Purchased for $1,053,000 in 2007, the single-family 324 Day was subsequently gutted, foreclosed upon and returned to the market mid-renovation last month over in Noe.
Asking $760,000 (“Seller/lender anxious to sell, very motivated. Bring your best offer, don’t worry about the listing price.”), the sale of 324 Day closed escrow on 7/17/09 with a reported contract price of $675,000.
Yes, the price of “fixers” is falling.
∙ Calling All Contractors That Still Have Cash… [SocketSite]