June 19, 2008
A Contemporary Condo That Caught Our Eyes (You Supply The Story)
No specific story of which we're aware (other than asking almost $1,200 a square foot on Elizabeth), a few of the images simply caught our eyes (not to be confused with cauterize).
∙ Listing: 921 Elizabeth (2/2.5) - $1,495,000 [MLS]
First Published: June 19, 2008 9:45 AM
Comments from "Plugged In" Readers
Nice but too much - will go in the 1.3 range.
Posted by: Enthano at June 19, 2008 10:31 AM
x2 -- agree with above. But I'm honestly continually surprised at the final selling prices of theses places.
Posted by: eddy at June 19, 2008 10:57 AM
The list price for 921 Elizabeth has once again been reduced. Now asking $1,385,000 with 146 days on the market and four small cuts.
Posted by: SocketSite at November 11, 2008 9:17 AM
Not sure if this sold, and is back on market -- but it is 0 DOM at $1.385.
Posted by: eddy at February 2, 2009 5:16 PM
This is listed in the SF Chron sold homes today. Says it sold for $1.155M on 4/07/09; it was last sold for $1.35M in July 2006. So... about a 14% drop if the numbers are correct.
Posted by: RenterAgain at April 26, 2009 1:47 PM
Take out the Realtor fees and we're talking a loss of $264k in less than three years, ouch!
Posted by: unearthly at April 26, 2009 1:57 PM
I bet $264K of nondeductible personal loss is less of a loss than the 2009 purchaser is going to absorb over the next three years!
Including the capital loss and the after tax carrying costs, the sellers probably spent maybe $15-17K per month to live there. Not too bad - I'm sure they enjoyed it. Except for the 9 months or so (almost 30% of the time they "owned" it) during which they were trying to unload the albatross, dealing with realtors, open houses, keeping the place spotless for showings, etc.
Posted by: LMRiM at April 26, 2009 2:09 PM
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