September 22, 2011

Can You Feel A Ripple In The Force?

2739 Larkin

As we wrote in April:

Listed for $1,995,000 last October, 13 days later the sale of 2739 Larkin closed escrow with a reported contract price of $2,650,000. Yes, 33 percent over asking.
It’s now six months later, and while it’s been making the rounds quietly for at least a few weeks, yesterday 2739 Larkin was officially listed for $2,695,000.
While not noted on the MLS once again, tax records report it's 2,596 square feet. We’ll let you set the odds on a repeat performance with respect to price.

As we then added this past June:

Yesterday, the sale of 2739 Larkin closed escrow with a reported contract price of $2,725,000, up 3 percent over the past seven months on an apples-to-apples basis.
And yes, the seller last year was a Lucas.

It’s now just three months later and 2739 Larkin has been listed once again as a "2nd chance" (or more accurately third), this time asking $2,895,000.

∙ Listing: 2739 Larkin (3/2.75) - $2,895,000 [MLS]
If You Weren’t The Winning Bidder For 2739 Larkin Six Months Ago... [SocketSite]
The Force Remains Strong For 2739 Larkin [SocketSite]

First Published: September 22, 2011 10:00 AM

Comments from "Plugged In" Readers

Such are the follies of san francisco real estate. This place is really tempting fate.

Posted by: eddy at September 22, 2011 10:46 AM

listing says cul-de-sac but it really isn't, just a low-traffic part of Larkin, still a through-street

Posted by: asiagoSF at September 22, 2011 11:19 AM

A fisherman catches a beautiful fresh fish in the morning and immediately sells it off his boat. The buyer walking up the pier gets 20 feet and someone offers him twice his money. The same thing happens to the next buyer...and so on through the morning as buyer and buyer gets more money, and gets closer to the city. Finally by early afternoon the last buyer now wants to be a seller of a very pricey fish, but the prospective buyer says that fish smells... it is bad! The seller says, "This ain't no eating fish, this here is a trading fish."

Posted by: Trading Fish at September 22, 2011 11:31 AM

I say it goes for 3.1!

Posted by: EH at September 22, 2011 11:36 AM

Designed by Socketsite fav George Hauser

Posted by: inmycountry at September 22, 2011 11:53 AM

so what, the place is haunted? seriously, wtf?

but big money is clearly spending. don't let a poor man's recession get you down, since you're still rich, spend away

Posted by: hangemhi at September 22, 2011 2:35 PM

It seems like places in this market with all-new finishes, big, roomy,
bright, room for a rich young family and nice enough to impress friends -- these places go for a nice markup. The folks who buy them are too busy making money in their careers to be bothered with fixers. No recession for them.

Provided that this one doesn't need so much as a new lightbulb in the bathroom, it should get its price...

Posted by: around1905 at September 22, 2011 3:56 PM

2.75 baths? WTF???
Neither 2.5 baths nor 3 baths. 2.75 baths.
Can someone enlighten me? Is the 0.25 a bidet? Does it signify a wet room? A wet bar in the wet room?
Maybe I'm not that experienced with bathroom nomenclature and enumeration on the MLS, but I thought this was a bit odd...

Posted by: StGeorge at September 22, 2011 7:58 PM

Current owner is selling due to a murder nearby and money is far and away no object.

Posted by: Anon at September 22, 2011 8:38 PM

That's ridiculous, Anon, the current owner needs to look at the big picture: although the residents of SF may be murdering each other in the streets, the board of supervisors has come out in force to make sure that the birds are perfectly safe here.

Posted by: tipster at September 22, 2011 8:50 PM

.25 bath is probably a small room with a sink. otherwise toilet only.

regarding the economy there is lots of evidence we are officially in a recession again. not that we ever got out of the last one. but it is clearly not a recession for the top 1% of income earners, and they definitely seem to have gotten over their caution for spending. I feel like I've seen more Maserati's then ever before, and as others have stated there are some really surprising high-end sales right now.

That said, the rest of the market has definitely heated up in the past 2 weeks. Multiple offers where there was pure silence during the prior 6 months.

Posted by: hangemhi at September 23, 2011 10:13 AM

No murder discount? I'm not expecting Black Plague level here, just your run-of-the-mill shooting type discount.

Posted by: Kurt Brown at September 24, 2011 5:32 AM

The list price for 2799 Larkin has just been reduced $196,000, now asking $2,699,000.

Once again, purchased for $2,725,000 five months ago having sold for $2,650,000 a year ago to today.

Posted by: SocketSite at October 27, 2011 4:55 PM

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