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]