As we wrote in September 2008:
215 Moulton “in the heart of Cow Hollow” appears to have been bought back by the bank with a loan balance of $1,893,000 this past July.
And while the contract price for its previous sale in November of 2007 doesn’t appear to be public, we will note a 2008 tax assessed value of $1,800,000 for this District 7 single-family contemporary townhouse.
Listed in April prior to foreclosure for $1,895,000, reduced to $1,795,000 in July, and currently asking $1,750,000.
As we added two months later:
[T]he sale of 215 Moulton closed escrow on 11/14/08 with a reported contract price of $1,725,000. That’s $168,000 less than its last loan balance. And $75,000 less than its last tax assessed value.
Two months ago 215 Moulton hit the MLS once again asking $1,535,000 and quickly closed escrow at $1,540,000 (11 percent under its November 2008 sale). And on Friday 215 Moulton returned to the market asking $1,599,000 (“On the market again due to job transfer”).
∙ Listing: 215 Moulton (3/3.5) – $1,599,000 [MLS]
∙ Cow Hollow Contemporary (And Apparent Foreclosure): 215 Moulton [SocketSite]
∙ Which Five Years Will The Next Five Most Likely Resemble Redux [SocketSite]
That’s a lot of commission. There is probably an opportunity for someone to sneak in a low ball offer that the relocation agency will accept to cut losses.
In Contract.
Sold Price: $1,575,000
Original Price: $1,599,000 -2% change
See ya next year. 🙂
Interesting, if you adjust for inflation, this house is flat since 1999:
Aug 04, 1999 Sold (Public Records) $1,195,000
Sep 11, 2003 Sold (MLS) $1,600,000
Nov 06, 2007 Sold (MLS) $1,800,000
Jul 03, 2008 Sold (Public Records) $1,893,000
Nov 14, 2008 Sold (Public Records) $1,725,000
Feb 26, 2010 Sold (Public Records) $1,540,000
Apr 22, 2010 Sold (MLS) $1,575,000
That $1.195M sale in 1999 is $1.561M adjusted for inflation to 2010. And that 2003 buyer did some work on the place, such as adding a bathroom, among other things, so that’d be a real loss, actually. Is this place haunted?