As we wrote in February:
Purchased for $1,126,000 in 2005, remodeled and returned to the market for $1,195,000 in June of 2008, the Henry Hill home at 2209 9th Avenue was withdrawn without selling in July. Back on the market today and listed for $995,000.
We can’t call it an “apple” for a couple of reasons (including the view blocking new home next door), but we also wouldn’t dismiss this well designed data point out of hand.
The list price was reduced to $939,000 in March. And while previously in escrow, today the listing was withdrawn from the MLS, either without a closed sale (most likely) or to avoid reporting the contract price (a not too uncommon new development trick).
∙ Two Well Designed Data Points We Wouldn’t Dismiss Out Of Hand [SocketSite]
∙ Mid-Century Modern That’s Been Remodeled: 2209 9th Avenue [SocketSite]
∙ Another Mid-Century Modern Casualty: A Shift In Tastes Or Appetites? [SocketSite]
The Henry Hill house is back!
“As far back as I can remember, I’ve always wanted to be a gangster.”
What an ugly mess, architecturally speaking (and speaking as a non-architect). No one wanted to part with a cool million in after-tax dollars for this thing? Somehow I’m not surprised.
Can someone call the agent and find out?
“or to avoid reporting the contract price (a not too uncommon new development trick).”
Can someone explain this to me?
“Court confirmation is now required for the sale of this home” according to the agent remarks in the MLS.
BTW, I agree with eddy — I know it’s just a blog but a simple phone call could have avoided the apparently baseless suggestion of impure motives.
“impure motives”.
And here I was brought up to believe realestate agents were as pure as the driven snow.
I’m going back to bed, I feel……dirty.
Naive question: Is it a legal requirement to report sales prices for closed transactions of homes and condos in SF? How about square footage? Thanks in advance…
One of the owners is a realtor/listing agent–cannot recall his name though at the moment.
You must report the sales price to the county because that is what prop taxes and transfer taxes are based on.
Is it a legal requirement to report sales prices for closed transactions of homes and condos in SF?
there is no legal requirement that it be made public..if that is what you are asking.
While obviously the MLS doesn’t seem to require a final sales price to be entered, the county must provide the information to anyone who properly requests it. In the bay area, most counties seem to put this info online- you just have to know where to look. This is how Case-Shiller and Dataquick, among others, get their info- from the county recorders’ offices.
Yes, one of the “owners” is a real estate agent and the other is a dentist, who filed a Chapter 11 bankruptcy. Also it’s a short sale with a big tax lien against it. Obviously quite difficult to move such a transaction in this market.
So technically it’s still in escrow then?
anono, can you tell us where to look for the transaction info online for SF?