Advertising “priced below neighborhood comps” at $1,025,000 in August, the bank-owned sale of 160 Westgate Drive closed escrow on 10/27 with a reported contract price of $1,040,000. That’s 1% over asking for the single-family Mount Davidson Manor home.
Of course that’s also 19.7% under its purchase price in 2005 which didn’t account for its 2007 remodel, a few appliances from which were missing this time around.
So who’s the comp now?
∙ Five Years Of Appreciation Under Its Un-Renovated Year 2005 Price [SocketSite]
Speaking of comps, 171 Kenwood Way (3 beds, 2.0 baths, 2,180 sq ft) has been on life support for a while (power and water liens), and it appears destined for the auction block. The latest NOTS was filed on August 31. Call it pent up suppy…
Better check to see if the copper pipe is still there too!
It looks like the appliances never went in since they have not even put the knobs on the (Home Depot looking) cabinets…