Purchased for $859,000 last May, this 1881 square foot, 2bed/2.5 bath “loft” in the oh-so-hip Central Waterfront, just steps from the MUNI T-third can be yours for $749,000. Who would sell such a luscious unit for $110,000 less than they bought it for just 13 months ago? The bank my kiddies, the bank is selling this precious little piece…
1099 23rd Street #21 [MLS]
*image a la mapjack
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June 16, 2008 at 9:10 pm
dg
redfin says 950k was purchase price last may. ??
June 16, 2008 at 9:23 pm
Garrett
i noticed that too, not sure which resource is correct–i tend to believe the MLS data is fairly accurate. the MLS shows that it sold in 2000 for $668k. It was listed in 2001 for $719K and it sat on the market for 92 days before expiring. it was put back on the market in Feb 2007 and sold 58 days later for $859K. i would assume that redfin is getting the data from the tax record, but i’m not certain. the tax record looks a bit funky to me, so perhaps there is a lapse in some of this data. hmmmm…
June 20, 2008 at 4:51 pm
Brian Barringer
That sale could have been the transfer from the previous owner to the bank. I have noticed that when the forclosure changes hands it is recorded as a sale on record. B