Purchased for $610,000 in 2004, the two-bedroom Pacific Heights condo #409 at 1945 Washington Street was refinanced in 2007 with a first mortgage for $615,000.
Having fallen $13,274 behind on payments, seven months ago a notice of default was issued for the aforementioned first. And last month, the 924 square foot property was taken back by the bank with no bidders at $615,000 in cash on the courthouse steps.
The property is now listed on the MLS and asking $739,900 versus the $644,138 owed to Wells Fargo at the time of foreclosure, including penalties and principal.
∙ Listing: 1945 Washington #409 (2/2) 924 sqft – $739,900 [Redfin]
∙ A Foreclosed Upon Noe Home Sells For Over…What Wells Was Owed [SocketSite]