2523 Steiner 5/2/11 (www.SocketSite.com)
As we wrote about the Pacific Heights pad above this past August:

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.

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Comments from “Plugged-In” Readers

  1. Posted by Bobo

    A terrific buy…just needs a new paint job!

  2. Posted by eddy

    I’d say the face on the pic of the house accurately displays my feelings towards this outcome.
    :0

  3. Posted by roswell53

    Street view on Google Maps shows the house getting it’s chocolate coating.

  4. Posted by lyqwyd

    The sad thing is this color scheme is the best of the options the seller went through…

  5. Posted by Braincttermd

    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!!!

  6. Posted by gray

    it only takes one . . .

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