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November 12, 2010

Just Sold: SoMa Short Sale Loft


I just closed my second short sale of 2010 today—a 1BR/2BA spacious loft at 380 10th Street #7. We had two lenders to contend with (Wachovia/Wells and Citi), but they were quite agreeable, and we closed precisely on time.  List price was $689,000.

The unit features a bonus mezzanine area, high-end chef’s kitchen and large private patio. One-car parking was also included.

Though many short sales don’t turn out to be deals, I think my clients actually bought this unit at an excellent price. The HOA has strong reserves, an efficient HOA, and very responsible neighbors.

Keep SoMa in mind if you’re shopping for a value condo.

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