Two adjacent units on the fourth floor of the eleven-story mid-rise component of San Francisco’s leaning Millennium Tower development (a.k.a. the City Residences) were legally merged back in 2013 to create a single four-bedroom unit #401 which measures 3,814 square feet and sold for $5.3 million in May of 2014.

And having returned to the market priced at $5.995 million in March of last year, a few quarters after the tower’s foundational woes became widely known, the sale of 301 Mission Street #401 has now closed escrow with a contract price of $4.66 million.

Keep in mind that the seller was offering financing “for qualified applicants” and Sterling Bank was offering loans with at least 50 percent down, according to the listing.

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Comments from “Plugged-In” Readers

  1. Posted by Forward Observer

    Having worked on 444Market Street and worked at 44Montgomery and One California in my ten years in San Francisco, I cannot fathom ever living in a high rise in The City.

  2. Posted by Donald

    I would love to have a high rise condo. I don’t know if I’d want to live there full time or as a second home, though

  3. Posted by Mark F.

    It’s a 4th floor unit, but don’t worry–it will be at street level in a few years. LOL. But seriously, I rather like this.

    • Posted by Notcom

      I don’t think the smaller building is settling (and logically it would settle less since it weighs much less)

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