How does a home which was purchased for $695,000 in 2004 return to the market as a short sale listed for $799,000 in 2011?
When its first mortgage was refinanced for $715,000 in 2005; a second note for $45,000 was added in March 2010 following a first notice of default for $43,395; and second notice of default was filed a year later with its first mortgage $53,103 past due as of February.
And speaking of seconds, the single-family home at 428 Grove with an unwarranted (but rooms counted in the listing) one-bedroom in-law below is also scheduled to hit the courthouse steps on September second.
Oh, and the lot next door? As plugged-in people know, that would be Parcel H which sold to a developer for three million dollars late last year and is zoned for mix-use housing.
∙ Listing: 428 Grove (3/2.5) – $799,000 [MLS]
∙ Seeking Bids Brought To You By The Letters H And J [SocketSite]
∙ The Prices For Hayes Valley Parcels H And J [SocketSite]