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June 6, 2011

Pac Heights Buyers Go Crazy, Ignore Grim Outlooks

2530sacramento

The activity over at 2530 Sacramento this week turned its nose up at the latest negative housing reports. Listed at $1,295,000 in mid May, the vacant two-unit building is being sold via probate and is subject to court confirmation. This means that the accepted offer heads to court, a date is set, and then others can attend the court date and outbid the accepted offer.

The property garnered multiple offers, with the accepted one clocking in at…$1,905,000. So if you’re still interested in outbidding that baby, you’re gonna need to come up with a minimum of $2,000,750. What recession? Just goes to show you where the market is for vacant two-unit buildings in prime San Francisco locations.

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