Deal of the Week: 555 4th St 1BR for $405,000

Deal of the Week: Banked Owned REO at The Palms:
555 4th St #625 1BR for $405,000


Per tax records 555 4th St #625 (The Palms) was purchased for $598,000 in 2006. It was then taken back by the Bank for $510,698 this past October. Listed by an out of area agent (don't get me started at that topic) for $450,000 not even 3 weeks later (well, a fast bank turn around at least) it went into contract one month later. But yesterday, it came back onto the MLS for $405,000 representing a 33% loss from it's '06 purchase price. Pretty typical of what I'm seeing at The Palms and just about all of the newer buildings in the area.

6th floor is over the roof tops looking across 4th Street where this unit and this balcony face.

New SFisHOME Listing: 555 4th St #650

"The Palms" is well located near AT&T Park, Whole Foods, freeway commutes to the East Bay, Peninsula or walk to downtown San Francisco. Finally a unique and special unit at The Palms on 4th Street off of Bryant. It is a corner end-unit with a condo-length balcony and two balcony doors - one from the Living Room and one from the Master Bedroom. Full details via the "view detailed listing" below.

This is easy to show, call Rob at 415-652-3780 and I'll let you park in the unit's space for the full experience of living at The Palms. This condo is priced below most of it's competition even though it is a superior unit. So we are priced to sell quickly - a must see is the South Beach, Mission Bay & SOMA area if where you want to be. And just wait to you see the common areas in the building - a gym, billiards/lounge area, business center and a theater. Check out the listing and let us know when you want to see it: