2701 Van Ness Avenue #409
Purchased for $639,000 in early 2009 after which the kitchen was completely remodeled and an electrical subpanel moved, the 785 square foot number 409 in the Marina Chateau at 2701 Van Ness Avenue returned to the market in late 2010 asking $649,999.
Withdrawn from the market a month later having failed to find a buyer, the one-bedroom has now returned to the market listed for “$525,000” as a short sale but without any mention of being pre-approved at that price (and “no longer staged”).
And no, that’s not the official bedroom above.
∙ Listing: 2701 Van Ness Avenue #409 (1/1) 785 sqft – “$525,000” (short sale) [MLS]

4 thoughts on “A Two Year Show And Tell (And Short Sale) At The Marina Chateau”
  1. The crib in the closet says it all. Wonder if the sellers bought in order to get ‘a foot in the ownership door’ and expecting to accrue equity to fund the purchase of a move up home.

  2. “The crib in the closet says it all.”
    Agree, this looks like a “buy now or get priced out forever” sale. The GGB views will probably make this place sell, but price will be the question. Could this place have in-unit laundry? It says “coin-op” but also says something about hookups.

  3. “crow of bottom”
    maybe, but why did they pay top of the market prices? $639,000 for an unremodeled 1BR at the bottom of the market is crazy. that was a time to bargain hunt, not fire and then aim. i could see that price anywhere from ’04 to middle of ’08, but in ’09? really strange.
    that said, $525k is exceptionally low for a GGB view condo of this size and location. so the open question is whether or not the bank will approve an offer at this price.

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