837 Wisconsin Street

Purchased as a sound 1,307-square-foot home for $1.3 million in 2013, and then permitted for a major remodel and expansion by SS Dreambuilders LLC (no relation to SocketSite), the gutted Potrero Hill home at 837 Wisconsin Street was foreclosed upon and sold for $1,945,375 on the courthouse steps in 2015, a discount of roughly $250,000 from what was then owed on the unfinished project at the time.

837 Wisconsin Street: Unfinished Interior

Returned to the market in May, listed as an opportunity for “a developer or individual who wants to [finish] this [potential 4,043-square-foot] view home” for $1,950,000, the re-sale of 837 Wisconsin has now closed escrow for $1.9 million.

At the same, that unfinished Dreambuilders flip over on Grand View Avenue has been taken back by their bank.

Comments from Plugged-In Readers

  1. Posted by dingdong

    Final cost to be livable?

  2. Posted by soccermom

    Surprised this sold so high. Not sure where it would rank vs. the apparently growing inventory of homes for sale. I wonder how informed the buyers are as to costs they are facing?

    All in all, not a terrible outcome for the lender, given how much risk they had taken.

    Good luck to all.

  3. Posted by SFrentier

    But the bones sure look nice…could almost live in it as is. You know, for that authentic unfinished 2×4 sensation 😉

    • Posted by BobN

      Have you measured a 2×4 lately?

      • Posted by SFrentier

        Yeah I know, ‘dem is some mighty big 2×4’s 😉

  4. Posted by JayJay

    1.9M? It’s shocking someone bid that much for it, considering it’s location/condition.

  5. Posted by Wai Yip Tung

    Next door 835 Wisconsin, a “wonderful Victorian 2 bedroom, 1 bathroom single-family home combines original detail with remarkable views”, sold for 1.4M last year. Why 1.9M for a gutted home?

Comments are closed.

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