Purchased for $2,500,000 in 2006, the renovated “Mediterranean Revival jewel” at 3737 Broderick Street, “just steps from the Marina Green and the St. Francis and Golden Gate Yacht Clubs,” returned to the market four months ago listed for $2,649,500, a list price which was dropped to $2,292,000 as a “bank approved” short-sale in January.
With a sale pending per the MLS, the four-bedroom Marina property is currently scheduled to hit the courthouse steps tomorrow being $279,777 past due on the $2,000,000 first mortgage employed in 2006 when 3737 Broderick was purchased with 10 percent ($250,500) down.
Once again, the race to the courthouse steps is on.
∙ Listing: 3737 Broderick (4/2.5) 2,652 sqft – $2,292,000 (short sale) [Redfin]
∙ A Savvy Buyer Loses The Race To The Courthouse Steps [SocketSite]