In April 2007 the Inner Mission fixer at 1376 Florida sold for $700,000. Since then “fully approved plans” have been secured and “permits are ready to be issued” for rebuilding the property as two “low energy condominiums” totaling 3,000 square feet.
Returned to the market professionally priced at $850,000 early last year, reduced to $799,000, then to $749,000, and then to $649,000 before being withdrawn last October, the property has just returned to the market as a short-sale listed for “$300,000.”
The sale of 1376 Florida closed escrow today with a reported contract price of $320,000. Yes, another “hot” over asking sale at a cool 54 percent ($380,000) under its 2007 price.
∙ Plans For The Inner Mission Fixer At 1376 Florida Come Up Short [SocketSite]