Stranger things have been known to happen. — Just today, 1941 Leavenworth, a 4 bed, 3.5 bath, single family home in Russian Hill, closed escrow for a cool $2,000,000. Asking price, $1,799,000…in this market!? Guess it’s not THAT bad after all. Oh yeah, we forgot to add…six make that eight offers.
Category: Russian Hill
Como Se Dice… Gonzo? 1080 Chestnut #14A, one day on and gone!
One day on, one day off…1080 Chestnut #14A, a 3 bed, 3.5 bath, 2600 square foot co-op sells in contract in a heart beat, somewhere around $4,500,000 (something says off-market deal, which is totally okay by us.) — Sale is pending board approval. –1080 Chestnut #14A [MLS]
today on theFrontSteps.org
Coming Soon (1460-68 Broadway @ Polk) From this: To this: These TIC units at 1460-68 Broadway are expected to hit the market this weekend. We’re still waiting to hear back from the developer on pricing and details. For now, imagine how much better your food will taste cooked in the new kitchen as opposed to … Continue reading today on theFrontSteps.org
1501 Greenwich: an update
Regarding 1501 Greenwich, per an email blast we just received, “9 UNITS IN CONTRACT SINCE FRIDAY, FEBRUARY 15TH!” (Caps are theirs, not ours).
Comment du Jour: “‘The Greenwich’ was a ZOO” (1501 Greenwich)
Our reader, who sounds very similar to a few other readers we have ;-) was apparently at the opening of The Greenwich, a new development on the cusp of Russian Hill and Cow Hollow, and had this to say: Was at the Grand Opening of “The Greenwich” and it was a ZOO. Maybe 500 people … Continue reading Comment du Jour: “‘The Greenwich’ was a ZOO” (1501 Greenwich)
A sexy price reduction from a sexy Realtor
Hot off our topic on resetting DOM to make a listing appear new on market, we find one of theFrontSteps’ sexiest Realtor nominees slashing the price of 723 Bay from $1,775,000 to $1,595,000 (enough to make it exactly 1 day on market, and narrowly missing sfnewsletter’s Stalefish Tank). Let’s see how it goes this time … Continue reading A sexy price reduction from a sexy Realtor
Look past the furniture and focus on the sale (1700 Jones #4)
Being real estate professionals, it is our duty to look past the clutter and furniture and find the value in each property. We had a little trouble getting past the ottoman, sofa, chairs, and dining room wall coverings of 1700 Jones #4, but apparently the buyers saw something we didn’t. This is a 2 bed, … Continue reading Look past the furniture and focus on the sale (1700 Jones #4)
It’s not the size that counts…(1188 Green #10)
It’s what you do with it that matters: 1188 Green #10 is a staggering 260 square feet (per tax records), and might be listed in MLS tomorrow around $399,000, but you can’t fault the seller for making the best of a tiny space. —– We’re thinking some of those strong Euros might like to take … Continue reading It’s not the size that counts…(1188 Green #10)
Hotel Luxury Condo’s Hold Their Value
by Janet Krahling Take a look at this comparison: Downtown Hotel Luxury Condos (St. Regis and Four Seasons Residences re-sales) vs. Pacific Heights Condos ($1m+ sales). This chart compares average price per square foot in 2006 vs. average price per square foot YTD in 2007, according to MLS data. The average price per square foot … Continue reading Hotel Luxury Condo’s Hold Their Value
Real Estate Keywords (805-817 Lombard)
How do you get a developer, or investor in San Francisco to begin frothing at the mouth? You use these words: “Russian Hill; Two buildings; Two units each; VACANT with no eviction history; 7 garages…” The rest is fluff. 805-817 Lombard, $2,750,000, hit the market June 15, pending already. –3130 Pacific: Priced to sell at … Continue reading Real Estate Keywords (805-817 Lombard)
Ask 4, get 5…MILLION! (1090 Chestnut #7 is sold $1,000,000 above asking.)
You heard us correctly. Not too long ago, 1090 Chestnut #7, a 4 bed, 3.5 bath, 3300 square foot “co-op” came on the blocks, and quickly went off…$1,000,000 over what they were asking. That makes $1500/square foot, and the best part is the low HOA’s of only $2444.26. –1090 Chestnut #7 [MLS]
Heritage Marina Hotel going Condo! (2550 Van Ness Avenue)
“An investment group comprised of Canadel Development in Canada, and Polar Investments, an Israeli company controlled by Ziel Feldman, paid $25 million for the hotel. They plan to convert it into 100 luxury condominiums and add additional space. The conversion is expected to take 18-24 months, and cost $54 million.” “Proceeds from the final sale … Continue reading Heritage Marina Hotel going Condo! (2550 Van Ness Avenue)
2340 Larkin #2…an update, and $296,000 price reduction.
We’re slowly getting back into the swing of daily posting about real estate and still very much a construction site over here at theFrontSteps, so what better way to kick things off with a post about how utterly and completely wrong we were, and it isn’t the first time. The update for 2340 Larkin #2 … Continue reading 2340 Larkin #2…an update, and $296,000 price reduction.
Fools Bettin’: an Update on 2340 Larkin #2
Not too long ago, we were “Bettin’ Fools, now we’re looking more like Fools Bettin’. We predicted 2340 Larkin #2 would be sold by now…and we were wrong. We were also wrong about 1110 Fulton, but thank God we weren’t wrong too long…Fulton is, at least, on track to close escrow soon.
Bettin’ Fools
[Update 6/18/07: $296,000 Price Reduction] 2340 Larkin #2 hit the market this week (asking $2,295,000). It is a 2 bed, 2 bath, 2100 square foot condo in Russian Hill, and we’re bettting it’s sold (or at least in contract) before the end of the month. Yeah, we know, the market is horrible, prices have come … Continue reading Bettin’ Fools
For the love of Florence!
Could somebody please help this property sell? We just posted about 1940 Broadway and how it is practically flying off the shelf (as are most A+ properties), but for some reason 1 Florence #6 and #1 (package deal), a penthouse condo in Russian Hill, can’t get off our Stalefish ™ list. (Only available through the sfnewsletter.) They … Continue reading For the love of Florence!