January 24, 2012
It’s Time To Get Medieval On 1150 Monterey Boulevard
It’s not often we see listings for "Medieval" estates in San Francisco (although it does happen), but yesterday the 4,100 square foot Monterey Heights "fixer" at 1150 Monterey Boulevard hit the market as a short sale listed for $1,400,000.
How does a home with a tax assessed value of $127,816 get listed as a short sale for $1,400,000? Well, in January 2006 a first mortgage for $1,500,000 was written on the property and was quickly followed by a second for $150,000 that February.
If you’re interested in the short sale you better act fast, however, for while not noted on the listing by the agent, a notice of default was filed against the first mortgage with $212,570 past due as of this past September and a foreclosure auction for 1150 Monterey Boulevard is currently scheduled for the courthouse steps in San Francisco this Thursday.
And while the current listing for the property on the MLS doesn’t offer any peeks inside, an old listing does, but get 'em while you can.
UPDATE (1/25): According to the listing agent, "We have postponed the foreclosure date to facilitate the short sale." As always, we'll keep you posted and plugged-in.
∙ Another $150,000 Flushed At Albion Castle (881 Innes Avenue) [SocketSite]
First Published: January 24, 2012 10:45 AM
Comments from "Plugged In" Readers
Miss Havisham would be right at home, bizarre juxtaposition between the opulent furnishings and paint peeling from the ceiling.
Posted by: Michael at January 25, 2012 10:20 AM
UPDATE: According to the listing agent, "We have postponed the foreclosure date to facilitate the short sale." As always, we'll keep you posted and plugged-in.
Posted by: SocketSite at January 25, 2012 12:25 PM
when a house brings "great expectations" to mind you know there is a problem
Posted by: meep at January 25, 2012 12:41 PM
those draperies alone are worth asking price.
Posted by: dweeb at January 27, 2012 5:59 PM
After 478 days on the market, the listing for 1150 Monterey Boulevard has been withdrawn from the MLS without a reported sale.
Posted by: SocketSite at May 15, 2013 12:33 PM