Articles Filed Under: Apples To Apples

(1,218 posts)

Another $1,000 A Day In “Built-In” Equity On Potrero Hill?

Purchased for $435,000 in July of 2005, the listing for 2225 23rd Street #310 has been advertising “Bank APPROVED SHORT SALE! JUST WRITE OFFER & CLOSE WITHIN 30 DAYS!! IMMEDIATE 10% BUILT-IN EQUITY!” for the past thirty days. Yesterday the list price was reduced from $363,000 to $333,000. Another... Read More »

Same Location And Size (And For The Most Part Price) As In 2005

Same Location And Size (And For The Most Part Price) As In 2005

Purchased for $633,000 in October of 2005, this Telegraph Hill single-family “cottage” failed to find a buyer when it was listed for $779,000 eighteen months ago. Back on the market in 2008. And now asking $629,000. No word on whether or not the fair market value of the “magical... Read More »

To Comp Or Not To Comp, The Question Of More Than The Day

Purchased for $789,000 in 2006, unit #421 at The Palms (555 4th Street) hit the market four months ago with a list price of $868,000. Unable to find a buyer, the asking price on the two-bedroom condo was eventually reduced to $750,000 “subject to lender’s approval.” Last week the... Read More »

Let’s Do The Time Warp Again (In Glen Park): 461 Chenery

Let’s Do The Time Warp Again (In Glen Park): 461 Chenery

It’s a plugged-in tipster with a good memory that notes another price cut for the bank owned 461 Chenery in Glen Park. The property was first noted by a SocketSite reader in May soon after it was bought back by the bank on 5/12/08 for $601,343 and subsequently listed... Read More »

Priced To Sell!  Did We Mention Priced To Sell?  (250 Clara Street #13)

Priced To Sell! Did We Mention Priced To Sell? (250 Clara Street #13)

Perhaps it’s not a perfect apple (“may be larger than tax record shows due to remodel by owner”), but 250 Clara Street #13, a District 9 loft, was just listed for $588,000. Top floor, lots of light, and apparently “pure energy.” Purchased for $550,000 in December of 2004 and... Read More »

The Comps They Are A Changing: The Short Sale Of 2924 19th Avenue

The Comps They Are A Changing: The Short Sale Of 2924 19th Avenue

Purchased for $1,030,000 in August of 2005, and establishing a new neighborhood comp at the time, 2924 19th Avenue (a single-family home in District 3) returned to the market two weeks ago with a list price of $988,000 and advertising “short sale.” And yesterday, the potential sale became a... Read More »

Four Years Of District 4 Equity Yet Pre-Foreclosure After Four Months

Four Years Of District 4 Equity Yet Pre-Foreclosure After Four Months

Purchased for $1,750,000 in May of 2004, 10 Fernwood Drive in Monterey Heights returned to the market almost four months ago asking the same. Three months ago the list price was reduced to $1,650,000 where it currently stands after having been reduced down to as low as $1,550,000 for... Read More »

A Noe Valley/Glen Park Apple In The Making And Neighborhood Inquiry

A Noe Valley/Glen Park Apple In The Making And Neighborhood Inquiry

Purchased for $1,150,000 in September of 2005, a sale of 254 30th Street at the current asking price ($1,250,000) would represent average annual appreciation of 2.9% over the past three years (assuming no improvements) for this single-family home on the border of Noe Valley and Glen Park. And a... Read More »

It’s A Good Thing Those Bank Owned Comps Don’t Matter, Right?

It’s A Good Thing Those Bank Owned Comps Don’t Matter, Right?

Let’s go straight to the SocketSite “apple in the making” archives: Two months ago we noted the “Newest Comp For A Two-Bedroom Condo At 246 2nd Street” when the bank owned #1302 closed escrow with a reported contract price of $775,000 (roughly $125K below what #902 sold for late... Read More »

An Early Withdrawal Of Lakeside Equity That Really Didn’t Exist?

Purchased in August of 2005 for $1,030,000 and establishing a Lakeside (District 3) neighborhood “comp,” 2924 19th Avenue returned to the market yesterday with a list price of $988,000. Refinanced in November of 2006 with a total mortgage balance (first and second) of $1,087,000 (assuming PropertyShark is correct), a... Read More »