Built in 2001, the two-bedroom #3 atop 146 Connecticut appears to have first sold for $729,000 that April and then $880,000 just three years later in 2004. Taken back by the bank three weeks ago, the 1,056 square foot Potrero Hill condo is now back on the market and listed for an offer inciting price of $525,000 (“No offers until 1/4/11”).
The listing touts “Modern kitchen with granite counter tops” although you’ll have to take their word for it (it’s not pictured in any of the current listing pics), there do appear to be some nice views (although keep in mind that pictured roof deck is shared), and we’ll touch on that “owner occupied versus investor” bit in a bit (unless you beat us to it).
We’ll also note that the 1,502 square foot lower floor unit #1 at 146 Connecticut which originally sold for $699,000 in May of 2001 resold in October of 2005 for $980,000.
But remember short term holds never show appreciation. Well, unless the market is actually going up rather than down.
∙ Listing: 146 Connecticut Street IT-3 (2/2) 1,056 sqft – “$525,000” [MLS]