A steal of a deal at the Brannan not quite
There were swarms of agents and prospective buyers flocking to the Brannan
Get it while it’s hot! For anyone interested in the short sale at the Brannan – 239 Brannan, number 4E, at list price $649,000 – here’s the scoop:
There are two renters in the unit right now. One leaves at the end of March, the other at the end of July. There are two notes on the property – both with Bank of America. They roughly total $900,000.
The agent, Nelly Rickert, of B R realty, from Point Richmond, said there are already four offers in hand – even though the offer date is 5:00 PM, March 15, 2012.
She said that two are all-cash and the other two are conventional financing. All of the offers pick up the $32,000 back dues. Of note, none of the four prospective buyers has seen the unit. Talk about buying sight unseen!.
It’s a corner unit, facing Brannan Street on the fourth floor with two bedrooms, Two bathrooms and one parking space. The OA dues would be $854 a month and there’s no doubt it’ll go more than the $649,000 asking price, which is – of course – not-yet approved.