July 26, 2011

Remodeled Apples-To-Apples On 16th Avenue (2321)

2321 16th Avenue

Listed as a "pristine, fully detached, beautifully and tastefully remodeled Spanish / Mediteranean (sic) style home in a Great Location" for $749,000 in February 2003, the Inner Parkside home at 2321 16th Avenue sold for $800,000 that April and refinanced with $860,000 in debt three years later (November 2006).

Taken back by the bank with no bidders at $675,750 cash on the courthouse steps last August, the home is back on the market and listed for $720,000 with "special financing & incentives available," ten (10) percent under 2003 on an apples-to-apples basis.

According to the selling agent-owner in 2003 when listed with 2,100 square feet, the "rooms down [are] unwarranted." According to the listing today at 1,575 square feet, there’s an "InLaw (w/ some [unwarranted] work)."

∙ Listing: 2321 16th Avenue (4/2) 1,575 sqft - $720,000 [MLS]

First Published: July 26, 2011 1:00 PM

Comments from "Plugged In" Readers

My favorite part of this listing is picture 9. The way the image is composed with the commode in the corner really draws one in. The fact that the lid is up enables one to imagine one's self engaging with the facilities.

Seriously - this seems like a good price for this close to West Portal. Interesting way they slipped an extra street in there between 15th and 16th. Makes for a small lot.

Posted by: semi-contented renter at July 27, 2011 9:39 AM

The sale of 2321 16th Avenue closed escrow today with a reported contract price of $745,000, officially "over asking" but 6.8 percent ($55,000) under its 2003 price.

Posted by: SocketSite at August 19, 2011 1:44 PM

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