865 Duncan

Purchased for $1,329,000 in March 2008 with $140,800 (11%) down and currently listed as “Active” on the MLS with a list price of $1,385,000, last week the Noe Valley home at 865 Duncan was taken back by the bank with no bidders willing to pay $1,152,387 in cash on the courthouse steps. Someone might want to alert the Realtors.

Speaking of bank activity on Duncan, as a plugged-in reader noted last month, a notice of default (NOD) has been filed on 728 Duncan with $39,816.09 past due as of the end of June. An auction, however, has yet to be scheduled.

As always, we’ll keep you plugged-in.

3 thoughts on “Psst! It’s Now Bank-Owned (And The Other Is In Default)”
  1. 20-30% down from peak would be about right for this part of Noe (e.g., 1420 Douglass and 714 Duncan).
    No one has pointed out yet that 865 Duncan is not an apple. It was pretty extensively renovated by the 2008 buyers. Check the permits – 3 new bathrooms, new kitchen, new furnace, perhaps new sewer line, new electrical throughout…. Probably 125-150k of work, maybe more.
    The 2008 buyers really got hosed! Lost downpayment, lost remodeling expense, credit ding….

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