September 22, 2010
A Green (And No Longer Confidential) Apple To Be On Russian Hill
Listed for $2,100,000 in April 2008, the two-bedroom Green Hill Tower (1070 Green) condo #902 sold with a "confidential" sale price reported on the MLS that June. As such, the list price of $2,100,000 would have been used when compiling MLS based median and average sale price reports.
Public records, however, suggest the sale price for the Russian Hill home was actually $1,910,000. And two weeks ago, the two-bedroom view condo returned to the market listed for $1,695,000. Currently in contract, but it would appear that not all contingencies have yet been waived.
∙ Listing: 1070 Green #902 (2/2) 1,660 sqft - $1,695,000 [sfproperties.com] [MLS]
∙ An End To Confidential MLS Sales* (*Unless You're Willing To Pay) [SocketSite]
First Published: September 22, 2010 1:30 PM
Comments from "Plugged In" Readers
Wonder what it must be like to flush about three hundred thousand dollars (loss, commissions, transfer tax, finance costs, etc) down the toilet in non-rent, only two years after you thought you had gotten a "deal".
Posted by: tipster at September 22, 2010 2:11 PM
Wasn't mid-2008 the time when we had all the gloating about "not in Real SF"? Followed by 5% max. Followed by 5-10% max. Followed by rancorous one-liners.
Posted by: lol at September 22, 2010 2:22 PM
yeah, two year hold in the midst of worldwide economic turmoil=not a good idea.
Posted by: anonee at September 22, 2010 2:31 PM
But a two-year hold from 2004 to 2006 would have worked out great.
Unless you bought early and sold the place before the bubble burst, just about any SF purchase from 2003-2010 is going to "= not good idea"
Posted by: A.T. at September 22, 2010 2:55 PM
I'm considering purchasing in Russian Hill in a year or so - I currently live by the palace and I love it, but the landfill issue scares me. Russian hill seems like a good compromise for a view whore like me. What are the thoughts on the neighborhood from the SS'ers?
Posted by: lolcat_94123 at September 22, 2010 5:06 PM
This unit came on the market this spring, asking (if I remember correctly) $2.1M. Restaged and re-photographed, but obviously dropping the price around $400K works even more magic.
Posted by: Rocco at September 22, 2010 6:44 PM
Posted by: SocketSite at December 29, 2010 12:26 PM
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