111 Hoffman Returns For The Third (Or Fourth) Time In Six Years

As we reported in February 2010:

Purchased for $2,100,000 at the end of August 2005, 111 Hoffman ended up being taken back by the bank in September 2009 without an opening bid of $1,533,000 on the courthouse steps. It then returned to the market in December asking $1,469,250.

This past Friday, the sale of the Noe Valley single-family home closed escrow for a reported $1,500,000 ($566 per square foot), 3% over asking but 29% under its sale price in 2005.

Back on the market listed for $1,800,000 and touting “[a] rare opportunity to own a fabulous view home in one of the most desirable neighborhoods in San Francisco.”

As a plugged-in reader notes, that would be the third rare opportunity in six years, the fourth if you count the foreclosure of which plugged-in people were well aware.
∙ Listing: 111 Hoffman (5/3) 2,650 sqft – $1,800,000 [MLS]
∙ 111 Hoffman Closes Over Asking But 29 Percent Under Its 2005 Price [SocketSite]
∙ Another Bank-Owned Multi-Million Dollar (In 2005) Noe Valley House [SocketSite]
∙ Bank Owned In Noe: Is There (Another) Doctor In the House? [SocketSite]