246 2nd Street – SocketSite™

Tue. May 7th, 2024

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Can Bank Owned Comps Kill (Values)? 246 2nd Street #502 Returns

May 22, 2008

Two months ago we noted the “Newest Comp For A Two-Bedroom Condo At 246 2nd Street” when the bank owned #1302 closed escrow with a reported contract price of $775,000…

Neighborhood Activist on Below Market Rate One-Bedroom Reduced
Just to add context, the HOA fees are not a function of the market, they are a function of the…
sockttome on Below Market Rate One-Bedroom Reduced
Yes, the BMR program has yielded mixed results. When offered up in a brand-new building people line up around the…
Hunter on Below Market Rate One-Bedroom Reduced
Yeah I think most BMR owners do sell at a profit if they stay in the unit more than a…
Brahma (incensed renter) on Below Market Rate One-Bedroom Reduced
I don't know if the "You can’t sell the property at a profit, yet selling at a loss is possible"…
Hunter on Below Market Rate One-Bedroom Reduced
BMR owner here - you do generally have to fall just under the income requirements to be able to meet…
The Milkshake of Despair on Inspired Italianate Dwell-ing Returns
That's a novel way to disguise a Murphy bed. Well done!
Matt in Uptown on Below Market Rate One-Bedroom Reduced
How does buying a BMR property ever make sense? The program seems designed to ensure that buyers can just barely…
Matt in Uptown on Another “At Asking” Sale Yields Nearly 30 Percent Less
Do tell.
The Milkshake of Despair on Converted Cole Valley TIC Unit Fetches an “Over Asking!” Price
...come here and explain how the knob-and-tube wiring in the lobby was a secret plant to convince me the building…
sockettome on Converted Cole Valley TIC Unit Fetches an “Over Asking!” Price
>"Ah. So you’ve already backed way off the ‘this building was subdivided by sinister developers in the 2000s LOL’ assertion…