The recent sale at 488 Folsom Street Unit 4601 presents an interesting underbid scenario. Originally hitting the market at $4,950,000, the final closing price landed at $4,750,000. Securing a property for $200,000 under asking in a high rise building is a strong outcome for the buyer.

Unobstructed Bay Bridge views from the 46th floor of a sculpted glass skyscraper define this residence. The sweeping panorama commands attention from every room… making the negotiated price reduction even more notable. Real estate transactions at this tier often hold firm, yet this buyer managed to acquire a distinct financial advantage… securing a highly favorable price.

For more Underbid sales, head to The Goods.

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