As we wrote five months ago with respect to 270 Castenada:
Asking $3,890,000 and briefly in contract before being withdrawn last April, listed at $2,995,000 today. Still touting “too beautiful to describe” despite Maybeck’s (and the Vernacular Language North‘s) attempt.
Reduced to $2,595,000 in May before being withdrawn from the market without a sale, 270 Castenada is now seeking a tenant at ten thousand a month.
In related neighborhood news, a plugged-in reader notes that 398 Castenada closed escrownon June for $1,225,000 after being bought back by the bank in April, purchased in June of 2004 for $1,495,000 (a 17% drop in value over the past five years).