As we wrote this past December:
In August 2006 it sold for $550,000 as a fixer, was remodeled (including the addition of two bedrooms and a bath), and then flipped four months later for $770,000 which not only established a neighborhood “comp” but justification for prices elsewhere in San Francisco (“If homes in Bayview are selling for $770,000…”).
In October 2008 the single-family home at 1747 La Salle returned to the market asking $560,000 but failed to sell. The home has since been “reconstructed” (“Everything in the home is brand new”) and was re-priced at $450,000 (“a must see, won’t last”) this past September. And for the past month they’ve been asking $375,000.
On Friday the short sale list price for 1747 La Salle was reduced to $345,000. And yes, it’s still listed as a “must see” but “won’t last” no longer.
∙ Listing: 1747 La Salle Avenue (5/3) – $345,000 [MLS]
∙ If Homes In Bayview Are Selling For
$770,000 $375,000… [SocketSite]