Purchased for $1,412,000 five months ago, the Glen Park home at 1750 Noe Street underwent a quick renovation, remodeling and re-positioning to “the outskirts of Noe Valley.”
Listed in August for $2,698,000 with 2,300 square feet of living space, up from 1,913 square feet per its listing in May, two weeks later the list price was cut to $2,395,000. And after another three weeks on the market, the listing was withdrawn from the MLS.
Relisted four weeks ago with a new agent but the same $2,395,000 price, the sale of 1750 Noe closed escrow yesterday with a reported contract price of $2,725,000.
No word on why the buyer didn’t materialize when the property had originally been listed for less.
Q: are good real estate agents magicians?
I don’t know about magicians, but the original agent was lazy. He didn’t stage the place, the photos were awful and looked like they were taken with a cell phone, and the web site was unusable and focused more on his creepy photos than the house itself. He probably thought it would sell itself without even trying.
Original agent was also the agent who listed and sold it in May before the flip.
I think this is the outskirts of Noe Valley, with Diamond Heights nearby. Glen Park is up and over the hill.
Many opinions about the “boundaries” of actual neighborhoods. This is not far from me; I would call it Glen Park. It could also be called Upper Noe Valley. It could also be called Western Fairmount Heights, it could also be called Lower Diamond Heights. Who knows?
Most realtors use 30th St. as the dividing line between Noe and Glen Park.
I just call it a great neighborhood.
Wikipedia calls this Noe, but the SFARMLS calls it Glen Park.
Trust me, it’s Glen Park. Wikipedia is full of false or misleading info.
And I don’t believe that Wik lives in my ‘hood.:)
Perhaps haiku could best sum up this wacky process:
One four…Two Seven.
No. Two four. Pulled. Back. And Done.
Two Seven Two. Wow.
Seller’s agent and buyer’s agent both work at Sotheby’s. Coincidence?
Nice catch. Buyer should have investigated that and resolved any COI. Otherwise…
This is really, really bizarre sequence of events – something smells funny about this.
Looks like “anon” was onto something! As for it being shady, that is always possible with real estate agents, especially in this city. But we sometimes forget that it only takes two interested parties, who have both the money and the interest at any one point in time. There are good explanations for properties being pulled form the market due to lack of interest only to return months later and sell over asking. Sometimes it is just plain dumb luck.
Congrats to the developer for recognizing an opportunity and creating something that (ostensibly at least two) people wanted. Boo to the original agent for their laziness and incompetence.
I think this sale was just luck, timing and nothing more. Perhaps the buyers just came new into the market, knew it had been reduced and acted accordingly…quickly. As with anything, it’s all about the timing.
Who’s the original “lazy” realtor? Out him! (or her.)