September 21, 2006

Alamo Square: Five Condos Left?

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
Free Plasmas Coming Soon? [SocketSite]

First Published: September 21, 2006 12:27 AM

Comments from "Plugged In" Readers

man those places are UGLY anyway

And that white picket fence looks ridiculous

Posted by: zig at September 21, 2006 5:06 PM

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

Posted by: Anonymous at September 21, 2006 6:26 PM

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.

Posted by: Anonymous at September 21, 2006 8:34 PM

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....

Posted by: Ellen at September 22, 2006 11:03 AM

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.

Posted by: EBGuy at June 25, 2009 3:52 PM

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