60 Ravenwood
A few words you might expect to see in a listing for a Monterey Heights house: “Over 4500 sf, Overlooking St. Francis Wood, Ocean Views from 2 Floors.” A few words that you might not: “SHORT SALE subject to lenders approval.”
And the obvious question: “First Class remodel, but not finished,” cause or effect?
∙ Listing: 60 Ravenswood (4/3.5) – $2,100,000 [MLS]

16 thoughts on “First Class Remodel, But Not Finished: Short Sale Cause Or Effect?”
  1. Can’t tell if this is a case of home ATM run dry or a money pit that bled the owners dry but doesn’t look like a flip gone bad. Purchased in 2002 for $850K with a few refis since. Anybody know the loan balance?

  2. What’s up with the photos? Don’t you think for a $2+ million dollar listing the agent could hire a professional photographer and put a little effort into the marketing?

  3. Delancey, that made me laugh out loud. Gotta love a two-sentence listing and the guy still cannot check for typos.
    The permit and refi history of this one is complicated. It looks like a substantial remodel and likely a sizable addition as well. Then from the seller/buyer history it looks like probably a divorce and lots of refis — a good guess is a half-realized plan to create a dream house that fell apart. Lender takes it on the chin (again).

  4. I guess the realtor was reading Socketsite. Some of the typos, including “Marbel” have been corrected, but the listing could still use a little work, just like the property.

  5. Hard to tell from the pictures but the renovation looks/sounds better than most. Makes sense if they were renovating to live rather than flip. $466 per square seems like a decent price depending on how much is left to finish.

  6. this one needs to be resurrected for discussion… after 145 DOM it sold for $200k OVER the asking price!!!
    Is it late and I’m reading that wrong???

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