Purchased for $2,660,000 in April 2006 with 25 percent ($532,000) down but a second added for $182,000 two months later, the fully remodeled Victorian home at 1855 Laguna with a big Viking and Sub-Zero in the kitchen returned to the market a week ago.
Now listed as a short sale for “$2,195,000,” three weeks ago a notice of default was filed on the Lower Pacific Heights property with $57,667 past due.
∙ Listing: 1855 Laguna (4/3.5) – “$2,195,000” (short sale) [MLS]
∙ San Francisco Bucks CA Foreclosure Trends, But Not In A Good Way [SocketSite]
Personally I blame that jacked up kitchen “island.” I mean, what IS that??
Yikes! 1701 Gough which looked really nice online just sold for over asking for 3500 sqft @ $2.250. Seems banks are pretty quick these days at getting the homes approved for short sale. The 06 Apples are getting killed.
[Editor’s Note: That’s $643 per square foot (and $25,000 over asking) for the “grand scale remodeled Italianate Victorian…sited on a beautiful tree lined corner lot in prime Lower Pacific Heights.”]
Just to be precise, the remodel was before the 2006 sale, right? I believe this is an apple.
The only permit drawn since 2006 was in 2008, so unless they are counting the unwarranted lower level as a “remodel,” this appears to have only cosmetic work done in the kitchen:
KITCHEN – NEW CABINET DOORS- NEW CROWN MOLDING.
Cost: $2,300.00
The real remodel was 2002-2004:
REMODEL EXISTING KITCHEN & BATHROOM ADD NEW MASTER BATH & DRESSRM, REPLACE EXT FIREPLACES. REINFORCE
Cost: $80,000.00
Has anyone been inside? How many sq feet? I guess you can say it has a lousy “yard” and at least the master bath looks fairly dark / downstairs. Tandem parkeing is probably not so great. Frankly this is “pac heights”, but there are now views down here.
meant to add that chatter in the neighborhood is that it’s a strategic default. The seller isn’t exactly distressed
“…sited on a beautiful tree lined corner lot in prime Lower Pacific Heights.””
lol…corner of freeway and highway.
anonee , u got that right!
Laguna = not so bad. Pine = never
Location is great walking distance to Japan Town, and Fillmore Street. This street is tree lined and its one the better lower pac heights locations. $2.1 mm is a steal…most of the houses around this area go for $2.5 or $2.6 mm.
What’s up with the haters….lol? ;Freeway and a highway? Where do you live? and if you want a view you can go five blocks up and pay $2 to 3 million more.