April 19, 2013
Banking On Renewed Appreciation For The Hamilton
Purchased for $221,000 in January of 2001, the 480 square foot condo #311 at The Hamilton (631 O'Farrell) was refinanced in 2006 with a new loan for $280,000.
With a notice of default filed in February 2012, at which point the owner was $17,500 past due, this past November the condo hit the courthouse steps. With an opening price of $235,000 and no bidders, the condo was taken back by the bank.
Today, 631 O'Farrell #311 was listed for sale with an asking price of $349,650.
As plugged-in people know, The Hamilton was built as a hotel in 1929 and converted to condos in 1962. The 3,879 square foot penthouse #2101 was created by combining four proposed units on the top floor into one large full-floor unit with private elevator access:
∙ Listing: 631 O’Farrell #2101(3/3.5) 3,879 sqft - $5,250,000 [hamiltonpenthouse.com]
∙ Life At The Hamilton (631 O'Farrell): A Plugged-In Reader's Report [SocketSite]
∙ High Atop The Hamilton (631 O’Farrell): Penthouse Listing And History [SocketSite]
First Published: April 19, 2013 12:15 PM
Comments from "Plugged In" Readers
The Hamilton is -- not unlike Fox Plaza -- cursed. Can't explain it. Just know it when I see's it.
Posted by: no_dogs_allowed at April 20, 2013 11:07 PM
How about something about the actual condo in question, instead of the fancier neighbor?
Posted by: Alai at April 21, 2013 2:00 AM
I remember seeing units listed in the paper in 92 for 60 k. I should have bought
I bought at 611 wash instead i put 50k down and owed
485k. if i had bought at the Hamilton for cash
i would still be living there with no mortgage.
Posted by: mark at April 22, 2013 2:51 AM
The list price for 631 O'farrell Street #311 has been reduced $17,482 (5%), now asking $332,168.
Posted by: SocketSite at May 21, 2013 7:12 AM
The list price for the penthouse atop 631 O'farrell Street (#2101) has just been reduced $525,000 (10 percent), now asking $4,725,000.
Posted by: SocketSite at June 14, 2013 4:42 PM
The list price for 631 O'farrell Street #311 has just been reduced $16,608 (5%), now asking $315,560.
Posted by: SocketSite at October 11, 2013 2:36 PM
The list price for the penthouse atop 631 O'farrell Street (#2101) has just been reduced another $475,000 (10 percent), now asking $4,250,000.
Posted by: SocketSite at October 14, 2013 9:50 AM