San Francisco real estate just keeps on throwing curve balls our way, as do our totally awesome readers. It would also appear theFrontSteps has highlighted three sub $400k properties this week alone! That has to be a record. This one from “AMinSF”:
TICs anyone?
Note the DOM (Days on Market)- 451!!!!! That’s insane! I looked at that project when it came out, they were not bad 1 BR units with tandem parking per unit. I think 3 out of 4 sold w/in 4-5 months, so why would the last one be such a dog? Ouch.
That project is 2671 Bryant. The link does not show the DOM, but AMinSF is right on. To provide a little more history, the original asking price was $454,500 (now $399,388), and it appears (according to MLS) to have been in contract around January 14th, 2008.
We thought maybe you’d like to see the hourly wage earned for this Realtor, on this unit, should it sell today at asking, assuming a 2.5% commission. But then we figured there are so many ways to slice that pie, we’d rather see what you come up with.
Or, if you’re not a math whiz, maybe you’d rather tell us if you’d prefer this sub $400k condo on Monterey, this sub $400k condo at 888 Seventh Street, or the sub $400k TIC mentioned in this post here? We know “Garrett” would like to know.
All things to ponder, discuss, and debate on a Friday. We look forward to your responses. Have a great weekend!
–Sub $400k at 380 Monterey (#101) [theFrontSteps]
–888 Seventh Street, 85% sold and looking for your $399,000 [theFrontSteps]
–2671 Bryant [sfnewsletter listing detail]
this is still available. any idea why?
It’s tiny, not in the best location, and buyers in this price range are licking their chops hoping for prices to plummet where what is now $700k, will soon be $350k. Not likely to happen, but that’s what a lot are thinking. The lending environment likely has something to do with it too.