While the foreclosure of 2041 Sacramento was inexplicably reported as a “sale at $1,950,000” on the San Francisco Association of Realtors MLS in October, as plugged-in people know it wasn’t.
And while the property returned to the market a few days later asking $1,695,000, in November its list price was reduced to $1,577,700. And as a plugged-in reader notes, on Friday it was reduced to $1,499,000 (“DRASTIC REDUCTION for quick sale!!!…Won’t last!”).
Purchased for $2,286,500 in June 2007, a sale at asking would represent a 34 percent ($787,500) drop in value over the past three and one-half years for the “beautiful house-like top floor 2-level 3BR/3BA condo in prime location across from Lafayette Park.”
∙ Listing: 2041 Sacramento (3/3) 2,503 sqft – $1,499,000 [MLS]
∙ At Least The MLS Is Accurate In Terms Of The Reduction… [SocketSite]
∙ While The MLS Reports A “Sale,” Public Records Report A Foreclosure [SocketSite]
∙ A Year Later An Apple Falls In Pacific Heights (2041 Sacaramento) [SocketSite]
∙ An Apples To Apples (And Rather Prime) Update For 2041 Sacramento [SocketSite]
∙ North To South (And Apples To Apples) From Atop 2041 Sacramento [SocketSite]