As we wrote this past October:
A single-family Edwardian “tucked away on quiet street between Nob Hill and Downtown neighborhoods,” 33 Dashiell Hammett sold for $1,275,000 in January of 2007.
According to our tipster, it “looks like the current owner did minimal work on the house” since it’s last sale, but did do a bit of repainting and “updated” the kitchen with new appliances.
Listed for $1,795,000 earlier this year and then $1,595,000 (with photos), the single-family home is now seeking $1,095,000 as a short sale.
As a plugged-in reader wrote to us last week:
[We] closed escrow on 33 Dashiell Hammett last Friday. Wanted to say thank you, as I found the listing through your site.
Cheers. And don’t forget those invitations to the housewarming.
Oh, and while not noted by our reader and the MLS still hasn’t been updated, we’ll peg the purchase price at $1,120,000 (12% under its market value of three years ago). It pays to be plugged-in.
∙ A New Dashiell Hammett Mystery: The Single-Family Short Sale [SocketSite]
oh those hideous aluminum windows…
congrats to the new owners.
buying a house is always an exciting endeavor. May you have a warm and happy home.
Hats off to a happy ending. Right on Socksite!
Excuse me – Right on SocketSite!
When will this speculation BS end folks???
A house is not a stock investment. It is not a hedge on monetary inflation anymore. Homes are a piece of wood and parcel with debt attached. They rot away and you have to pay to keep them habitable.
“They rot away and you have to pay to keep them habitable”
Very true though the aspect of a property that drives appreciation is the plot of bare dirt on which it rests. Unless your plot of land is geologically unstable, it will not degrade over time and requires almost zero maintenance.
The house that sits on the land provides a place to live and is sort of an annuity generator whether you or your renter consumes that housing.
I think it is best to keep the two aspects of a property separate in your mind.
That garage (?) is really wrong. Not sure my Miata could fit in there.