Purchased for $2,100,000 at the end of August 2005, 111 Hoffman ended up being taken back by the bank in September 2009 without an opening bid of $1,533,000 on the courthouse steps. It then returned to the market in December asking $1,469,250.
This past Friday, the sale of the Noe Valley single-family home closed escrow for a reported $1,500,000 ($566 per square foot), 3% over asking but 29% under its sale price in 2005.
∙ Another Bank-Owned Multi-Million Dollar (In 2005) Noe Valley House [SocketSite]
∙ Bank Owned In Noe: Is There (Another) Doctor In the House? [SocketSite]