2154 44th Avenue
Purchased for $450,000 in 2002 with ten percent down, in 2007 the Outer Parkside home at 2154 44th Avenue was refinanced with a $624,000 first mortgage for which it would have had to appraise.
First listed as a short sale for $429,000 six months ago, the month after which a notice of default filed, this past December 2154 44th Avenue became one of the over 500 San Francisco homes lost to foreclosure in 2012 with no bidders at $512,412 in cash on the courthouse steps.
Yesterday, the “classic two bedroom one bathroom Hollywood Bungalow on a great street in Outer Parkside” was listed anew as bank owned for $614,000 with possession at close of escrow.
∙ Listing: 2154 44th Avenue (2/1) – $614,000 [Redfin]
Foreclosures In San Francisco Peaked In 2012, Set To Fall In 2013 [SocketSite]

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Comments from “Plugged-In” Readers

  1. Posted by jenofLA

    Is it a Hollywood bungalow if it doesn’t have Hollywood weather? I’d take it if it could guarantee a pocket of LA sun in the middle of this freezing SF weather.

  2. Posted by Gregg

    $624,000 for THAT!? The world has gone mad…

  3. Posted by pvc

    A gorgeous home. Seriously, this is high comedy.

  4. Posted by EH

    That neighborhood is prime Asphalt Dunes.

  5. Posted by fancy rental

    so the owner got away with $130k in refinance proceeds plus a couple years of mortgage free living. nice job.

  6. Posted by wtf

    I hope the lender that got screwed out of $130K is Chase; they’re the biggest A-hole lenders out there. Well played, previous owners!

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