Listed for $599,000 in July 2005, and having been purchased for $319,000 four years before, the 900 square foot cottage with an unwarranted bedroom in the garage of 17 Costa sold for $645,000 that August.
A year later the property appears to have traded for $641,000 in 2006. And in July of 2010 the Bernal Heights home returned to the market priced at $699,000.
Withdrawn from the market after four months and two price reductions (last listed for $649,000), 17 Costa has now returned to the market as a “short sale” for $399,000 but missing any reference to being pre-approved, a sale at which would represent a 38 percent ($242,000) haircut from both 2005 and 2006.
And yes, in the backyard lies “the original foundation of a previous expansion,” the permits for which were approved in 2003 but then cancelled in 2004.
∙ Listing: 17 Costa (1/2) 900 sqft – “$399,000” (short sale) [Redfin]