As we wrote at the beginning of August:
Purchased for $1,329,000 in March 2008 with $140,800 (11%) down and currently listed as “Active” on the MLS with a list price of $1,385,000, last week the Noe Valley home at 865 Duncan was taken back by the bank with no bidders willing to pay $1,152,387 in cash on the courthouse steps. Someone might want to alert the Realtors.
Two weeks later the listing for 865 Duncan was finally withdrawn from the San Francisco Multiple Listing Service (MLS). And yesterday, the “lovely and large home” at 865 Duncan returned to the MLS as bank-owned and listed for $1,295,000.
∙ Listing: 865 Duncan (4/3) 2,159 sqft – $1,295,000 [Redfin]
∙ Psst! It’s Now Bank-Owned (And The Other Is In Default) [SocketSite]