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Not Surprising. These condos are ugly and the location is wanting.

M.R.

Heard it from a friend who

Heard it from a friend who

Heard it from another you been taken back by the bank

...sorry, couldn't resist.

Does anyone know if all 20 units were sold as condos (did any stay as developer owned rentals)?

So much for Ridin' the Storm Out! You know, I just Can't Fight This Feeling anymore but these condos were a terrible idea. $1,200,000 for a 2/3 next to the criminal courthouse? In My Dreams! You can't blame the developer too much though, as they certainly tried to Roll With the Changes and Keep Pushin' these units. Buy a condo get a car? Talk about I Don't Want to Lose You! My advice to the residents of 767 -- get in your free Prius and Take It on the Run, baby!

Time for Me to Fly,

Stu

The developer kept three of the units.

Looking at these units back when they first came on the market I got the impression that this was the worst design and the worst build quality that I have seen in any loft condo, and that is saying a lot. The money obviously did not go to starchitect fees or high quality finishes or on demand water heaters for each unit, so where did all the money go? Land costs?

The location may not be the best, but it is not bad for South of Market and is walking distance to many things. However good it may be for development to be encouraged, this miserable structure serves best as a dire warning.

"Crummy poorly located & overpriced building plunges in value" news at 10 ...

$800k ain't exactly giving the place away. That's still $400 psf.

I considered buying there in 2007 because they seemed to be the most reasonably priced lofts available. But the area, the building, and the unit itself were all very unimpressive. So glad I just looked.

& Stu is winning for best comment.

That area is terrible. Apologies to anyone who did buy around there, but I had to walk through there recently for jury duty and can say it ain't getting any better. SOMA still feels a little bit like a scene from escape from NY. They just haven't put up the razor wire yet.

Wasn't this building tied-up in litigation for a while -- and didn't that impact potential sales during that time period? Terrible location if you own a dog.

Turkeys only fly when they have a LOT OF LIFT.

We looked at these last year and weren't impressed, the location sucks, the constant sound of the highway doesn't help either.

If you go into foreclosure do you get to keep the car? (devious ideas...)

i used to rent a top-floor unit from an owner who went into foreclosure, declared bankruptcy, and absconded with my sizable deposit. which sucked... but at least i didn't own the place. that building has the worst construction quality i've ever seen.

Way over priced - the location sucks. Go on, flame me.

Err.. "go on, flame me again."

While not listed above, the short sale of 767 Bryant #205 closed escrow yesterday with a reported contract price of $595,000 (listed at $699,000). That's $374 per square foot and 36% under its sale price of $933,000 in April of 2007.

The asking prices for 767 Bryant #404, #406, and #409 have been reduced to $475,000.