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REO’s make for interesting stories

by sfishome on January 23, 2009


San Francisco is finally seeing some Bank Owned “REO” properties… some had attempted Short Sales first… and I don’t think I’m going out on a limb by guessing there were offers but the banks couldn’t or wouldn’t get their act together to accept it. So not too far down the road the same property hits the market again.

88 King St #101 is one of those properties. I saw it when it was a short sale, and last week it came back on the market priced lowered than the short sales price at $779,000. This is an unusual condo… it’s across from AT&T Park where the San Francisco Giants play, and it’s literally on the street. With a wall of glass, you’d be staring a lot of Giants fans in the eyes during their 81 home games. In the photo, note the street level glass door leading to the Condo’s patio which then leads to a door that puts you in the unit’s living room. There’s also an interior entry way.

But at $779,000 for nearly 1500 SqFt, 2 bedrooms and 2.5 baths on two levels, it looks like a pretty good deal. I’d even suggest trying to pick it up for a little less. If you’re interested in the property, check it out at www.SF-MLS-Search.com or email or call me and I’ll send you the info.

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