January 10, 2011
Oh Henry! As 2209 9th Avenue Is
Handed Back To The Bank Sold!
As we wrote in February 2009:
Purchased for $1,126,000 in 2005, remodeled and returned to the market for $1,195,000 in June of 2008, the Henry Hill home at 2209 9th Avenue was withdrawn without selling in July. Back on the market today and listed for $995,000.
We can't call it an "apple" for a couple of reasons (including the view blocking new home next door), but we also wouldn't dismiss this well designed data point out of hand.
As we added that June:
The list price was reduced to $939,000 in March. And while previously in escrow, today the listing was withdrawn from the MLS, either without a closed sale (most likely) or to avoid reporting the contract price (a not too uncommon new development trick).
And as a plugged-in tipster adds today, it would appear that the Henry Hill home at 2209 9th Avenue
was returned to the bank three weeks ago with $687,900 owed on its first sold.
UPDATE: While we can’t yet confirm (stay tuned), our tipster has good reason to believe that it was actually a private party that picked up the property from the bank with a winning bid of $687,900 (versus over $900,000 owed).
UPDATE: Consider it confirmed, purchased on the courthouse steps for $687,900 cash.
∙ 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∙ A Well Designed District 4 Data Point Is Withdrawn (2209 9th Ave) [SocketSite]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 10, 2011 11:15 AM
Comments from "Plugged In" Readers
It's small, it's not Henry Hill's best house, and it's also a cautionary tale: Don't buy a house next to an empty lot.
Posted by: Rocco at January 10, 2011 12:35 PM
Another down payment down the toilet.
Posted by: El Bombero at January 10, 2011 2:03 PM
Consider it confirmed, purchased on the courthouse steps for $687,900 cash.
Posted by: SocketSite at January 10, 2011 9:56 PM
Sweet deal for somebody.
Posted by: EH at January 11, 2011 1:42 AM
Posted by: SocketSite at January 11, 2011 1:24 PM