2543 Vallejo has been on our readers’ radar for just about a year. Purchased in January 2000 with a $1,395,000 variable rate loan, the Pacific Heights property was refinanced in February 2003 with a $1,680,000 variable rate loan, and then again in April 2007 with a $2,900,000 variable rate loan.
A month later a $500,000 line of credit was extended on the house as well.
In April of 2009 a notice of trustee sale (NOTS) was filed with $3,149,895 owned on the mortgage, and this past March the property was taken back by the bank with $3,224,168 due on the mortgage at the time.
Listed on the open market for $2,652,000 this past April, the single-family home has been on the market asking $2,395,000 since the beginning of June.
UPDATE: After we posted this morning, the list price for 2543 Vallejo was reduced from $2,395,000 to $2,349,900 after two months without a change.
∙ Listing: 2543 Vallejo (3/3.5) 2,788 sqft – $2,395,000 [MLS]
∙ An Appreciation (Just Not “Appreciation” Per Se) For 2668 Vallejo [SocketSite]