According to the MLS, the sale of 161 San Pablo closed escrow on 4/1 with a reported contract price of $1,825,000. That’s an official 23 percent over asking! (And it’s no April Fools of which we know.)
That being said, $1,825,000 is the exact same price the “How to Build a Fortune in Real Estate” professor paid for the property in 2006. And that was prior to its grand renovation (after which it was taken back by the bank).
∙ 161 San Pablo Makes Another Grand (Bank Owned) Return [SocketSite]
∙ Lesson Number One: Don’t Do This [SocketSite]