April 21, 2009

$1.3m in instant equity waiting for you in San Francisco

3548 Fulton, San Francisco, CA 94118 | MLS# 351864
3548 Fulton San Francisco, CA 94118
Price: $229,888

1192943389-3548
Beds: 0
Baths: -
Sq. Ft.: -
Lot Size: -
Property Type: Tenancy In Common, Studio
Style: Contemporary
Region: San Francisco District 1 (Northwest)
Area: Inner Richmond
County: San Francisco
MLS#: 351864
Source: San Francisco MLS
Status: Active
On Redfin: 69 days
JUST REDUCED! Completly remodelled, Garden Studio w/ Storage & Deeded backyard for pets. New appliances, floors granite counters, subway tile & modern lighting, stainless steel appliances, across the street from golden gate park and public transportation.

Burbed reader Jason alerted me to this fine property in SF. Hey, it’s got the lucky price! Hey it’s got 0 bed rooms! Hey it’s got a deeded backyard for pets!

But what’s this all about?

1899519033-3548a

Does this mean that this was formerly a TIC which has now been broken up into separate units? Or is there really $1.3 million in instant equity to be tapped?

Please chime in, SF experts! Please chime in!

Comments (2) -- Posted by: burbed @ 5:42 am

2 Responses to “$1.3m in instant equity waiting for you in San Francisco”

  1. waiting_for_the_fall Says:

    It’s a multifamily- 4 units.

  2. Bobby S Says:

    Looks like it has gone off the market. Perhaps the seller read this blog and thought about the profit he/she could be making by increasing the asking price and/or the seller had so many offers that they decided to take the property off market. I suspect the seller will leave the property off the market for a few weeks then relist it at a higher asking price (at true market rate) hoping no one will notice the new increase and cash in on the instant equity. Caching!


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