As we wrote this past June:
Listed for $1,599,000 as a bit of a fixer (or at least an updater) in July of 2007, 56 Sotelo Avenue sold for $1,900,000 a month later establishing a friendly neighborhood comp.
And sure enough, the property has been “updated” and whitewashed a bit since.
Back on the market and asking $1,995,000 for the 2,770 square foot Forest Hill home.
Withdrawn from the MLS after two months on the market without a sale, three weeks ago 56 Sotelo returned to the MLS anew with “no days on the market” and a new original list price of $1,835,000.
This past Thursday the list price for 56 Sotelo was reduced to $1,749,000 (8 percent under it pre-renovated 2007 purchase price).
∙ Listing: 56 Sotelo Avenue (4/4.5) 2,770 sqft – $1,749,000 [MLS]
∙ There Were Bids For The Before Will There Be Bids For The After? [SocketSite]