November 14, 2013
Two Years Later And 60 Percent More For This Pacific Heights Pad
Foreclosed upon in 2009 with nearly $3 million owed at the time, the Pacific Heights home at 2523 Steiner returned to the market listed for $1,450,000 in 2011, was repainted three times in quick succession, and then sold for $1,260,000 that May.
Without any permits to remodel having been issued since purchased, and still sporting the same chocolate coat of exterior paint, the three-bedroom home with a rather challenging floor plan is now back on the market and listed for $2,450,000, this time with 1,730 square feet.
Reduced to $2,195,000 in September, the sale of 2523 Steiner has since closed escrow with a reported contract price of $2,010,000. That's 18 percent under original list but nearly 60 percent more than the price which was paid for the pad in early 2011.
First Published: November 14, 2013 12:45 PM
Comments from "Plugged In" Readers
A terrific buy...just needs a new paint job!
Posted by: Bobo at November 14, 2013 1:27 PM
I'd say the face on the pic of the house accurately displays my feelings towards this outcome.
Posted by: eddy at November 14, 2013 1:33 PM
Street view on Google Maps shows the house getting it's chocolate coating.
Posted by: roswell53 at November 14, 2013 3:35 PM
The sad thing is this color scheme is the best of the options the seller went through...
Posted by: lyqwyd at November 14, 2013 3:44 PM
This house has a fantastic location to the park, Fillmore corridor and the marina. Other than a few quirkyly laid out smallish rooms, it is a fantastic buy at $2M for the Pac Height location. If it was on the market next year rather than this year, I would have bought it! Need to save more downpayment immediately!!!
Posted by: Braincttermd at November 16, 2013 8:36 AM
it only takes one . . .
Posted by: gray at November 16, 2013 8:54 PM