111 Hoffman
Purchased for $2,100,000 at the end of August 2005, a plugged-in reader noted 111 Hoffman over in Noe Valley was scheduled to hit the courthouse steps last month.
In a follow-up comment yesterday, said reader also notes that 111 Hoffman was in fact taken back by the bank (officially on September 28).
June S&P/Case-Shiller: San Francisco MSA Up MOM Across All Tiers [SocketSite]

Comments from Plugged-In Readers

  1. Posted by sanfrantim

    Another good buying opportunity in Noe Valley? Any tipsters know if this will be coming on the market soon?
    [Editor’s Note: We’d be willing to bet yes to that “coming soon” question (hence our categorization of it as such). Of course the real opportunity might have been back on the courthouse steps where it appears not to have generated an opening bid over $1,533,000.]

  2. Posted by auden

    I don’t think 1.5 for 4105 21st Street is a steal. However, 111 Hoffman for 1.5 would be much more interesting. We will see where the bank prices it.

  3. Posted by EBGuy

    I could be wrong, but I believe the defaulting doctor never listed this on the MLS. Some pent up supply will soon be hitting the market…

  4. Posted by anonn

    So that’s one. Did you find the other three that probably exist which managed to sort out their problems? did you remove them from the “pent up supply” list?
    Doesn’t only 306 over the past four months seem small?

  5. Posted by J

    I could be wrong, but I believe the defaulting doctor never listed this on the MLS. Some pent up supply will soon be hitting the market…
    The more expensive the home, the higher the likelihood of a strategic default:
    “A study shows that people who abruptly and intentionally abandon their mortgages often have high credit scores, in stark contrast with most financially distressed borrowers.”
    “Homeowners with large mortgage balances generally are more likely to pull the plug than those with lower balances. Similarly, people with credit ratings in the two highest categories measured by VantageScore — a joint scoring venture created by Experian and the two other national credit bureaus, Equifax and TransUnion — are far more likely to default strategically than people in lower score categories.”

  6. Posted by fancy rental

    1126 square feet for $1.5M?
    [Editor’s Note: That’s bad data on Trulia from back before it was remodeled and expanded.]

  7. Posted by sparky-b

    At least the fire station isn’t right across the street, it’s like 3 houses down.

  8. Posted by nosey neighbor

    pshark shows this sold a couple weeks ago (9/28) for1,533,000

  9. Posted by Jim

    Now on the MLS for $1,460,250. Listed as a known REO.

  10. Posted by tipster

    At 30% UNDER a 2005 price? For a Noe SFR?!
    What the heck is happening here?

  11. Posted by bdeal

    we saw this today – it has a very odd layout and needs a fair amount of work. great location though.

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