The Return(s) of a Formerly Foreclosed Upon Noe Valley Home

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Obtaining been foreclosed upon, flipped and then wholly remodeled to generate a almost 3,000-sq.-foot Noe Valley home, with a “dramatic open up floor prepare,” 4 en-suite bedrooms and a two-auto garage, 1164 Church Avenue offered for $2.45 million in Oct of 2013, as we outlined at the time. Given that […]

Obtaining been foreclosed upon, flipped and then wholly remodeled to generate a almost 3,000-sq.-foot Noe Valley home, with a “dramatic open up floor prepare,” 4 en-suite bedrooms and a two-auto garage, 1164 Church Avenue offered for $2.45 million in Oct of 2013, as we outlined at the time.

Given that more reworked to increase a fifth bed room, the one-family residence returned to the sector in March of past calendar year priced at $3.495 million, a sale at which would have represented complete appreciation of 42.7 percent, or around 5.7 percent per yr, given that the fourth quarter of 2013.

And acquiring been lessened to $3.145 million past July and then relisted new for $2.95 million last month, the re-sale of 1164 Church Street has now shut escrow with an “at asking” deal value of $2.95 million and only “29 times on the market” in accordance to all industry stats, representing web appreciation of just 20.4 per cent, or about 2.5 % per yr, for the reworked single-loved ones household because the 3rd quarter of 2013, not accounting for the cost of adding the fifth bedroom.

The index for Bay Location (“San Francisco”) household values is up 66.2 p.c in excess of the same interval of time.

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