A descended home in San Francisco with a long tenant for nearly three decades in the Bret map neighborhood has changed his hands again for 265,000 dollars as it lists $ 449,000 in December.
The three -bedroom house, with three bathrooms, which includes over 2,100 square meters, was strictly sold for only $ 187,500 in a foreclosure auction last July, allowing the latest owner to get money with a cold profit of 77,500 $ in less than one year.
Located near the Hunters Point and the southern basin in the bay of San Francisco, the property is in a serious mismatch, with broken wood, a messy interior and a desperate need for great renovation.
But that did not stop her last sale from closing just two months after the price of his list was reduced by nearly 41%.
Market as a “corner house” with potential, the house was set as “waiting for your re-imagination”, according to the previous list.
He boasts a sunshine bonus space immersed in the sun, a gym and a large garage with two cars parking, but its most intriguing feature may be his unfinished basement, advertised that “potential great expansion. “
The house remains occupied with tenants, making it or a “extraordinary investment option” or a project for a patient buyer, such as list descriptions.
While the presence of tenants may have contributed to slow sales, lowering the price ultimately helped him move out of the market.
The initial foreclosure auction was handled by “MTC Financial Inc. DBA Trustee Corps,” and the transfer of the work was recorded in San Francisco county on June 10, 2024, data obtained from Post Show.
The house was sold original at April 2, 2024, to the highest bidder for $ 187,500.
While the sale may seem like a real estate robbery in San Francisco High, the sharp state of the house is completely removed from work for its new owner.
Michelle Penre – who held the ranking with Engel & VOelkers – did not immediately respond a comment request.
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Image Source : nypost.com