March 26, 2010

Now An Eight, Two Nines And A Sexy Six For 6521 California

6521 California

As we wrote this past December:

Purchased for $562,000 in April 2004 but then "completely renovated [with] extensive high quality and designer touches throughout this charming house," 6521 California returned to the market just three months later asking $888,000. It closed escrow in August 2004 with an MLS reported sale price of $938,888.
According to public records the buyers of the house in 2004 financed the purchase with two variable rate loans totaling $938,850. And according to its latest listing, the "Sea Cliff" house is now bank owned and asking $799,900 (but subject to tenant rights).
Apparently $38 isn’t enough skin to keep a buyer in the game.

Withdrawn from the market in January without a sale, 6521 California is back on the MLS with an official one day on the market and asking $689,900 (26 percent under its 2004 comp setting sale price).

∙ Listing: 6521 California (2/2 + 1/1) 1,474 sqft - $689,900 [MLS] [Map]
San Francisco Real Estate Districts: Maps And Neighborhoods [SocketSite]
Not So Lucky Number Eights (Maybe The Nines Will Be Better) [SocketSite]

First Published: March 26, 2010 3:15 PM

Comments from "Plugged In" Readers

are we talking land value here?

Posted by: bernalkid at March 29, 2010 7:42 AM

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