Good luck to you!
Thank you for all your response. I was at Zillow.com and Redfin.com and did a search of recently sold home around that area and this unit shows up saying it is sold for a mere $3,000 on August 4th, 2009. The source listed was public records. see link below. What's going on with this? Insight anyone? Thanks!!
No, it is not "for real"! Neither of the unit numbers you mention in your question were sold nor were they taken back by the bank. Nor do either of these properties have notices of defaults filed.
Sometimes when a property is foreclosed on, the amount that is owed will show as the price the home sold for and that is confusing for someone that isn't a real estate professional or someone that doesn't know how it investigate the layers of information to get to the facts. This isn't the case with either of these units.
170 Off Third is the development and they just went into escrow with the last unit the developer had to offer a few days ago. There are also some resales there, but certainly the amounts of money you mention won't even take care of closing costs on a transaction.
Real estate has many layers and can be confusing especially in this unpredictable time. Good luck in your search and if you have any questions, please feel free to call or email me at anytime.
Zephyr Real Estate
318 Brannan St
S.F. CA 94107
Your numbers are obviously incorrect. I too, would like to know where you got those numbers! You can go to the Assessor's Office to check out the correct prices. Or ask your realtor to get them for you.
This was new construction and most of the sales are NOT listed in the MLS so research will need to be done.