July 31, 2008
The View From The First Listed Resale At Soma Grand (1160 Mission)
As far as we know it’s the first listed resale at Soma Grand (1160 Mission). And while we don’t know the original acquisition price for 1160 Mission Street #1206, we do know that its list price ($1,088,000) is $12,000 less than what the sales office is currently asking for 1160 Mission Street #1006 two floors below ($1,100,000).
Of course it's entirely possible that the sellers of #1206 acquired the unit early on at a "friends and family" discount. And if so, perhaps they're no longer (the former at least).
First Published: July 31, 2008 9:00 AM
Comments from "Plugged In" Readers
Not only are you saving $12k and being up two floors higher the HOA for 1006 is $28.55 more than for unit 1206! that should make it even a little easier. Plus of course the owner upgrades this person has done.
Posted by: Ryan at July 31, 2008 9:29 AM
Note to Agent: You might want consider eliminating some of the 12 nearly-identical shots of the stools and console table. And maybe lose the picture of the lobby taken with an old cell phone during an earthquake:
Posted by: bats at July 31, 2008 9:39 AM
Is there no way to tell what they paid for 1206? Isn't this public info you can find somewhere?
Posted by: phatty at July 31, 2008 9:42 AM
"Is there no way to tell what they paid for 1206? Isn't this public info you can find somewhere?"
It's part of the housing bill. To shore up the real estate market, home sales prices are no longer public information.
Posted by: anon at July 31, 2008 9:59 AM
Wow, this place is 1400 sf? Where did it all go?
Given the neighborhood, HOA fees, and lack of appeal, this unit seems grossly overpriced.
Posted by: Foolio at July 31, 2008 10:02 AM
the HOA for 1006 is $28.55 more than for unit 1206...Plus of course the owner upgrades this person has done.
Just a little hint: you can probably get the developer to throw in those upgrades for free, and only the seller pays HOA for at least 3 years.
That's a great view (which probably won't be obstructed for a while), and a pretty place that's quite spacious for the money, not that it won't be lower in a few years. If you don't mind the neighborhood (couldn't pay me to live there, but that's just me), that's not a bad place at all.
Posted by: tipster at July 31, 2008 10:16 AM
couldn't find original sale price for 1206, but did find some other prices per the Chronicle:
1606 and 1806 sold the same day and all of these sold within a few months of each other.
I saw some other screwy prices too, including #503 selling for 590K the same day as #1803 sold for 540K. It makes me wonder if they are different floor plans.
Posted by: anono at July 31, 2008 10:18 AM
Could this be the most desirable unit in the city?? If for no other reason than the fact that you don't have to look at the outside of the building from your window.
Posted by: sf at July 31, 2008 2:01 PM