First listed for $425,000 and then reduced to $380,000 in June, on July first the sale of 131 Margaret Avenue closed escrow with a reported contract price of $327,500. Now five weeks later, the single-family “fixer” is back on the market and listed for $345,000.
∙ Listing: 131 Margaret Avenue (2/2) 1,350 sqft – $345,000 [MLS]
Is this a ripped-out kitchen on Pic #2?
That might affect financing…
I try not to use these types of properties for overall market analysis, because it really can only be bought by market professionals and very very few non-pros.
definitely not a place that the average joe/jane is looking at.
it gives me hives just imagining all the hidden problems and terror that would come from a potential renovation in SF.
It doesn’t look like a market professional bought it the last time: looks like some amateur flipper bought it and then realized it was a bigger project than it looked like from the outside.
So asking almost exactly the price where after commissions they get their full $327500 back.
The sale of 131 Margaret closed escrow last week with a reported contract price of $345,000.