San Francisco Schtuff

by Coach A:

While I’m certain there’s a story behind this sale, I’m for taking information at face value. With that in mind:

Schtuff:

• Address :3041 Laguna St
• Beds:  5
• Baths: 4.5
• Square Feet: 3520
• ‘Hood: Cow Hollow
• List Price: $3,750,000
• Sales Price: $1,000 (according to the MLS)

Schtats:

• At 3520 sq ft, this baby sold for 28 cents a square foot.
• This sales price represents .03% of the list price.
• Property taxes are initially $11.40 a year.
• Each agent makes $25.00 before company split.

Questions:

• Think the buyer paid on his credit or debit card?
• With 20% down, do you think the buyer financed the other $800 with a fixed 30 year loan making $2.20 principal payments each month?

Tough economy.