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The company — the largest of the “iBuyers” — says it doesn’t aim to make money on the resale, but rather on the fee it charges individuals from which it buys homes. Even then, profit margins are slim.
Yours for $3.7 million: a 10,000-square-foot house on 10 acres with an RV garage.
“People didn’t want to buy two houses,” the listing agent said of the previous listing. “So this time we repositioned (the listing) as the main house that comes with a casita.”
“There are very few new townhouse options in Wash Park,” developer Katrina Plank said.
The 24-hour eatery’s real estate at 601 E. Colfax Ave. has been on the market for months, with an asking price of $4.8 million.
It’s the second time that Alameda Station has sold since construction was completed about five years ago.
Tim Gill, whom Rolling Stone has called the largest individual donor to LGBT causes in U.S. history, is asking $3.85 million for his home.
Visitors “can’t help it but pull out their cellphones and take a picture,” the current owner said.
The sale price is now public for a deal BusinessDen first reported last week.
The home was built in 2006 and was mentioned once in the Financial Times.
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