Alamo Square
The sales office has been turned back in to a condo, and it’s looking like there might be just five of the 63 units left for sale at Alamo Square. At least two of them (#116, #243) have been reduced by $56,000 (8.5%). That’s equal to about 12 years of “pre-paid HOA Dues.”
UPDATE (9/22): While there are five units for sale by a single broker, a commenter notes that it’s possible that they are “officially” resales (i.e. flips). Another possibility is that the original developer offloaded the five condos to a third party. Regardless, all five were reduced by ~$25K this afternoon.
∙ Listing: 988 Fulton Street #116 (1/1) – $599,000 [MLS]
∙ Listing: 988 Fulton Street #243 (1/1) – $599,000 [MLS]
∙ Listing: 988 Fulton Street #325 (0/1) – $450,000
∙ Listing: 988 Fulton Street #331 (2/2) – $755,000
∙ Listing: 988 Fulton Street #335 (2/2) – $755,000
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Comments from “Plugged-In” Readers

  1. Posted by zig

    man those places are UGLY anyway
    And that white picket fence looks ridiculous

  2. Posted by Anonymous

    These 5 units are resales – check out the mls broker. All 63 units were sold.

  3. Posted by Anonymous

    God, that project is so UGLY. For some reason I had thought it developed by a church, as an affordable housing project? I thought there was some kind of design control in the Alamo Square Historic District, but maybe this is outside the boundaries, or someone was asleep at the wheel.

  4. Posted by Ellen

    Perhaps if they changed the exterior colors? All that white ugh. With all the historic painted ladies in the Alamo area you would think that there would be exterior paint guidelines/rules. Agree, the picket fence is tack-ee.
    Someone call Armstrong….

  5. Posted by EBGuy

    Unit 335 (2/2 900 sq.ft.) sold for $705,000 in April 2006. Looks like it was a flip that flopped. Sold on the courthouse steps for $530,000 on May 28, 2009.

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