2739 Larkin
Having been purchased for $2,650,000 in October 2010, 2739 Larkin Street resold for $2,725,000 five months later.
Returned to the market this past September listed for $2,895,000 touting “sweeping views of the GG Bridge & bay – think America’s cup!,” the music for the make whole game of musical chairs appears to have stopped for the three-bedroom Russian Hill home as its sale closed escrow today with a reported contract price of $2,600,000.
Call it 5 percent ($125,000) less today than ten months ago, 2 percent ($50,000) below its late 2010 sale, all on an apples-to-apples-to-apples basis.
If You Weren’t The Winning Bidder For 2739 Larkin Six Months Ago… [SocketSite]
The Force Remains Strong For 2739 Larkin [SocketSite]
Can You Feel A Ripple In The Force? [SocketSite]

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Comments from “Plugged-In” Readers

  1. Posted by tipster

    OMG she was lucky to buy before all those IPOs LOL!!
    $400,000.00 lost in 6 months on SF real estate. Never gets old.
    [Editor’s Note: Since corrected above, the decline in value was $125,000 over ten months. The cost of selling, including commissions and transfer tax, was likely around $150,000 for a total loss of $275,000 (give or take).]

  2. Posted by NoeValleyJim

    $2,895,000 was the list price, not the last sales price. The last sale price was $2,725,000. So the loss was $170k in one year, not $295k in six months.
    Might seem like picking nits to some…
    [Editor’s Note: Great catch and since corrected, cheers.]

  3. Posted by Dont get it

    Ouch. at least the seller is doing their part to keep the local real estate industry afloat

  4. Posted by El Bombero

    Maybe I’m picking nits here, but isn’t the loss on the order of about $250-275k? 2.725 purchase minus 2.6 sale price minus agent commission and other selling costs.

  5. Posted by lolcat_94123

    Sold 5 months later?

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