October 29, 2009
Who’s The Comp Now? (160 Westgate Drive Closes Escrow)
Advertising "priced below neighborhood comps" at $1,025,000 in August, the bank-owned sale of 160 Westgate Drive closed escrow on 10/27 with a reported contract price of $1,040,000. That’s 1% over asking for the single-family Mount Davidson Manor home.
Of course that's also 19.7% under its purchase price in 2005 which didn’t account for its 2007 remodel, a few appliances from which were missing this time around.
So who’s the comp now?
∙ Five Years Of Appreciation Under Its Un-Renovated Year 2005 Price [SocketSite]
First Published: October 29, 2009 12:45 PM
Comments from "Plugged In" Readers
Speaking of comps, 171 Kenwood Way (3 beds, 2.0 baths, 2,180 sq ft) has been on life support for a while (power and water liens), and it appears destined for the auction block. The latest NOTS was filed on August 31. Call it pent up suppy...
Posted by: EBGuy at October 29, 2009 1:22 PM
Better check to see if the copper pipe is still there too!
Posted by: JimBobJones at October 29, 2009 1:52 PM
It looks like the appliances never went in since they have not even put the knobs on the (Home Depot looking) cabinets...
Posted by: FormerAptBroker at October 29, 2009 9:13 PM
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