Purchased for $900,000 in 2003 but refinanced with a $990,000 first in February 2006 and a second for $200,000 four months later, 111 Day Street was taken back by JP Morgan Chase Bank this past March with no bidders at $931,980 cash on the courthouse steps.
The single-family Victorian “in [an] unbeatable Noe Valley location” is now back on the market and listed for $915,000 with the ability to finance (and refinance) once again.
∙ Listing: 111 Day Street (3/2.5) 1,585 sqft – $915,000 [MLS]
“in [an] unbeatable Noe Valley location”
Its in a decent location but also one that is very easy to beat within Noe.
How about some photos?
Don’t count on the banks to be any more competent in pricing properties today than they were in making loans yesterday. Here’a Noe example to illustrate the point: the two-unit building on the southeast corner of Dolores & 24th. Listed a couple of months ago as a REO for $850,000. Sold for $1.3M.
A 900K 2003 purchase for such a property was a pretty big mistake. The lot is only 1300 feet.
Quick glance — cute looking, but kills me how next door was permitted to build a veritable wall marring the building’s loveliest facade asset; the curved turreted section. I can’t breathe. Can new construction get away with this sort of blatant disregard today?
I agree invented. The next door neighbor is a real deal killer for me.
Otherwise it’s OK? The zero lot line (or nearly so) would be fine with you? That’s the main problem here, IMO.
795K is my bet. That Nixon era box next door is tragic.
That is a big place for the price in Noe. It is surrounded by apartment buildings and it is located on a mediocre block, though it is close to a lot of good stuff in Upper Noe. I walked by it yesterday and it seems to be in okay condition from what I could see. If I was going to be in town this weekend I would go to the open house and report back.
Why only one photo and one open house? The Realtor is not doing her job here.
I looked at this place and while it is large for the price in Noe, it has the problems noted earlier. And no yard, if you couldn’t tell from the 1300 sq ft lot size.
Lots of foot traffic. And it is a pretty decent layout, with two large bedrooms and two bathrooms upstairs and a large living area plus a bonus bedroom/office downstairs. The kitchen has a funky layout and is missing some appliances and generally needs work. It seems larger than 1585 square feet to me.
Next door to this home is a 6 apartment building with various ethnic people who play loud music and party through the weekend. I lived across the street from this building for years. Never got use to the music or the noise or cars parking in front of the building.
“6 apartment building with various ethnic people”
Oh noes! Ethnic people! Hide your women!
Btw, there are more pictures now, but they’re not very good. Some of them are dark, with the irony that they are probably meant to show the natural light brought in. Some of them are useless, such as the “Look at my toilet! Isn’t it awesome?” picture.
The list price for 111 Day has just been reduced to $869,250. Once again, purchased for $900,000 in 2003 but refinanced with a $990,000 first in February 2006 and a second for $200,000 four months later.
The list price for 111 Day has just been reduced to $825,790.
I’ll be surprised if it doesn’t sell at the new price. It’s competitive with Noe condo prices now.
Sold for $790k. Kurt Brown wins it all!
I never looked at this place in person but it seems like the buyer got a good deal.
This *must* be a condo. How else could it sell for 20% under 2003.
Good point. The no yard factor makes this more like a condo.
Nice call Kurt.
Is that the realtor walking by the house?