CFAH

595 32nd Avenue
As we wrote this past October:

Purchased for $820,000 in May of 2004, [595 32nd Avenue] was resold in July of 2005 for $1,200,000. Bought back by the bank this past January, 595 32nd Avenue was listed a month ago for $774,900 and recently reduced to $774,700.

And while the MLS was just updated, apparently the bank owned sale of 595 32nd Avenue closed escrow on 02/08/2010 with a reported contract price of $687,000 (16 percent under its 2004 price and 43 percent under 2005).
Buy, Sell, Repeat, Retire…And Then The Music Stopped [SocketSite]

Comments from Plugged-In Readers

  1. Posted by TallGuy

    Man do I feel so bummed I missed out on the chump flogging in 2005.

  2. Posted by Anon E. Mouse

    And note that $840K in 2004 is $941K adjusted for inflation in 2010. And $1.2M in 2005 is $1.33M.
    Was the in-law unit always legal? Or did the bank have to legalize it? The pictures make the place look incredibly lived-in, and that “fish pond” is a fun one.

  3. Posted by tipster

    As someone in the market in 2005, I just want to thank all the people who outbid me.
    43%!

  4. Posted by D

    Ouch. Double ouch. Is the Richmond the new Tracy?

  5. Posted by m

    Still too much to be across from that High School.

  6. Posted by m

    Still too much to be across from that High School.

  7. Posted by noearch

    what an ugly piece of crap. and look at all that concrete sidewalk! not one damn tree planted by the owner…typical at corner properties. even in Noe or other good neighborhoods.
    seriously. look at corner properties and typically they will not have trees…mostly because, esp in Noe, they are 2 unit buildings, absentee landlords who really dont care about “curb appeal” or planting anything.
    ok, now I’m done.

  8. Posted by anonee

    “absentee landlords who really dont care about “curb appeal” or planting anything.”
    nice broad stroke, as usual…

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