January 21, 2011
2209 9th Avenue Sports An Open Market Eight In 2011
To summarize: purchased for $1,126,000 in 2005, listed for $1,195,000 in 2008 and last asking $939,000 before being withdrawn, the Henry Hill home was foreclosed upon this past December with a bid of $687,900 on San Francisco’s courthouse steps.
The home has been remodeled a bit since, we’ll let you decide to what effect.
∙ Listing: 2209 9th Avenue (2/1) 1,204 sqft - $829,000 [MLS]
∙ The Full 2209 9th Avenue Scoop: Sold And...Coming Back Soon [SocketSite]
∙ Oh Henry! As 2209 9th Avenue Is
Handed Back To The Bank Sold! [SocketSite]
∙ Two Well Designed Data Points We Wouldn't Dismiss Out Of Hand [SocketSite]
∙ Mid-Century Modern That’s Been Remodeled: 2209 9th Avenue [SocketSite]
∙ Another Mid-Century Modern Casualty: A Shift In Tastes Or Appetites? [SocketSite]
∙ A Well Designed District 4 Data Point Is Withdrawn (2209 9th Ave) [SocketSite]
First Published: January 21, 2011 12:00 PM
Comments from "Plugged In" Readers
The house actually looks cool on the outside. The interior . . . not so much. I would consider it for $650K. It's overpriced (buyer paid too much) even off the courthouse steps. The one bed in each BR takes up almost the entire room -- waaay too small. The sterile-looking kitchen is bland/boring.
Posted by: Eh at January 21, 2011 1:32 PM
I liked the house when I toured it last time but I question the square footage listed as there is only 1 decent size bedroom and as you can see from the pictures, there is no room for a real dining room table. It seems to me to be less than 1000 square feet.
Posted by: 94114 at January 21, 2011 1:55 PM
"remodeled"' but not a single permit was pulled (checked with DBI). I guess in 2011 replacing a stove top is called remodeling
Posted by: EH at January 21, 2011 2:42 PM
It has almost become a tear down, because they let that monstrosity be built next door.
Posted by: Marten at January 21, 2011 6:50 PM
i would not buy it even with someone else's money but i guess there are some fans. i wonder which will sell first and for more money-this or the one bedroom clay st condo?
Posted by: anonee at January 21, 2011 9:50 PM
Ok- to say that 2209 has been remodeled again still continues to be laughable... I have been visiting this home for 3 years, and to be clear, the most noticeable recent modifications have been paint, and countertop replacements. The (old) kitchen cabinets were simply painted over, faucets were replaced, and the (old) bathroom tiles have been reglazed. All the single-pane windows need to be replaced badly. If I was hunting for a condo, this would be a really nice alternative if it was priced lower. This house simply has a long history of bad renovation decisions...
Posted by: LawSF at January 25, 2011 12:49 AM
They re-glazed the bathroom tiles in the last go round but they re-sanded the floors this time. Still no real major remodeling.
Posted by: 94114 at January 25, 2011 8:43 AM
Posted by: 94114 at January 25, 2011 10:42 AM
2209 9th Avenue sold for 869. Crazy.
Posted by: anon at February 18, 2011 2:46 PM
Sold on the courthouse steps for 687,900 back in December. The new owner puts maybe 10,000 into it and then turns around and sells it for 869,000 in February.
Posted by: 94114 at February 18, 2011 2:59 PM
869...crazy... a classic modern home in Forest Hill, i thought it would go for over $900
Posted by: noearch at February 19, 2011 11:48 AM
so courthouse steps equals legit comp?
so is the market now up that much since december?
Posted by: anonee at February 20, 2011 7:47 PM
Well, it means that the legendary "one" buyer needed was too lazy (or too cash-poor) to do the effort of snatching it for almost 200K less.
As they say, one is born every minute.
But I believe courthouse step sales are limited valid comps. It removes one buyer from the pool, one property from the inventory. It also gives an idea of what people will pay with real cash, the kind that usually doesn't grow back that easily.
Posted by: lol at February 22, 2011 7:16 AM
I don't think so. The December purchase was a month before the FBI finally stepped in and told the courthouse steps bidders what its investigators knew. This one looks like a "wink-wink, your turn buddy" kind of deal. So do a bunch of them looking backward come to think of it.
Posted by: [anon.ed] at February 22, 2011 8:36 AM
anon.ed makes a good point -- every "courthouse steps" sale is suspect since the pool of buyers there were apparently in collusion. Could one have slipped through and been bought by someone outside of the cartel? Possibly, but I wouldn't read too much into the data insofar as determining comps for a neighborhood.
Posted by: Jimmy (No Longer Bitter) at February 22, 2011 8:41 AM
I'm not sure if your kidding or not, but as someone who has been following this property for a few years now, the whole sequence of transactions on this property look very suspicious to me.
Posted by: anon at February 22, 2011 8:42 AM
Nope its real -- follow the link I posted to the news story.
Posted by: Jimmy (No Longer Bitter) at February 22, 2011 8:50 AM