought back by the bank this past January, 595 32nd Avenue was listed a month ago for $774,900 and recently reduced to $774,700.
As a plugged-in tipster notes, a rent roll of $2,000 according to the MLS. Hopefully that doesn’t include – or better yet, only includes – the in-law.
∙ Listing: 595 32nd Avenue (3/2) – $774,700 [MLS]
It was reduced by 200$ this month? Why bother with that?
^ my guess- it sends out another mls generated email to targeted audience. That happends when certain changes are made to the mls listing, like ‘price reductions.’
Or, they could go $788,888, this being the Richmond and all. That or the obligatory staged chopped pillows should do the trick.
Hopefully doesn’t need a garage.
seems like a decent deal, relative to other SF prices. if it wasn’t just outside my price range and that i’m no longer looking, i would be interested.
It needs to go down to $650k/$600k. It looks like it’s right across the street from Washington High School. It’s an open campus which means you’ll be seeing high school kids and their homies all the time.
The 9th picture on the mls is confusing me
This is a terrible location right across the street from George Washington High School. There has been a for sale sign on this property for about a year.
maybe the title was supposed to be
“Buy, Sell, Repeat, Retire…Until The Music Ends In Auction”?
I want this house just for the “custom Jacuzzi tub” in the rear yard. I am assuming the realtor has an wicked sense of humor.
“Buy, sell, repeat, retire … auction” makes no sense. It’s snide for snideness’ sake, only.
Love the picture of the hoodlum with his pants hanging down. I guess its a real depiction of the location…
Actually, it does make sense. What it refers to is the implicit plan that a lot of flippers over the course of the bubble had, which is to make sure that they retired before losses have to be realized on on the properties that they were flipping.
And that, as in the game of musical chairs, they were seated (i.e., out of the ‘game’) when the music stopped and the bank had to auction the property for its true (lower) value, passing the inevitable losses onto hard working taxpayers.
Here’s my favorite ‘up and coming’ neighborhood foreclosure. The two unit building at 118 21 Avenue (2514 sq.ft.) is scheduled to hit the auction block on October 26 for $907,426. It was originally bought for $1,020,000 in October of 2004. Interestingly enough, the owners of 188 21 Ave. were involved in a different real estate transaction where they sold a South SF property to Martin Eng. Mr. Eng, who has a propensity to file lawsuits, sued the couple alleging fraud. The couple filed a cross complaint claiming that Mr. Eng owed them money. A jury agreed and Mr. Eng is supposed to pony up $70,342.36. Some folks just deserve each other…
Let’s not forget some stats; the Central Richmond District currently has 39 properties for sale compared to a pent up supply of 24 foreclosures (NODs, NOTS, bank owned).
And one piece of information I forgot about 118 21st Ave.: the mortgage at the time of purchase shows up as $816k, variable. Another one courtesy of WaMu.
That doesn’t look like a hoodlum so much as a casually dressed high school kid in the picture. There’s a difference.
But right across from Washington is going to be pretty noisy during the day and basically have all the disadvantages of having a high school across the street. Including some of the rougher kids prowling around the house. Most of the kids are pretty nice, it’s just that there’s so many of them.
I was also wondering if picture 9 was the “custom Jacuzzi.” Hehehe.
Really Anonn? Those billboards all over the city were “snide for snideness’ sake”.
Hey I know that house. I hope the person I know is the one who made $480K, not ther other way around.
Hey I know that house. I hope the person I know is the one who made $480K, not the other way around.
Context. Ever heard of it?
The Hoodlum and the Jacuzzi. Priceless.
And this years Nobel Price in Real Estate Marketing goes to the creators of Buy, Sell, Repeat, Retire….
This place is rented for $2000 total, including the in-law rent. That is what the agent told me as I viewed the place.
The list price for 595 32nd Avenue was just reduced to $749,900. Once again, purchased for $820,000 in May of 2004 but then resold in July of 2005 for $1,200,000.
The list price for 595 32nd Avenue was just reduced to $724,900. Once again, purchased for $820,000 in May of 2004 but then resold in July of 2005 for $1,200,000.