June 6, 2007
A Bulk Featured Properties Update: 6/6/07
It has been a busy week (or two) for properties we have recently featured on SocketSite.
Both 3130 Pacific (listed at $12,495,000) and 355 Bryant #409 (listed at $1,395,000) went into contract (within days); while 2200 Sacramento #108 closed escrow (contract price of $975,000 or 5% over asking) along with 99 Surry (contract price of $573,000 or 4.3% under asking), 1326-28 15th Avenue (contract price of $1,610,000 or 16.2% over asking), and 4065 25th Street (for an undisclosed amount but with multiple offers).
At the same time, 601 Van Ness #808 was reduced another $19,100 and is now listed at 6.7% below what was paid seven months ago. Anything we missed? And yes, we’re evaluating a number different ways of to keep you “plugged-in” to any (and all) properties we feature on the site.
∙ From Renderings To Reality (3130 Pacific) [SocketSite]
∙ An Ubermodern Renovation In A Classic Conversion Building [SocketSite]
∙ Modern High-Rise Living In Older Pacific Heights [SocketSite]
∙ Larger Than It Looks (Although Not By Much) [SocketSite]
∙ Before And After And On The Market (1326-28 15th Avenue) [SocketSite]
∙ Or At The Very Least, Not All Caps [SocketSite]
∙ Shouldn’t A Rising Tide Raise All Boats? [SocketSite]
First Published: June 6, 2007 3:05 PM
Comments from "Plugged In" Readers
top marks for the updates!!
Posted by: bdb at June 6, 2007 5:13 PM
Yes, thanks for the updates Socketsite! I'm surprised 2200 Sacramento #108 actually went for above asking to $975,000. $1,000/sqft, with $800 HOAs and no view? Pretty impressive. Lafayette Park is a great park.
Just curious, how do we find out the sales prices on our own if possible?
I'm particularly interested in this unit:
3117 Buchanan St. asking $799K for a 2/1 as I was thinking of putting in a bid, but decided i wouldn't come close due to the 70 people i saw come in during a 30 minute session at one of their open houses.
2511 Steiner for $3.85 million also will be interesting to see what it sells for at 3,300sqft. Pls update us if and when you find out!
Thnx!
Posted by: b at June 6, 2007 6:38 PM
b,
2511 Steiner sold for $4.2, 350k over asking.
3117 Buchanan sold for $846k, 47k over.
Wayne
Posted by: wayne at June 6, 2007 6:47 PM
Wayne - You the man! Steiner really sold for $4.2 million? I took a look... it was nice, but i thought the layout was kinda funky, with not a lot of flow. Cute nooks and crannies. No yard either, although the roof deck was nice. What are your thoughts? $4.2 million is a mind boggling number.
I'm surprised 3117 Buchanan only sold for $846! Darnit! I was really thinking of putting a bid at $845K or something, but i thought it may go for high $800's, so i didn't bother. Pretty good value, don't you think? Even though the second bedroom is really the dining room.
Oh, perhaps u know this one too: 2508 Broadway? 5,000sqft view home, asking $6.3 million? I checked it out for fun since it was close to 2511 Steiner.
Thanks again Wayne!
Posted by: b at June 6, 2007 6:53 PM
b,
I think u got the wrong address for Beoadway!!
Posted by: wayne at June 6, 2007 8:00 PM
I can't believe someone bought 99 surrey
Posted by: Stu at June 6, 2007 9:24 PM
I'm surprised that 2200 Sacramento #108 went for as high as it did. HOA dues, property taxes, and capital costs on the $975K purchase price amount to over $7,500 per month. Seems like a lot of $$$ for two bedrooms and no view.
I guess that it will seem like a bargain though when it gets re-sold for $2M in 5 years (or maybe not).
Posted by: Ruth at June 7, 2007 9:26 AM
I am also surprised by 2200 Sacramento #108. On the other hand, I think 1326-28 15th Avenue was a very good deal at 1.61M.
On a seperate note, it seems SocketSite is absessed with remodeled properties (or fixers). I have to admit buyers seem to like it. However, can we cover some "regular" properties?
Posted by: John at June 7, 2007 10:35 AM
355 Bryant closed escrow last week for $1.4 million -- just a little but over asking.
Posted by: Damion at June 17, 2007 12:44 AM
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