It was almost two years ago that a reader first wondered about the renovation of twelve units up at 415 Carl. And it was about six months later that they first hit the market.
Asking $489,000 in January of 2008, the list price for 415 Carl has been reduced to $399,000 while the list price for 437 Carl has been reduced to $499,000 (from $529,000).
Of the six TICs and six condos within Carl Terrace, ten remain unsold (including all six of the TICs). And the seller is now offering five year financing (interest only at 5.5% with a balloon payment) with 15% down.
∙ Moving Pictures: Can You Help A Reader (And Us) Out? [SocketSite]
∙ Two Of The TICs At 415 (And 437) Carl Hit The Market In Cole Valley [SocketSite]
∙ Carl Terrace [carlterrace.com]