Nine months ago the newly constructed 3,400 square foot modern home at 1507 Noe Street hit the market listed for $2,750,000 and sold for $2,950,000 this past March. The faceless buyer of the Noe home was officially “Hangar Labs LLC,” which we’ll report was formed by a single Facebook engineer.
Two months after the purchase of 1507 Noe, just before Facebook went public at $38 a share, a two million dollar adjustable rate mortgage was taken on the property.
Two weeks ago, 1507 Noe quickly returned to the market listed for $3,599,000. Facebook is currently trading at $24.43 a share, which is up from $19.05 in August.
And yes, this is the house with the shower from which to see and be seen:
∙ Listing: 1507 Noe Street (4/3.5) 3,400 sqft – $3,599,000 [1507noestreet.com]
∙ Say Hello To Your Little Friend (In The Shower) At 1507 Noe [SocketSite]
∙ Facebook On The Home Front [SocketSite]
∙ We’ve Been Looking Past The Overhyped Facebook Effect, Have You? [SocketSite]