January 11, 2011

The Full 2209 9th Avenue Scoop: Sold And...Coming Back Soon

As we confirmed yesterday, our tipster was correct and the Henry Hill designed District 4 home at 2209 9th Avenue sold to a private party on the courthouse steps in December.

So here’s the full plugged-in scoop, while the bank’s published bid for the foreclosure auction of 2209 9th on December 3rd was $977,367, the opening bid was actually $556,488, and the winning bid $687,900 cash (or rather cashier's checks).

The buyer has since reconfigured the kitchen with new cabinets and counters tops, refinished the floors, and repainted. And the property will be back on the market by the end of the month with an expected list price under $900,000.

Once again, the Forest Hill home last sold on the open market for $1,126,000 in 2005 with a $900,800 loan ($225,200 down) and has now been remodeled twice since.

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A Well Designed District 4 Data Point Is Withdrawn (2209 9th Ave) [SocketSite]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 11, 2011 1:15 PM

Comments from "Plugged In" Readers

yeah, this is going to end well

Posted by: anon at January 11, 2011 3:48 PM

brutal.
that's a serious cashier's check though.

Posted by: lolcat_94123 at January 11, 2011 3:57 PM

Given that no one seems to know the opening bid price in advance, how do you produce a cashiers check for your bid.

Posted by: tipster at January 11, 2011 4:20 PM

Given that no one seems to know the opening bid price in advance, how do you produce a cashiers check for your bid.

The most common strategy is to bring multiple checks in various denominations which are then countersigned and combined as needed.

Posted by: SocketSite at January 11, 2011 4:36 PM

Just bring a stack of $1000 money orders and then Benjamins and assorted bills, tipster. :)

You don't even need a brief case, since it's only 687 USPS money orders plus 9 Benjamins. Of course, the clerk might go postal from having to issue that many.

Posted by: sfrenegade at January 11, 2011 5:40 PM

To cover any bid from 5K to 800K, I'd bring the following:

400K
200K
100K
50K
30K
15K
10K
5K

Posted by: lol at January 11, 2011 5:53 PM

A remodeled 2209 9th Avenue has returned to the market listed for $829,000.

Posted by: SocketSite at January 21, 2011 11:40 AM

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