March 27, 2009
And Then There Were Six - And One Resale - At The Hayes (55 Page)
According to the sales office there are only six new condos left to be sold at The Hayes (55 Page). And there are only two units currently listed for sale on the MLS (one of which is a two-bedroom penthouse re-sale asking $998,000 or $665 per square foot).
UPDATE: A bit of plugged-in insight on the aforementioned penthouse unit:
This unit shown is/was also listed for rent. I checked it out and while very nice, I didn't like that the whole place is carpeted. Owner/agent said it was previously rented to a banking couple who had lost their jobs and moved to Sac. Said they had been paying over $5000 for rent, then was listed at $4500 when I saw it, and recently saw it listed at $4200 I think.
Now asking for $4,000.
∙ Listing: 55 Page #820 (2/2) 1,500 sqft - $998,000 [MLS]
∙ Magnificent Penthouse w/excellent city view [Craigslist]
First Published: March 27, 2009 8:00 AM
Comments from "Plugged In" Readers
Well, they had about 50 units unsold in Oct 2007, so it looks like they've averaged about 2.5 sales/month over the past year and a half. Not sure how many of those sales occurred after the price cuts late last year.
Posted by: anonm at March 27, 2009 8:45 AM
It's a great location. Also if any high-rise advocates are reading this, I'd like to promote this type of development as an alternative providing a lot of density and compatible with the feel of existing neighborhood - unlike high-rises, no matter how cleverly designed.
Posted by: flaneur at March 27, 2009 8:53 AM
I bet there are more than 6 still available, and there will be a ton of resales in the next year.
Posted by: Art at March 27, 2009 9:01 AM
Any word on which 6 are left and at what prices?
Posted by: Poor in Pac Heights at March 27, 2009 11:31 AM
This unit shown is/was also listed for rent. I checked it out and while very nice, I didn't like that the whole place is carpeted. Owner/agent said it was previously rented to a banking couple who had lost their jobs and moved to Sac. Said they had been paying over $5000 for rent, then was listed at $4500 when I saw it, and recently saw it listed at $4200 I think.
[Editor's Note: Now asking for $4,000.]
Posted by: Irwin Fletcher at March 27, 2009 11:41 AM
That's a quick 20% drop from over $5K to $4K and still advertising. Falling rents are going to cause a lot of pain for wannabe real estate tycoons that were sold "investment" properties over the past few years.
Posted by: Michael at March 27, 2009 4:41 PM
My problem with the Hayes is 1) lack of closet/storage space; 2) all electric kitchen and heat; & 3) lower quality finishes. I did like the exterior and some of the unit floor plans.
Posted by: MoneyMan at March 28, 2009 12:11 AM
And now there are 4, with the first 3 buyers getting dining certificates to Zuni. Sorry 4th buyer, you get screwed!
Posted by: Poor in PacHeights at April 2, 2009 10:35 AM
The status on this one is now "withdrawn" -- s'up?
Posted by: livinintheloin at April 8, 2009 11:23 AM
According to the sales office, those last six units have sold and The Hayes is now officially sold out. Cheers.
Posted by: SocketSite at July 17, 2009 1:47 PM
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